NORDSTROM INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

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Type:	Stocks
Ticker:	JWN
ISIN:

NORDSTROM INC. - 1H - Technical analysis published on 07/13/2024 (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

61%

11%

28%

My opinion

Bullish above 23.35 USD

My targets

23.65 USD (+0.72%)

24.95 USD (+6.26%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NORDSTROM INC. as long as the price remains well above 23.35 USD. The buyers' bullish objective is set at 23.65 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 24.95 USD. If there is any crossing, the next objective would be the resistance located at 28.93 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.7

Comment on the analysis

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 jarias81197. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NORDSTROM INC. rating 23.48 USD. On the day, this instrument gained +0.39% and was between 23.09 USD and 23.74 USD. This implies that the price is at +1.69% from its lowest and at -1.10% from its highest.

23.09

23.74

23.48

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of NORDSTROM INC. indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22.58	22.82	23.35	23.48	23.65	24.95	28.93
Change (%)	-3.83%	-2.81%	-0.55%	-	+0.72%	+6.26%	+23.21%
Change	-0.90	-0.66	-0.13	-	+0.17	+1.47	+5.45
Level	Minor	Intermediate	Minor	-	Intermediate	Intermediate	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	22.48	22.79	23.13	23.44	23.78	24.09	24.43
Camarilla	23.30	23.36	23.42	23.48	23.54	23.60	23.66
Woodie	22.51	22.80	23.16	23.45	23.81	24.10	24.46
Fibonacci	22.79	23.04	23.19	23.44	23.69	23.84	24.09

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.42	20.33	21.91	22.82	24.40	25.31	26.89
Camarilla	22.80	23.02	23.25	23.48	23.71	23.94	24.17
Woodie	19.75	20.50	22.24	22.99	24.73	25.48	27.22
Fibonacci	20.33	21.29	21.87	22.82	23.78	24.36	25.31

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.53	19.12	20.17	21.76	22.81	24.40	25.45
Camarilla	20.49	20.74	20.98	21.22	21.46	21.70	21.95
Woodie	17.26	18.99	19.90	21.63	22.54	24.27	25.18
Fibonacci	19.12	20.13	20.75	21.76	22.77	23.39	24.40

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):	69.33
MACD (12,26,9):	0.4800
Directional Movement:	28.78
AROON (14):	100.00
DEMA (21):	23.53
Parabolic SAR (0,02-0,02-0,2):	23.26
Elder Ray (13):	0.41
Super Trend (3,10):	22.79
Zig ZAG (10):	23.49
VORTEX (21):	1.1900
Stochastique (14,3,5):	92.65
TEMA (21):	23.77
Williams %R (14):	-16.50
Chande Momentum Oscillator (20):	0.80
Repulse (5,40,3):	-0.2600
ROCnROLL:	1
TRIX (15,9):	0.2700
Courbe Coppock:	12.87

MA7:	22.21
MA20:	21.65
MA50:	21.25
MA100:	20.09
MAexp7:	23.45
MAexp20:	22.93
MAexp50:	22.31
MAexp100:	21.93
Price / MA7:	+5.72%
Price / MA20:	+8.45%
Price / MA50:	+10.49%
Price / MA100:	+16.87%
Price / MAexp7:	+0.17%
Price / MAexp20:	+2.44%
Price / MAexp50:	+5.29%
Price / MAexp100:	+7.11%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on NORDSTROM INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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