NORDSTROM INC. - Daily - Technical analysis published on 11/29/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 38.30 USD
My targets
40.62 USD (+6.00%)
43.93 USD (+14.64%)
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 38.30 USD. The buyers” bullish objective is set at 40.62 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 43.93 USD. If there is any crossing, the next objective would be the resistance located at 45.68 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NORDSTROM INC. rating is 38.32 USD. The price registered an increase of +0.37% on the session and was traded between 37.67 USD and 38.55 USD over the period. The price is currently at +1.73% from its lowest and -0.60% from its highest.37.67
38.55
38.32
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NORDSTROM INC.:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on NORDSTROM INC. were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in Daily of this NORDSTROM INC. chart shows a strongly bullish trend. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 28.78 | 33.21 | 38.30 | 38.32 | 40.62 | 43.93 | 45.68 |
| Change (%) | -24.90% | -13.34% | -0.05% | - | +6.00% | +14.64% | +19.21% |
| Change | -9.54 | -5.11 | -0.02 | - | +2.30 | +5.61 | +7.36 |
| Level | Major | Intermediate | Major | - | Minor | 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 | 36.72 | 37.22 | 37.70 | 38.21 | 38.69 | 39.19 | 39.67 |
| Camarilla | 37.91 | 38.00 | 38.09 | 38.18 | 38.27 | 38.36 | 38.45 |
| Woodie | 36.70 | 37.21 | 37.69 | 38.20 | 38.67 | 39.18 | 39.66 |
| Fibonacci | 37.22 | 37.60 | 37.83 | 38.21 | 38.58 | 38.81 | 39.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.25 | 30.32 | 33.95 | 36.02 | 39.66 | 41.73 | 45.36 |
| Camarilla | 36.01 | 36.54 | 37.06 | 37.58 | 38.11 | 38.63 | 39.15 |
| Woodie | 29.03 | 30.71 | 34.73 | 36.41 | 40.43 | 42.12 | 46.14 |
| Fibonacci | 30.32 | 32.50 | 33.85 | 36.02 | 38.20 | 39.55 | 41.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.32 | 27.47 | 31.51 | 34.66 | 38.70 | 41.85 | 45.89 |
| Camarilla | 33.58 | 34.23 | 34.89 | 35.55 | 36.21 | 36.87 | 37.53 |
| Woodie | 24.77 | 27.69 | 31.96 | 34.88 | 39.15 | 42.07 | 46.34 |
| Fibonacci | 27.47 | 30.22 | 31.91 | 34.66 | 37.41 | 39.10 | 41.85 |
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): | 60.40 | |
| MACD (12,26,9): | 0.6500 | |
| Directional Movement: | 6.51 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 37.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 32.99 | |
| Elder Ray (13): | 1.25 | |
| Super Trend (3,10): | 33.45 | |
| Zig ZAG (10): | 38.32 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 93.47 | |
| TEMA (21): | 37.29 | |
| Williams %R (14): | -6.17 | |
| Chande Momentum Oscillator (20): | 1.25 | |
| Repulse (5,40,3): | 3.5800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2300 | |
| Courbe Coppock: | 2.98 |
| MA7: | 36.40 | |
| MA20: | 36.59 | |
| MA50: | 34.94 | |
| MA100: | 32.25 | |
| MAexp7: | 37.25 | |
| MAexp20: | 36.54 | |
| MAexp50: | 35.14 | |
| MAexp100: | 34.34 | |
| Price / MA7: | +5.27% | |
| Price / MA20: | +4.73% | |
| Price / MA50: | +9.67% | |
| Price / MA100: | +18.82% | |
| Price / MAexp7: | +2.87% | |
| Price / MAexp20: | +4.87% | |
| Price / MAexp50: | +9.05% | |
| Price / MAexp100: | +11.59% |
News
The latest news and videos published on NORDSTROM INC. at the time of the analysis were as follows:
-
What Investors Need to Know About Nordstrom, Disney and Tesla
- Nordstrom Kicks Off The Season Of Giving
- Nordstrom Expands In New York City With Opening Of Flagship Store
- Nordstrom Partners With Good+Foundation To Help New York City Families In Need
- Nordstrom Opens Its Doors At The SoNo Collection In Norwalk, CT
This member declared not having a position on this financial instrument or a related financial instrument.
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