NASDAQ BIOTECHNOLOGY INDEX

- USD (-)

- 15 min delayed data - NASDAQ US Indices

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Type:	Indices
Ticker:	NBI
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NASDAQ BIOTECHNOLOGY INDEX - Daily - Technical analysis published on 11/03/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

17%

My opinion

Bullish above 4,970.06 USD

My targets

5,207.87 USD (+1.14%)

5,427.13 USD (+5.40%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on NASDAQ BIOTECHNOLOGY INDEX. This is a positive signal for buyers. As long as the price remains above 4,970.06 USD, a purchase could be considered. The first bullish objective is located at 5,207.87 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5,427.13 USD as an objective. In the event of a return below 4,970.06 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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

5.5

Comment on the analysis

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NASDAQ BIOTECHNOLOGY INDEX rating 5,149.11 USD. The price has increased by +0.80% since the last closing and was between 5,082.90 USD and 5,158.98 USD. This implies that the price is at +1.30% from its lowest and at -0.19% from its highest.

5,082.90

5,158.98

5,149.11

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of NASDAQ BIOTECHNOLOGY INDEX indicates that the overall trend is bullish. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	4,786.04	4,970.06	5,132.41	5,149.11	5,207.87	5,427.13
Change (%)	-7.05%	-3.48%	-0.32%	-	+1.14%	+5.40%
Change	-363.07	-179.05	-16.70	-	+58.76	+278.02
Level	Minor	Major	Intermediate	-	Major	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	4,950.76	4,982.55	5,045.52	5,077.31	5,140.28	5,172.07	5,235.04
Camarilla	5,082.42	5,091.11	5,099.79	5,108.48	5,117.17	5,125.85	5,134.54
Woodie	4,966.34	4,990.35	5,061.10	5,085.11	5,155.86	5,179.87	5,250.62
Fibonacci	4,982.55	5,018.75	5,041.12	5,077.31	5,113.51	5,135.88	5,172.07

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,795.96	4,852.73	4,920.82	4,977.59	5,045.68	5,102.45	5,170.54
Camarilla	4,954.56	4,966.01	4,977.46	4,988.90	5,000.35	5,011.79	5,023.24
Woodie	4,801.61	4,855.56	4,926.47	4,980.42	5,051.33	5,105.28	5,176.19
Fibonacci	4,852.73	4,900.43	4,929.90	4,977.59	5,025.29	5,054.76	5,102.45

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,667.51	4,749.97	4,869.44	4,951.90	5,071.37	5,153.83	5,273.30
Camarilla	4,933.37	4,951.88	4,970.39	4,988.90	5,007.41	5,025.92	5,044.43
Woodie	4,686.01	4,759.22	4,887.94	4,961.15	5,089.87	5,163.08	5,291.80
Fibonacci	4,749.97	4,827.11	4,874.77	4,951.90	5,029.04	5,076.70	5,153.83

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	59.84
MACD (12,26,9):	-6.0900
Directional Movement:	5.93
AROON (14):	85.71
DEMA (21):	4,990.14
Parabolic SAR (0,02-0,02-0,2):	4,941.08
Elder Ray (13):	97.85
Super Trend (3,10):	4,884.95
Zig ZAG (10):	5,154.46
VORTEX (21):	1.0700
Stochastique (14,3,5):	99.50
TEMA (21):	5,039.28
Williams %R (14):	-0.77
Chande Momentum Oscillator (20):	280.09
Repulse (5,40,3):	4.2100
ROCnROLL:	1
TRIX (15,9):	-0.1400
Courbe Coppock:	5.42

MA7:	5,031.28
MA20:	4,961.55
MA50:	5,143.75
MA100:	5,146.02
MAexp7:	5,052.26
MAexp20:	5,018.30
MAexp50:	5,074.69
MAexp100:	5,075.60
Price / MA7:	+2.34%
Price / MA20:	+3.78%
Price / MA50:	+0.10%
Price / MA100:	+0.06%
Price / MAexp7:	+1.92%
Price / MAexp20:	+2.61%
Price / MAexp50:	+1.47%
Price / MAexp100:	+1.45%

Quotes : - 15 min delayed data - NASDAQ US Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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