NEWEGG COMMERCE INC. - 1H - Technical analysis published on 11/17/2021 (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
67%
6%
28%
My opinion
Bullish above 17.57 USD
My targets
19.84 USD (+8.47%)
19.85 USD (+8.51%)
My analysis
NEWEGG COMMERCE INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 17.57 USD. The next resistance located at 19.84 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 19.85 USD. After this resistance, buyers could then target 29.10 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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Additional analysis
Quotes
The NEWEGG COMMERCE INC. price is 18.29 USD. On the day, this instrument lost -2.35% with the lowest point at 17.82 USD and the highest point at 20.83 USD. The deviation from the price is +2.64% for the low point and -12.19% for the high point.17.82
20.83
18.29
Here is a more detailed summary of the historical variations registered by NEWEGG COMMERCE INC.:
Technical
Technical analysis of NEWEGG COMMERCE INC. in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.66 | 15.06 | 16.80 | 18.29 | 19.84 | 29.10 | 35.90 |
| Change (%) | -25.31% | -17.66% | -8.15% | - | +8.47% | +59.10% | +96.28% |
| Change | -4.63 | -3.23 | -1.49 | - | +1.55 | +10.81 | +17.61 |
| Level | Major | Intermediate | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.54 | 14.77 | 16.75 | 17.98 | 19.96 | 21.19 | 23.17 |
| Camarilla | 17.85 | 18.14 | 18.44 | 18.73 | 19.02 | 19.32 | 19.61 |
| Woodie | 13.92 | 14.96 | 17.13 | 18.17 | 20.34 | 21.38 | 23.55 |
| Fibonacci | 14.77 | 16.00 | 16.75 | 17.98 | 19.21 | 19.96 | 21.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.83 | 7.83 | 11.84 | 15.84 | 19.85 | 23.85 | 27.86 |
| Camarilla | 13.64 | 14.37 | 15.11 | 15.84 | 16.57 | 17.31 | 18.04 |
| Woodie | 3.83 | 7.83 | 11.84 | 15.84 | 19.85 | 23.85 | 27.86 |
| Fibonacci | 7.83 | 10.89 | 12.78 | 15.84 | 18.90 | 20.79 | 23.85 |
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): | 60.16 | |
| MACD (12,26,9): | 0.8200 | |
| Directional Movement: | 14.08 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 18.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.33 | |
| Elder Ray (13): | 1.00 | |
| Super Trend (3,10): | 16.07 | |
| Zig ZAG (10): | 18.73 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 75.39 | |
| TEMA (21): | 18.89 | |
| Williams %R (14): | -26.82 | |
| Chande Momentum Oscillator (20): | 1.96 | |
| Repulse (5,40,3): | 5.4500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7000 | |
| Courbe Coppock: | 25.54 |
| MA7: | 17.46 | |
| MA20: | 14.31 | |
| MA50: | 14.81 | |
| MA100: | 18.75 | |
| MAexp7: | 18.92 | |
| MAexp20: | 17.47 | |
| MAexp50: | 16.11 | |
| MAexp100: | 15.01 | |
| Price / MA7: | +4.75% | |
| Price / MA20: | +27.81% | |
| Price / MA50: | +23.50% | |
| Price / MA100: | -2.45% | |
| Price / MAexp7: | -3.33% | |
| Price / MAexp20: | +4.69% | |
| Price / MAexp50: | +13.53% | |
| Price / MAexp100: | +21.85% |
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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