NASDAQ BIOTECHNOLOGY INDEX - Daily - Technical analysis published on 08/24/2022 (GMT)
- 157
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
17%
33%
50%
My opinion
Neutral between 3,832.07 USD and 4,165.87 USD
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 4,165.87 USD. The first support is located at 3,832.07 USD. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ BIOTECHNOLOGY INDEX rating is 4,061.17 USD. The price has increased by +1.75% since the last closing with the lowest point at 3,978.74 USD and the highest point at 4,061.92 USD. The deviation from the price is +2.07% for the low point and -0.02% for the high point.3,978.74
4,061.92
4,061.17
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NASDAQ BIOTECHNOLOGY INDEX in Daily shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,618.41 | 3,832.07 | 4,038.06 | 4,061.17 | 4,165.87 | 4,314.93 | 4,591.55 |
| Change (%) | -10.90% | -5.64% | -0.57% | - | +2.58% | +6.25% | +13.06% |
| Change | -442.76 | -229.10 | -23.11 | - | +104.70 | +253.76 | +530.38 |
| Level | Minor | Major | Intermediate | - | Major | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,889.86 | 3,917.84 | 3,954.56 | 3,982.54 | 4,019.26 | 4,047.24 | 4,083.96 |
| Camarilla | 3,973.50 | 3,979.43 | 3,985.36 | 3,991.29 | 3,997.22 | 4,003.15 | 4,009.08 |
| Woodie | 3,894.24 | 3,920.03 | 3,958.94 | 3,984.73 | 4,023.64 | 4,049.43 | 4,088.34 |
| Fibonacci | 3,917.84 | 3,942.55 | 3,957.82 | 3,982.54 | 4,007.25 | 4,022.52 | 4,047.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,713.19 | 3,873.95 | 3,963.32 | 4,124.08 | 4,213.45 | 4,374.21 | 4,463.58 |
| Camarilla | 3,983.91 | 4,006.84 | 4,029.77 | 4,052.70 | 4,075.63 | 4,098.56 | 4,121.49 |
| Woodie | 3,677.51 | 3,856.10 | 3,927.64 | 4,106.23 | 4,177.77 | 4,356.36 | 4,427.90 |
| Fibonacci | 3,873.95 | 3,969.50 | 4,028.53 | 4,124.08 | 4,219.63 | 4,278.66 | 4,374.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,403.45 | 3,564.51 | 3,733.71 | 3,894.77 | 4,063.97 | 4,225.03 | 4,394.23 |
| Camarilla | 3,812.08 | 3,842.35 | 3,872.63 | 3,902.90 | 3,933.17 | 3,963.45 | 3,993.72 |
| Woodie | 3,407.51 | 3,566.55 | 3,737.77 | 3,896.81 | 4,068.03 | 4,227.07 | 4,398.29 |
| Fibonacci | 3,564.51 | 3,690.67 | 3,768.61 | 3,894.77 | 4,020.93 | 4,098.87 | 4,225.03 |
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): | 51.30 | |
| MACD (12,26,9): | 35.6300 | |
| Directional Movement: | 1.93 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 4,126.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,228.19 | |
| Elder Ray (13): | -60.10 | |
| Super Trend (3,10): | 3,959.37 | |
| Zig ZAG (10): | 4,060.21 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 20.86 | |
| TEMA (21): | 4,101.58 | |
| Williams %R (14): | -66.12 | |
| Chande Momentum Oscillator (20): | -147.02 | |
| Repulse (5,40,3): | 1.8500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2400 | |
| Courbe Coppock: | 3.79 |
| MA7: | 4,076.82 | |
| MA20: | 4,079.20 | |
| MA50: | 3,923.71 | |
| MA100: | 3,879.55 | |
| MAexp7: | 4,067.01 | |
| MAexp20: | 4,064.48 | |
| MAexp50: | 3,976.60 | |
| MAexp100: | 3,977.81 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | -0.44% | |
| Price / MA50: | +3.50% | |
| Price / MA100: | +4.68% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | +2.13% | |
| Price / MAexp100: | +2.10% |
Quotes :
-
15 min delayed data
-
NASDAQ US Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis NASDAQ BIOTECHNOLOGY INDEX - Daily