NASDAQ BIOTECHNOLOGY INDEX - Daily - Technical analysis published on 09/26/2022 (GMT)
- 167
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 3,864.96 USD
My targets
3,618.41 USD (-1.98%)
3,369.72 USD (-8.71%)
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 3,864.96 USD. The sellers' bearish objective is set at 3,618.41 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3,369.72 USD. In case of crossing, the next objective would be the support located at 2,969.88 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
0
10
7.3
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 3,691.39 USD. The price is lower by -0.02% since the last closing with the lowest point at 3,678.49 USD and the highest point at 3,720.46 USD. The deviation from the price is +0.35% for the low point and -0.78% for the high point.3,678.49
3,720.46
3,691.39
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NASDAQ BIOTECHNOLOGY INDEX:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NASDAQ BIOTECHNOLOGY INDEX in Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
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 | 2,969.88 | 3,369.72 | 3,618.41 | 3,691.39 | 3,864.96 | 4,165.87 | 4,314.93 |
| Change (%) | -19.55% | -8.71% | -1.98% | - | +4.70% | +12.85% | +16.89% |
| Change | -721.51 | -321.67 | -72.98 | - | +173.57 | +474.48 | +623.54 |
| Level | Major | Major | Intermediate | - | Intermediate | Major | Intermediate |
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 | 3,581.26 | 3,613.90 | 3,652.99 | 3,685.63 | 3,724.72 | 3,757.36 | 3,796.45 |
| Camarilla | 3,672.36 | 3,678.94 | 3,685.52 | 3,692.09 | 3,698.67 | 3,705.24 | 3,711.82 |
| Woodie | 3,584.50 | 3,615.51 | 3,656.23 | 3,687.24 | 3,727.96 | 3,758.97 | 3,799.69 |
| Fibonacci | 3,613.90 | 3,641.30 | 3,658.23 | 3,685.63 | 3,713.03 | 3,729.96 | 3,757.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,350.48 | 3,498.50 | 3,595.30 | 3,743.32 | 3,840.12 | 3,988.14 | 4,084.94 |
| Camarilla | 3,624.77 | 3,647.21 | 3,669.65 | 3,692.09 | 3,714.53 | 3,736.97 | 3,759.42 |
| Woodie | 3,324.86 | 3,485.70 | 3,569.68 | 3,730.52 | 3,814.50 | 3,975.34 | 4,059.32 |
| Fibonacci | 3,498.50 | 3,592.03 | 3,649.80 | 3,743.32 | 3,836.85 | 3,894.62 | 3,988.14 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,230.76 | 3,526.21 | 3,693.94 | 3,989.39 | 4,157.12 | 4,452.57 | 4,620.30 |
| Camarilla | 3,734.31 | 3,776.76 | 3,819.22 | 3,861.68 | 3,904.14 | 3,946.60 | 3,989.06 |
| Woodie | 3,166.91 | 3,494.28 | 3,630.09 | 3,957.46 | 4,093.27 | 4,420.64 | 4,556.45 |
| Fibonacci | 3,526.21 | 3,703.14 | 3,812.45 | 3,989.39 | 4,166.32 | 4,275.63 | 4,452.57 |
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): | 33.94 | |
| MACD (12,26,9): | -67.7600 | |
| Directional Movement: | -20.70 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 3,802.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,024.73 | |
| Elder Ray (13): | -138.23 | |
| Super Trend (3,10): | 3,951.53 | |
| Zig ZAG (10): | 3,688.75 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 9.88 | |
| TEMA (21): | 3,739.54 | |
| Williams %R (14): | -90.29 | |
| Chande Momentum Oscillator (20): | -353.43 | |
| Repulse (5,40,3): | -0.9900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1500 | |
| Courbe Coppock: | 6.32 |
| MA7: | 3,794.09 | |
| MA20: | 3,887.13 | |
| MA50: | 3,974.93 | |
| MA100: | 3,837.52 | |
| MAexp7: | 3,778.77 | |
| MAexp20: | 3,877.22 | |
| MAexp50: | 3,920.39 | |
| MAexp100: | 3,947.13 | |
| Price / MA7: | -2.71% | |
| Price / MA20: | -5.04% | |
| Price / MA50: | -7.13% | |
| Price / MA100: | -3.81% | |
| Price / MAexp7: | -2.31% | |
| Price / MAexp20: | -4.79% | |
| Price / MAexp50: | -5.84% | |
| Price / MAexp100: | -6.48% |
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