NEOGEN CORP. - Daily - Technical analysis published on 10/13/2019 (GMT)
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- Timeframe : Daily
- - 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 bearish
De fond:
Bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 68.54 USD
My targets
63.23 USD (-1.05%)
58.74 USD (-8.08%)
My analysis
NEOGEN CORP. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 68.54 USD. The next support located at 63.23 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 58.74 USD. Below this support, sellers could then target 55.29 USD.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NEOGEN CORP. rating 63.90 USD. The price has increased by +2.00% since the last closing with the lowest point at 63.45 USD and the highest point at 65.20 USD. The deviation from the price is +0.71% for the low point and -1.99% for the high point.63.45
65.20
63.90
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NEOGEN CORP. in Daily shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 55.29 | 58.74 | 63.23 | 63.90 | 68.54 | 72.17 | 80.02 |
| Change (%) | -13.47% | -8.08% | -1.05% | - | +7.26% | +12.94% | +25.23% |
| Change | -8.61 | -5.16 | -0.67 | - | +4.64 | +8.27 | +16.12 |
| Level | Minor | Minor | Major | - | Intermediate | 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 | 60.92 | 61.68 | 62.17 | 62.93 | 63.42 | 64.18 | 64.67 |
| Camarilla | 62.31 | 62.42 | 62.54 | 62.65 | 62.77 | 62.88 | 62.99 |
| Woodie | 60.78 | 61.61 | 62.03 | 62.86 | 63.28 | 64.11 | 64.53 |
| Fibonacci | 61.68 | 62.16 | 62.46 | 62.93 | 63.41 | 63.71 | 64.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.97 | 59.55 | 61.85 | 65.43 | 67.73 | 71.31 | 73.61 |
| Camarilla | 62.54 | 63.08 | 63.62 | 64.16 | 64.70 | 65.24 | 65.78 |
| Woodie | 55.34 | 59.23 | 61.22 | 65.11 | 67.10 | 70.99 | 72.98 |
| Fibonacci | 59.55 | 61.79 | 63.18 | 65.43 | 67.67 | 69.06 | 71.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.17 | 56.04 | 62.08 | 70.95 | 76.99 | 85.86 | 91.90 |
| Camarilla | 64.01 | 65.38 | 66.74 | 68.11 | 69.48 | 70.84 | 72.21 |
| Woodie | 45.75 | 55.33 | 60.66 | 70.24 | 75.57 | 85.15 | 90.48 |
| Fibonacci | 56.04 | 61.74 | 65.26 | 70.95 | 76.65 | 80.17 | 85.86 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 37.43 | |
| MACD (12,26,9): | -2.4200 | |
| Directional Movement: | -12.56 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 63.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 67.85 | |
| Elder Ray (13): | -1.02 | |
| Super Trend (3,10): | 69.43 | |
| Zig ZAG (10): | 63.90 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 9.78 | |
| TEMA (21): | 61.67 | |
| Williams %R (14): | -78.74 | |
| Chande Momentum Oscillator (20): | -3.11 | |
| Repulse (5,40,3): | -2.5000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3900 | |
| Courbe Coppock: | 27.96 |
| MA7: | 63.55 | |
| MA20: | 68.42 | |
| MA50: | 70.18 | |
| MA100: | 66.00 | |
| MAexp7: | 63.88 | |
| MAexp20: | 66.76 | |
| MAexp50: | 68.21 | |
| MAexp100: | 66.79 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | -6.61% | |
| Price / MA50: | -8.95% | |
| Price / MA100: | -3.18% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -4.28% | |
| Price / MAexp50: | -6.32% | |
| Price / MAexp100: | -4.33% |
News
Don"t forget to follow the news on NEOGEN CORP.. At the time of publication of this analysis, the latest news was as follows:
- Neogen reports first quarter results
- Neogen partners with IGS to enhance Igenity® Beef Profile
- Neogen's NeoSeek™ for STEC receives AOAC validation
- Neogen licenses food safety data analytics platform from Corvium
- AOAC approves Neogen's Reveal® Q+ for DON
This member declared not having a position on this financial instrument or a related financial instrument.
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