NASDAQ HEALTH CARE - Daily - Technical analysis published on 07/07/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 935.50 USD
My targets
913.85 USD (-1.11%)
890.35 USD (-3.66%)
My analysis
NASDAQ HEALTH CARE is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 935.50 USD. The next support located at 913.85 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 890.35 USD. Below this support, sellers could then target 862.15 USD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.5
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
NASDAQ HEALTH CARE rating 924.15 USD. The price registered a decrease of -0.04% on the session and was between 919.19 USD and 927.07 USD. This implies that the price is at +0.54% from its lowest and at -0.31% from its highest.919.19
927.07
924.15
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NASDAQ HEALTH CARE in Daily shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 10 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
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 862.15 | 890.35 | 913.85 | 924.15 | 935.50 | 966.08 | 1,140.92 |
| Change (%) | -6.71% | -3.66% | -1.11% | - | +1.23% | +4.54% | +23.46% |
| Change | -62.00 | -33.80 | -10.30 | - | +11.35 | +41.93 | +216.77 |
| Level | Major | Intermediate | Major | - | Intermediate | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 909.64 | 914.42 | 919.47 | 924.25 | 929.30 | 934.08 | 939.13 |
| Camarilla | 921.83 | 922.73 | 923.63 | 924.53 | 925.43 | 926.33 | 927.23 |
| Woodie | 909.79 | 914.49 | 919.62 | 924.32 | 929.45 | 934.15 | 939.28 |
| Fibonacci | 914.42 | 918.17 | 920.49 | 924.25 | 928.00 | 930.32 | 934.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 911.19 | 919.09 | 931.88 | 939.78 | 952.57 | 960.47 | 973.26 |
| Camarilla | 938.99 | 940.89 | 942.78 | 944.68 | 946.58 | 948.47 | 950.37 |
| Woodie | 913.65 | 920.31 | 934.34 | 941.00 | 955.03 | 961.69 | 975.72 |
| Fibonacci | 919.09 | 926.99 | 931.87 | 939.78 | 947.68 | 952.56 | 960.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 854.34 | 883.29 | 913.98 | 942.93 | 973.62 | 1,002.57 | 1,033.26 |
| Camarilla | 928.28 | 933.75 | 939.21 | 944.68 | 950.15 | 955.61 | 961.08 |
| Woodie | 855.22 | 883.73 | 914.86 | 943.37 | 974.50 | 1,003.01 | 1,034.14 |
| Fibonacci | 883.29 | 906.07 | 920.14 | 942.93 | 965.71 | 979.78 | 1,002.57 |
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): | 40.00 | |
| MACD (12,26,9): | -3.0200 | |
| Directional Movement: | -13.36 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 936.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 954.98 | |
| Elder Ray (13): | -13.82 | |
| Super Trend (3,10): | 954.55 | |
| Zig ZAG (10): | 924.15 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 13.93 | |
| TEMA (21): | 932.12 | |
| Williams %R (14): | -90.53 | |
| Chande Momentum Oscillator (20): | -33.82 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 3.82 |
| MA7: | 934.45 | |
| MA20: | 943.62 | |
| MA50: | 941.33 | |
| MA100: | 930.95 | |
| MAexp7: | 932.97 | |
| MAexp20: | 938.86 | |
| MAexp50: | 938.93 | |
| MAexp100: | 933.72 | |
| Price / MA7: | -1.10% | |
| Price / MA20: | -2.06% | |
| Price / MA50: | -1.83% | |
| Price / MA100: | -0.73% | |
| Price / MAexp7: | -0.95% | |
| Price / MAexp20: | -1.57% | |
| Price / MAexp50: | -1.57% | |
| Price / MAexp100: | -1.02% |
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.
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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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