NORDSTROM INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	JWN
ISIN:

NORDSTROM INC. - Weekly - Technical analysis published on 07/13/2024 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 21.27 USD

My targets

24.95 USD (+6.26%)

28.93 USD (+23.21%)

My analysis

The bullish trend is currently very strong on NORDSTROM INC.. As long as the price remains above the support at 21.27 USD, you could try to benefit from the boom. The first bullish objective is located at 24.95 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 28.93 USD as an objective. Crossing it would then enable buyers to target 31.97 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.

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

8.8

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. The price is up +7.56% over 5 days and has been traded over the last 5 days between 21.33 USD and 23.74 USD. This implies that the 5 day price is +10.08% from its lowest point and -1.10% from its highest point.

21.33

23.74

23.48

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

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 Weekly chart of NORDSTROM INC. indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Weekly

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

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 Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.78	17.87	21.27	23.48	24.95	28.93	31.97
Change (%)	-54.09%	-23.89%	-9.41%	-	+6.26%	+23.21%	+36.16%
Change	-12.70	-5.61	-2.21	-	+1.47	+5.45	+8.49
Level	Major	Intermediate	Major	-	Intermediate	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

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	20.10	20.60	21.21	21.71	22.32	22.82	23.43
Camarilla	21.53	21.63	21.73	21.83	21.93	22.03	22.14
Woodie	20.17	20.63	21.28	21.74	22.39	22.85	23.50
Fibonacci	20.60	21.02	21.28	21.71	22.13	22.39	22.82

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	68.26
MACD (12,26,9):	1.2100
Directional Movement:	16.95
AROON (14):	85.71
DEMA (21):	22.00
Parabolic SAR (0,02-0,02-0,2):	18.66
Elder Ray (13):	1.38
Super Trend (3,10):	17.52
Zig ZAG (10):	23.48
VORTEX (21):	1.0800
Stochastique (14,3,5):	79.38
TEMA (21):	22.54
Williams %R (14):	-3.82
Chande Momentum Oscillator (20):	4.72
Repulse (5,40,3):	11.3000
ROCnROLL:	1
TRIX (15,9):	0.8400
Courbe Coppock:	32.57

MA7:	22.21
MA20:	21.65
MA50:	21.25
MA100:	20.09
MAexp7:	21.81
MAexp20:	20.47
MAexp50:	19.03
MAexp100:	19.05
Price / MA7:	+5.72%
Price / MA20:	+8.45%
Price / MA50:	+10.49%
Price / MA100:	+16.87%
Price / MAexp7:	+7.66%
Price / MAexp20:	+14.70%
Price / MAexp50:	+23.38%
Price / MAexp100:	+23.25%

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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