NASDAQ BIOTECHNOLOGY INDEX - 1H - Technical analysis published on 12/05/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 4,377.12 USD
My targets
4,489.86 USD (+1.70%)
4,588.52 USD (+3.93%)
My analysis
The bullish trend is currently very strong on NASDAQ BIOTECHNOLOGY INDEX. As long as the price remains above the support at 4,377.12 USD, you could try to benefit from the boom. The first bullish objective is located at 4,489.86 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4,588.52 USD as an objective. Crossing it would then enable buyers to target 5,202.27 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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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 4,414.90 USD. The price has increased by +1.22% since the last closing and was traded between 4,318.66 USD and 4,418.74 USD over the period. The price is currently at +2.23% from its lowest and -0.09% from its highest.4,318.66
4,418.74
4,414.90
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of NASDAQ BIOTECHNOLOGY INDEX in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 4,208.03 | 4,279.18 | 4,377.12 | 4,414.90 | 4,588.52 | 5,202.27 | 5,466.72 |
| Change (%) | -4.69% | -3.07% | -0.86% | - | +3.93% | +17.83% | +23.82% |
| Change | -206.87 | -135.72 | -37.78 | - | +173.62 | +787.37 | +1,051.82 |
| Level | Intermediate | Major | Minor | - | 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 | 4,249.38 | 4,284.02 | 4,349.46 | 4,384.10 | 4,449.54 | 4,484.18 | 4,549.62 |
| Camarilla | 4,387.38 | 4,396.55 | 4,405.73 | 4,414.90 | 4,424.07 | 4,433.25 | 4,442.42 |
| Woodie | 4,264.78 | 4,291.72 | 4,364.86 | 4,391.80 | 4,464.94 | 4,491.88 | 4,565.02 |
| Fibonacci | 4,284.02 | 4,322.25 | 4,345.87 | 4,384.10 | 4,422.33 | 4,445.95 | 4,484.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,047.80 | 4,122.75 | 4,268.83 | 4,343.78 | 4,489.86 | 4,564.81 | 4,710.89 |
| Camarilla | 4,354.12 | 4,374.38 | 4,394.64 | 4,414.90 | 4,435.16 | 4,455.42 | 4,475.68 |
| Woodie | 4,083.36 | 4,140.53 | 4,304.39 | 4,361.56 | 4,525.42 | 4,582.59 | 4,746.45 |
| Fibonacci | 4,122.75 | 4,207.19 | 4,259.35 | 4,343.78 | 4,428.22 | 4,480.38 | 4,564.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,774.35 | 3,888.29 | 4,116.19 | 4,230.13 | 4,458.03 | 4,571.97 | 4,799.87 |
| Camarilla | 4,250.07 | 4,281.41 | 4,312.75 | 4,344.08 | 4,375.42 | 4,406.75 | 4,438.09 |
| Woodie | 3,831.32 | 3,916.78 | 4,173.16 | 4,258.62 | 4,515.00 | 4,600.46 | 4,856.84 |
| Fibonacci | 3,888.29 | 4,018.88 | 4,099.55 | 4,230.13 | 4,360.72 | 4,441.39 | 4,571.97 |
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): | 73.02 | |
| MACD (12,26,9): | 36.3200 | |
| Directional Movement: | 27.99 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 4,392.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,330.33 | |
| Elder Ray (13): | 44.15 | |
| Super Trend (3,10): | 4,341.67 | |
| Zig ZAG (10): | 4,414.90 | |
| VORTEX (21): | 1.2800 | |
| Stochastique (14,3,5): | 93.89 | |
| TEMA (21): | 4,409.63 | |
| Williams %R (14): | -3.84 | |
| Chande Momentum Oscillator (20): | 48.22 | |
| Repulse (5,40,3): | 1.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 3.57 |
| MA7: | 4,290.55 | |
| MA20: | 4,234.91 | |
| MA50: | 4,028.86 | |
| MA100: | 4,006.59 | |
| MAexp7: | 4,385.30 | |
| MAexp20: | 4,346.41 | |
| MAexp50: | 4,298.62 | |
| MAexp100: | 4,252.93 | |
| Price / MA7: | +2.90% | |
| Price / MA20: | +4.25% | |
| Price / MA50: | +9.58% | |
| Price / MA100: | +10.19% | |
| Price / MAexp7: | +0.67% | |
| Price / MAexp20: | +1.58% | |
| Price / MAexp50: | +2.71% | |
| Price / MAexp100: | +3.81% |
Quotes :
-
15 min delayed data
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NASDAQ US Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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