NASDAQ BIOTECHNOLOGY INDEX

- USD (-)

- 15 min delayed data - NASDAQ US Indices

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Volume:	-

Low:	-
High:	-
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Type:	Indices
Ticker:	NBI
ISIN:

NASDAQ BIOTECHNOLOGY INDEX - Daily - Technical analysis published on 01/10/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

89%

My opinion

Bearish under 4,592.53 USD

My targets

4,165.87 USD (-4.92%)

3,854.85 USD (-12.01%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NASDAQ BIOTECHNOLOGY INDEX as long as the price remains well below 4,592.53 USD. The sellers' bearish objective is set at 4,165.87 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3,854.85 USD. In case of crossing, the next objective would be the support located at 3,614.24 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

8.8

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

The NASDAQ BIOTECHNOLOGY INDEX rating is 4,381.22 USD. The price registered a decrease of -0.93% on the session with the lowest point at 4,366.50 USD and the highest point at 4,414.96 USD. The deviation from the price is +0.34% for the low point and -0.76% for the high point.

4,366.50

4,414.96

4,381.22

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by NASDAQ BIOTECHNOLOGY INDEX:

The Central Records scanner for higher/lower results shows the following items:

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

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 strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Downside gap

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3,614.24	3,854.85	4,165.87	4,381.22	4,592.53	4,832.63	4,972.29
Change (%)	-17.51%	-12.01%	-4.92%	-	+4.82%	+10.30%	+13.49%
Change	-766.98	-526.37	-215.35	-	+211.31	+451.41	+591.07
Level	Minor	Intermediate	Intermediate	-	Major	Major	Minor

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	4,301.04	4,361.60	4,391.89	4,452.45	4,482.74	4,543.30	4,573.59
Camarilla	4,397.20	4,405.52	4,413.85	4,422.18	4,430.51	4,438.84	4,447.16
Woodie	4,285.91	4,354.03	4,376.76	4,444.88	4,467.61	4,535.73	4,558.46
Fibonacci	4,361.60	4,396.31	4,417.75	4,452.45	4,487.16	4,508.60	4,543.30

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,909.67	4,148.27	4,285.22	4,523.82	4,660.77	4,899.37	5,036.32
Camarilla	4,318.90	4,353.33	4,387.76	4,422.18	4,456.61	4,491.03	4,525.46
Woodie	3,858.86	4,122.86	4,234.41	4,498.41	4,609.96	4,873.96	4,985.51
Fibonacci	4,148.27	4,291.73	4,380.36	4,523.82	4,667.28	4,755.91	4,899.37

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,136.06	4,300.11	4,514.52	4,678.57	4,892.98	5,057.03	5,271.44
Camarilla	4,624.86	4,659.56	4,694.25	4,728.94	4,763.63	4,798.32	4,833.02
Woodie	4,161.25	4,312.70	4,539.71	4,691.16	4,918.17	5,069.62	5,296.63
Fibonacci	4,300.11	4,444.68	4,534.00	4,678.57	4,823.14	4,912.46	5,057.03

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):	29.80
MACD (12,26,9):	-82.7000
Directional Movement:	-21.79
AROON (14):	-78.57
DEMA (21):	4,545.03
Parabolic SAR (0,02-0,02-0,2):	4,743.15
Elder Ray (13):	-203.84
Super Trend (3,10):	4,700.71
Zig ZAG (10):	4,386.84
VORTEX (21):	0.8500
Stochastique (14,3,5):	9.11
TEMA (21):	4,507.13
Williams %R (14):	-97.25
Chande Momentum Oscillator (20):	-409.03
Repulse (5,40,3):	-3.4500
ROCnROLL:	2
TRIX (15,9):	-0.1200
Courbe Coppock:	8.56

MA7:	4,552.60
MA20:	4,681.31
MA50:	4,772.89
MA100:	4,964.53
MAexp7:	4,518.95
MAexp20:	4,640.81
MAexp50:	4,756.66
MAexp100:	4,867.90
Price / MA7:	-3.76%
Price / MA20:	-6.41%
Price / MA50:	-8.21%
Price / MA100:	-11.75%
Price / MAexp7:	-3.05%
Price / MAexp20:	-5.59%
Price / MAexp50:	-7.89%
Price / MAexp100:	-10.00%

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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