NEWEGG COMMERCE INC. - 1H - Technical analysis published on 11/16/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 18.27 USD
My targets
19.85 USD (+3.33%)
20.78 USD (+8.19%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NEWEGG COMMERCE INC. as long as the price remains well above 18.27 USD. The buyers' bullish objective is set at 19.85 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 20.78 USD. If there is any crossing, the next objective would be the resistance located at 29.10 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.9
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This analysis was given by alphakarl. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NEWEGG COMMERCE INC. rating 19.21 USD. On the day, this instrument gained +21.28% and was traded between 15.75 USD and 19.84 USD over the period. The price is currently at +21.97% from its lowest and -3.18% from its highest.15.75
19.84
19.21
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of NEWEGG COMMERCE INC. in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.66 | 15.06 | 16.80 | 19.21 | 19.85 | 29.10 | 35.90 |
| Change (%) | -28.89% | -21.60% | -12.55% | - | +3.33% | +51.48% | +86.88% |
| Change | -5.55 | -4.15 | -2.41 | - | +0.64 | +9.89 | +16.69 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.60 | 14.18 | 16.69 | 18.27 | 20.78 | 22.36 | 24.87 |
| Camarilla | 18.09 | 18.46 | 18.84 | 19.21 | 19.59 | 19.96 | 20.34 |
| Woodie | 13.08 | 14.41 | 17.17 | 18.50 | 21.26 | 22.59 | 25.35 |
| Fibonacci | 14.18 | 15.74 | 16.70 | 18.27 | 19.83 | 20.79 | 22.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.60 | 14.18 | 16.69 | 18.27 | 20.78 | 22.36 | 24.87 |
| Camarilla | 18.09 | 18.46 | 18.84 | 19.21 | 19.59 | 19.96 | 20.34 |
| Woodie | 13.08 | 14.41 | 17.17 | 18.50 | 21.26 | 22.59 | 25.35 |
| Fibonacci | 14.18 | 15.74 | 16.70 | 18.27 | 19.83 | 20.79 | 22.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.04 | 9.29 | 10.55 | 12.80 | 14.06 | 16.31 | 17.57 |
| Camarilla | 10.84 | 11.16 | 11.48 | 11.80 | 12.12 | 12.44 | 12.77 |
| Woodie | 6.54 | 9.04 | 10.05 | 12.55 | 13.56 | 16.06 | 17.07 |
| Fibonacci | 9.29 | 10.63 | 11.46 | 12.80 | 14.14 | 14.97 | 16.31 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 71.59 | |
| MACD (12,26,9): | 0.9300 | |
| Directional Movement: | 31.54 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 17.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.40 | |
| Elder Ray (13): | 1.95 | |
| Super Trend (3,10): | 16.07 | |
| Zig ZAG (10): | 19.21 | |
| VORTEX (21): | 1.2600 | |
| Stochastique (14,3,5): | 86.43 | |
| TEMA (21): | 18.28 | |
| Williams %R (14): | -13.64 | |
| Chande Momentum Oscillator (20): | 3.66 | |
| Repulse (5,40,3): | 7.4300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.6200 | |
| Courbe Coppock: | 25.57 |
| MA7: | 16.22 | |
| MA20: | 14.07 | |
| MA50: | 14.79 | |
| MA100: | 18.66 | |
| MAexp7: | 17.95 | |
| MAexp20: | 16.79 | |
| MAexp50: | 15.48 | |
| MAexp100: | 14.55 | |
| Price / MA7: | +18.43% | |
| Price / MA20: | +36.53% | |
| Price / MA50: | +29.89% | |
| Price / MA100: | +2.95% | |
| Price / MAexp7: | +7.02% | |
| Price / MAexp20: | +14.41% | |
| Price / MAexp50: | +24.10% | |
| Price / MAexp100: | +32.03% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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