NASDAQ BIOTECHNOLOGY INDEX - 1H - Technical analysis published on 08/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 4,837.07 USD
My targets
4,904.24 USD (+0.60%)
4,939.19 USD (+1.32%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NASDAQ BIOTECHNOLOGY INDEX as long as the price remains well above 4,837.07 USD. The buyers' bullish objective is set at 4,904.24 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4,939.19 USD. If there is any crossing, the next objective would be the resistance located at 4,972.30 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.4
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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 4,874.83 USD. On the day, this instrument lost -0.05% and was between 4,858.55 USD and 4,901.62 USD. This implies that the price is at +0.34% from its lowest and at -0.55% from its highest.4,858.55
4,901.62
4,874.83
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of NASDAQ BIOTECHNOLOGY INDEX indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bullish signal.
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 which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,593.61 | 4,670.58 | 4,837.07 | 4,874.83 | 4,904.24 | 4,939.19 | 4,972.30 |
| Change (%) | -5.77% | -4.19% | -0.77% | - | +0.60% | +1.32% | +2.00% |
| Change | -281.22 | -204.25 | -37.76 | - | +29.41 | +64.36 | +97.47 |
| Level | Major | Intermediate | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,811.98 | 4,835.26 | 4,855.05 | 4,878.33 | 4,898.12 | 4,921.40 | 4,941.19 |
| Camarilla | 4,862.99 | 4,866.93 | 4,870.88 | 4,874.83 | 4,878.78 | 4,882.73 | 4,886.67 |
| Woodie | 4,810.23 | 4,834.39 | 4,853.30 | 4,877.46 | 4,896.37 | 4,920.53 | 4,939.44 |
| Fibonacci | 4,835.26 | 4,851.72 | 4,861.88 | 4,878.33 | 4,894.79 | 4,904.95 | 4,921.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,638.97 | 4,694.42 | 4,787.40 | 4,842.85 | 4,935.83 | 4,991.28 | 5,084.26 |
| Camarilla | 4,839.57 | 4,853.18 | 4,866.78 | 4,880.39 | 4,894.00 | 4,907.60 | 4,921.21 |
| Woodie | 4,657.75 | 4,703.80 | 4,806.18 | 4,852.23 | 4,954.61 | 5,000.66 | 5,103.04 |
| Fibonacci | 4,694.42 | 4,751.12 | 4,786.15 | 4,842.85 | 4,899.55 | 4,934.58 | 4,991.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,064.36 | 4,258.55 | 4,551.11 | 4,745.30 | 5,037.86 | 5,232.05 | 5,524.61 |
| Camarilla | 4,709.80 | 4,754.42 | 4,799.04 | 4,843.66 | 4,888.28 | 4,932.90 | 4,977.52 |
| Woodie | 4,113.54 | 4,283.14 | 4,600.29 | 4,769.89 | 5,087.04 | 5,256.64 | 5,573.79 |
| Fibonacci | 4,258.55 | 4,444.49 | 4,559.37 | 4,745.30 | 4,931.24 | 5,046.12 | 5,232.05 |
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): | 52.22 | |
| MACD (12,26,9): | 3.9700 | |
| Directional Movement: | 8.50 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 4,877.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,842.99 | |
| Elder Ray (13): | 5.59 | |
| Super Trend (3,10): | 4,834.48 | |
| Zig ZAG (10): | 4,874.83 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 51.98 | |
| TEMA (21): | 4,871.16 | |
| Williams %R (14): | -41.31 | |
| Chande Momentum Oscillator (20): | 13.23 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.21 |
| MA7: | 4,868.26 | |
| MA20: | 4,755.30 | |
| MA50: | 4,716.92 | |
| MA100: | 4,528.77 | |
| MAexp7: | 4,873.87 | |
| MAexp20: | 4,871.60 | |
| MAexp50: | 4,850.80 | |
| MAexp100: | 4,815.46 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | +2.51% | |
| Price / MA50: | +3.35% | |
| Price / MA100: | +7.64% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.50% | |
| Price / MAexp100: | +1.23% |
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.
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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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