NORTHERN TRUST CORP. - 1H - Technical analysis published on 11/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 103.43 USD
My targets
108.78 USD (+1.74%)
113.65 USD (+6.29%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 103.43 USD remains possible. It is advisable to trade NORTHERN TRUST CORP. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 103.43 USD. The next bullish objective for buyers is set at 108.78 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 113.65 USD. If there is any crossing, the next objective would be the resistance located at 121.71 USD. PS: if there is a bearish break in the support located at 103.43 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.8
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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 NORTHERN TRUST CORP. price is 106.92 USD. The price registered a decrease of -0.03% on the session and was between 106.83 USD and 108.46 USD. This implies that the price is at +0.08% from its lowest and at -1.42% from its highest.106.83
108.46
106.92
Here is a more detailed summary of the historical variations registered by NORTHERN TRUST CORP.:
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 this 1H chart of NORTHERN TRUST CORP. indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 94.22 | 99.07 | 103.43 | 106.92 | 108.78 | 113.65 | 121.71 |
Change (%) | -11.88% | -7.34% | -3.26% | - | +1.74% | +6.29% | +13.83% |
Change | -12.70 | -7.85 | -3.49 | - | +1.86 | +6.73 | +14.79 |
Level | Major | Minor | Major | - | Intermediate | Minor | Major |
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 | 104.85 | 105.52 | 106.23 | 106.90 | 107.61 | 108.28 | 108.99 |
Camarilla | 106.57 | 106.70 | 106.82 | 106.95 | 107.08 | 107.20 | 107.33 |
Woodie | 104.88 | 105.53 | 106.26 | 106.91 | 107.64 | 108.29 | 109.02 |
Fibonacci | 105.52 | 106.04 | 106.37 | 106.90 | 107.42 | 107.75 | 108.28 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 90.53 | 94.80 | 99.99 | 104.26 | 109.45 | 113.72 | 118.91 |
Camarilla | 102.58 | 103.45 | 104.31 | 105.18 | 106.05 | 106.91 | 107.78 |
Woodie | 90.99 | 95.03 | 100.45 | 104.49 | 109.91 | 113.95 | 119.37 |
Fibonacci | 94.80 | 98.41 | 100.65 | 104.26 | 107.87 | 110.11 | 113.72 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 74.16 | 80.93 | 90.72 | 97.49 | 107.28 | 114.05 | 123.84 |
Camarilla | 95.97 | 97.48 | 99.00 | 100.52 | 102.04 | 103.56 | 105.07 |
Woodie | 75.68 | 81.69 | 92.24 | 98.25 | 108.80 | 114.81 | 125.36 |
Fibonacci | 80.93 | 87.25 | 91.16 | 97.49 | 103.81 | 107.72 | 114.05 |
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): | 54.26 | |
MACD (12,26,9): | 0.6300 | |
Directional Movement: | 2.69 | |
AROON (14): | 64.28 | |
DEMA (21): | 108.02 | |
Parabolic SAR (0,02-0,02-0,2): | 106.67 | |
Elder Ray (13): | -0.14 | |
Super Trend (3,10): | 106.18 | |
Zig ZAG (10): | 107.20 | |
VORTEX (21): | 1.0400 | |
Stochastique (14,3,5): | 59.72 | |
TEMA (21): | 107.87 | |
Williams %R (14): | -55.26 | |
Chande Momentum Oscillator (20): | -0.24 | |
Repulse (5,40,3): | -0.6900 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.1000 | |
Courbe Coppock: | 1.36 |
MA7: | 105.60 | |
MA20: | 101.77 | |
MA50: | 94.93 | |
MA100: | 90.23 | |
MAexp7: | 107.56 | |
MAexp20: | 107.11 | |
MAexp50: | 105.63 | |
MAexp100: | 103.46 | |
Price / MA7: | +1.25% | |
Price / MA20: | +5.06% | |
Price / MA50: | +12.63% | |
Price / MA100: | +18.50% | |
Price / MAexp7: | -0.60% | |
Price / MAexp20: | -0.18% | |
Price / MAexp50: | +1.22% | |
Price / MAexp100: | +3.34% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on NORTHERN TRUST CORP. at the time of the analysis were as follows:
- Northern Trust Grows UK Pension Assets Under Custody by More Than US$72 Billion in 2019
- Northern Trust Asset Management Launches Sustainable Quantitative Solutions
- Northern Trust Selected by Storebrand as Asset Servicing Provider for Cross-Border Distribution Through New Luxembourg Fund Range
- Northern Trust Enhances Collateral Management Services to Help Clients Optimize Performance and Meet Margin Obligations
- Northern Trust Bolsters Institutional Sales and Product Management Teams
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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