NASDAQ BIOTECHNOLOGY INDEX - Daily - Technical analysis published on 04/28/2023 (GMT)
- 312
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
22%
33%
44%
My opinion
Neutral between 4,047.94 USD and 4,278.82 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on NASDAQ BIOTECHNOLOGY INDEX. It is difficult to advise a trading direction under these conditions. The first support is located at 4,047.94 USD. The first resistance is located at 4,278.82 USD. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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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 price is 4,155.09 USD. The price is lower by -0.05% since the last closing and was between 4,117.28 USD and 4,155.09 USD. This implies that the price is at +0.92% from its lowest and at 0% from its highest.4,117.28
4,155.09
4,155.09
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NASDAQ BIOTECHNOLOGY INDEX in Daily shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. As the signals currently given by short-term moving averages are rather neutral, the slightly bearish trend could return to neutral. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 8 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,630.92 | 3,779.37 | 3,886.97 | 4,155.09 | 4,165.87 | 4,278.82 | 4,376.73 |
| Change (%) | -12.62% | -9.04% | -6.45% | - | +0.26% | +2.98% | +5.33% |
| Change | -524.17 | -375.72 | -268.12 | - | +10.78 | +123.73 | +221.64 |
| Level | Intermediate | Minor | Major | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,058.43 | 4,082.30 | 4,119.67 | 4,143.54 | 4,180.91 | 4,204.78 | 4,242.15 |
| Camarilla | 4,140.19 | 4,145.80 | 4,151.42 | 4,157.03 | 4,162.64 | 4,168.26 | 4,173.87 |
| Woodie | 4,065.17 | 4,085.68 | 4,126.41 | 4,146.92 | 4,187.65 | 4,208.16 | 4,248.89 |
| Fibonacci | 4,082.30 | 4,105.70 | 4,120.15 | 4,143.54 | 4,166.94 | 4,181.39 | 4,204.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,170.27 | 4,193.00 | 4,233.74 | 4,256.47 | 4,297.21 | 4,319.94 | 4,360.68 |
| Camarilla | 4,257.04 | 4,262.85 | 4,268.67 | 4,274.49 | 4,280.31 | 4,286.13 | 4,291.94 |
| Woodie | 4,179.29 | 4,197.50 | 4,242.76 | 4,260.97 | 4,306.23 | 4,324.44 | 4,369.70 |
| Fibonacci | 4,193.00 | 4,217.24 | 4,232.22 | 4,256.47 | 4,280.71 | 4,295.69 | 4,319.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,627.23 | 3,741.68 | 3,933.49 | 4,047.94 | 4,239.75 | 4,354.20 | 4,546.01 |
| Camarilla | 4,041.07 | 4,069.14 | 4,097.22 | 4,125.29 | 4,153.36 | 4,181.44 | 4,209.51 |
| Woodie | 3,665.90 | 3,761.02 | 3,972.16 | 4,067.28 | 4,278.42 | 4,373.54 | 4,584.68 |
| Fibonacci | 3,741.68 | 3,858.68 | 3,930.95 | 4,047.94 | 4,164.94 | 4,237.21 | 4,354.20 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.77 | |
| MACD (12,26,9): | 20.3900 | |
| Directional Movement: | -5.23 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 4,207.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,260.89 | |
| Elder Ray (13): | -54.83 | |
| Super Trend (3,10): | 4,092.47 | |
| Zig ZAG (10): | 4,150.03 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 24.45 | |
| TEMA (21): | 4,220.77 | |
| Williams %R (14): | -74.62 | |
| Chande Momentum Oscillator (20): | -13.96 | |
| Repulse (5,40,3): | 0.6700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 1.90 |
| MA7: | 4,200.51 | |
| MA20: | 4,192.73 | |
| MA50: | 4,111.98 | |
| MA100: | 4,197.70 | |
| MAexp7: | 4,185.04 | |
| MAexp20: | 4,176.94 | |
| MAexp50: | 4,157.88 | |
| MAexp100: | 4,145.59 | |
| Price / MA7: | -1.08% | |
| Price / MA20: | -0.90% | |
| Price / MA50: | +1.05% | |
| Price / MA100: | -1.02% | |
| Price / MAexp7: | -0.72% | |
| Price / MAexp20: | -0.52% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | +0.23% |
Quotes :
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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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