NASDAQ HEALTH CARE - 1H - Technical analysis published on 06/20/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 955.22 USD
My targets
971.87 USD (+1.22%)
1,008.09 USD (+4.99%)
My analysis
The bullish trend is currently very strong on NASDAQ HEALTH CARE. As long as the price remains above the support at 955.22 USD, you could try to benefit from the boom. The first bullish objective is located at 971.87 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,008.09 USD as an objective. Crossing it would then enable buyers to target 1,140.92 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.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.8
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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 HEALTH CARE price is 960.14 USD. The price registered a decrease of -0.02% on the session with the lowest point at 951.85 USD and the highest point at 960.83 USD. The deviation from the price is +0.87% for the low point and -0.07% for the high point.951.85
960.83
960.14
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NASDAQ HEALTH CARE:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NASDAQ HEALTH CARE chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 8 are bullish, 6 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 928.53 | 946.34 | 955.22 | 960.14 | 961.33 | 971.87 | 1,140.92 |
Change (%) | -3.29% | -1.44% | -0.51% | - | +0.12% | +1.22% | +18.83% |
Change | -31.61 | -13.80 | -4.92 | - | +1.19 | +11.73 | +180.78 |
Level | Minor | Minor | Major | - | Major | Minor | 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 | 941.53 | 949.91 | 955.12 | 963.50 | 968.71 | 977.09 | 982.30 |
Camarilla | 956.60 | 957.85 | 959.09 | 960.34 | 961.59 | 962.83 | 964.08 |
Woodie | 939.96 | 949.12 | 953.55 | 962.71 | 967.14 | 976.30 | 980.73 |
Fibonacci | 949.91 | 955.10 | 958.31 | 963.50 | 968.69 | 971.90 | 977.09 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 909.30 | 924.12 | 942.23 | 957.05 | 975.16 | 989.98 | 1,008.09 |
Camarilla | 951.28 | 954.30 | 957.32 | 960.34 | 963.36 | 966.38 | 969.40 |
Woodie | 910.95 | 924.94 | 943.88 | 957.87 | 976.81 | 990.80 | 1,009.74 |
Fibonacci | 924.12 | 936.70 | 944.47 | 957.05 | 969.63 | 977.40 | 989.98 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 849.45 | 879.22 | 899.02 | 928.79 | 948.59 | 978.36 | 998.16 |
Camarilla | 905.19 | 909.73 | 914.28 | 918.82 | 923.36 | 927.91 | 932.45 |
Woodie | 844.47 | 876.73 | 894.04 | 926.30 | 943.61 | 975.87 | 993.18 |
Fibonacci | 879.22 | 898.16 | 909.85 | 928.79 | 947.73 | 959.42 | 978.36 |
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): | 56.80 | |
MACD (12,26,9): | 1.5300 | |
Directional Movement: | 10.65 | |
AROON (14): | -50.00 | |
DEMA (21): | 960.22 | |
Parabolic SAR (0,02-0,02-0,2): | 967.31 | |
Elder Ray (13): | 1.95 | |
Super Trend (3,10): | 964.39 | |
Zig ZAG (10): | 960.40 | |
VORTEX (21): | 1.1000 | |
Stochastique (14,3,5): | 39.67 | |
TEMA (21): | 958.77 | |
Williams %R (14): | -58.11 | |
Chande Momentum Oscillator (20): | -3.12 | |
Repulse (5,40,3): | 0.3100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0300 | |
Courbe Coppock: | 0.55 |
MA7: | 952.83 | |
MA20: | 939.77 | |
MA50: | 943.88 | |
MA100: | 932.57 | |
MAexp7: | 958.53 | |
MAexp20: | 957.74 | |
MAexp50: | 952.73 | |
MAexp100: | 946.81 | |
Price / MA7: | +0.77% | |
Price / MA20: | +2.17% | |
Price / MA50: | +1.72% | |
Price / MA100: | +2.96% | |
Price / MAexp7: | +0.17% | |
Price / MAexp20: | +0.25% | |
Price / MAexp50: | +0.78% | |
Price / MAexp100: | +1.41% |
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
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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