NEOGEN CORP. - 1H - Technical analysis published on 07/25/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 65.49 USD
My targets
80.02 USD (+16.38%)
96.50 USD (+40.34%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NEOGEN CORP. as long as the price remains well above 65.49 USD. The buyers” bullish objective is set at 80.02 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 96.50 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NEOGEN CORP. price is 68.76 USD. The price is lower by -0.55% since the last closing and was traded between 68.48 USD and 69.14 USD over the period. The price is currently at +0.41% from its lowest and -0.55% from its highest.68.48
69.14
68.76
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NEOGEN CORP. chart shows a strongly 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 scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
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:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 63.23 | 63.90 | 65.49 | 68.76 | 80.02 | 96.50 |
| Change (%) | -8.04% | -7.07% | -4.76% | - | +16.38% | +40.34% |
| Change | -5.53 | -4.86 | -3.27 | - | +11.26 | +27.74 |
| Level | Major | Intermediate | Minor | - | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.99 | 63.51 | 66.33 | 67.85 | 70.66 | 72.18 | 75.00 |
| Camarilla | 67.95 | 68.35 | 68.74 | 69.14 | 69.54 | 69.94 | 70.33 |
| Woodie | 62.64 | 63.83 | 66.97 | 68.17 | 71.31 | 72.51 | 75.65 |
| Fibonacci | 63.51 | 65.17 | 66.19 | 67.85 | 69.50 | 70.53 | 72.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58.47 | 60.18 | 62.07 | 63.78 | 65.68 | 67.39 | 69.28 |
| Camarilla | 62.98 | 63.31 | 63.64 | 63.97 | 64.30 | 64.63 | 64.96 |
| Woodie | 58.56 | 60.22 | 62.17 | 63.83 | 65.77 | 67.43 | 69.38 |
| Fibonacci | 60.18 | 61.55 | 62.41 | 63.78 | 65.16 | 66.01 | 67.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.97 | 50.72 | 56.41 | 60.16 | 65.85 | 69.60 | 75.29 |
| Camarilla | 59.51 | 60.38 | 61.25 | 62.11 | 62.98 | 63.84 | 64.71 |
| Woodie | 47.95 | 51.21 | 57.39 | 60.65 | 66.83 | 70.09 | 76.27 |
| Fibonacci | 50.72 | 54.32 | 56.55 | 60.16 | 63.76 | 65.99 | 69.60 |
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): | 78.16 | |
| MACD (12,26,9): | 1.2000 | |
| Directional Movement: | 38.36 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 67.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 65.52 | |
| Elder Ray (13): | 1.86 | |
| Super Trend (3,10): | 66.58 | |
| Zig ZAG (10): | 68.94 | |
| VORTEX (21): | 1.2900 | |
| Stochastique (14,3,5): | 96.00 | |
| TEMA (21): | 68.54 | |
| Williams %R (14): | -8.95 | |
| Chande Momentum Oscillator (20): | 3.91 | |
| Repulse (5,40,3): | 1.1600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 13.30 |
| MA7: | 65.78 | |
| MA20: | 63.27 | |
| MA50: | 60.71 | |
| MA100: | 60.00 | |
| MAexp7: | 68.03 | |
| MAexp20: | 66.37 | |
| MAexp50: | 65.03 | |
| MAexp100: | 63.85 | |
| Price / MA7: | +4.53% | |
| Price / MA20: | +8.68% | |
| Price / MA50: | +13.26% | |
| Price / MA100: | +14.60% | |
| Price / MAexp7: | +1.07% | |
| Price / MAexp20: | +3.60% | |
| Price / MAexp50: | +5.74% | |
| Price / MAexp100: | +7.69% |
News
The last news published on NEOGEN CORP. at the time of the generation of this analysis was as follows:
- Neogen reports fiscal 2019 results
- Neogen awarded USDA contract
- Neogen reports third quarter results
- Neogen launches coconut food allergen test kits
- Adent completes transition as Neogen's CEO
This member declared not having a position on this financial instrument or a related financial instrument.
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