NOVARTIS N - 1H - Technical analysis published on 02/23/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 80.0371 CHF
My targets
82.0300 CHF (+1.61%)
83.1667 CHF (+3.02%)
My analysis
A bullish trend on NOVARTIS N both in substance and in the short term. A purchase could be considered as long as the price remains above 80.0371 CHF. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 82.0300 CHF. Then the price could move towards 83.1667 CHF. Then 85.3267 CHF by extension. Be careful, a return below 80.0371 CHF would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.5
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Additional analysis
Quotes
The NOVARTIS N rating is 80.7300 CHF. On the day, this instrument lost -0.48% and was traded between 80.1300 CHF and 81.1400 CHF over the period. The price is currently at +0.75% from its lowest and -0.51% from its highest.80.1300
81.1400
80.7300
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 NOVARTIS N:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NOVARTIS N indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 78.2220 | 79.2540 | 80.0371 | 80.7300 | 81.1041 | 82.0300 | 83.1667 |
| Change (%) | -3.11% | -1.83% | -0.86% | - | +0.46% | +1.61% | +3.02% |
| Change | -2.5080 | -1.4760 | -0.6929 | - | +0.3741 | +1.3000 | +2.4367 |
| Level | Major | Intermediate | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.2633 | 79.8067 | 80.4633 | 81.0067 | 81.6633 | 82.2067 | 82.8633 |
| Camarilla | 80.7900 | 80.9000 | 81.0100 | 81.1200 | 81.2300 | 81.3400 | 81.4500 |
| Woodie | 79.3200 | 79.8350 | 80.5200 | 81.0350 | 81.7200 | 82.2350 | 82.9200 |
| Fibonacci | 79.8067 | 80.2651 | 80.5483 | 81.0067 | 81.4651 | 81.7483 | 82.2067 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.5833 | 78.4167 | 79.3533 | 80.1867 | 81.1233 | 81.9567 | 82.8933 |
| Camarilla | 79.8033 | 79.9655 | 80.1278 | 80.2900 | 80.4523 | 80.6145 | 80.7768 |
| Woodie | 77.6350 | 78.4425 | 79.4050 | 80.2125 | 81.1750 | 81.9825 | 82.9450 |
| Fibonacci | 78.4167 | 79.0928 | 79.5105 | 80.1867 | 80.8628 | 81.2805 | 81.9567 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 76.4367 | 79.2333 | 80.8467 | 83.6433 | 85.2567 | 88.0533 | 89.6667 |
| Camarilla | 81.2473 | 81.6515 | 82.0558 | 82.4600 | 82.8643 | 83.2685 | 83.6728 |
| Woodie | 75.8450 | 78.9375 | 80.2550 | 83.3475 | 84.6650 | 87.7575 | 89.0750 |
| Fibonacci | 79.2333 | 80.9180 | 81.9587 | 83.6433 | 85.3280 | 86.3687 | 88.0533 |
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): | 54.43 | |
| MACD (12,26,9): | 0.0860 | |
| Directional Movement: | 6.3871 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 80.8098 | |
| Parabolic SAR (0,02-0,02-0,2): | 81.0585 | |
| Elder Ray (13): | 0.1450 | |
| Super Trend (3,10): | 81.2351 | |
| Zig ZAG (10): | 80.8300 | |
| VORTEX (21): | 1.0501 | |
| Stochastique (14,3,5): | 47.18 | |
| TEMA (21): | 80.7680 | |
| Williams %R (14): | -53.52 | |
| Chande Momentum Oscillator (20): | -0.5500 | |
| Repulse (5,40,3): | 0.3246 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0261 | |
| Courbe Coppock: | 0.30 |
| MA7: | 80.4014 | |
| MA20: | 80.4275 | |
| MA50: | 83.0100 | |
| MA100: | 81.7082 | |
| MAexp7: | 80.6893 | |
| MAexp20: | 80.6675 | |
| MAexp50: | 80.4838 | |
| MAexp100: | 80.5183 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | +0.38% | |
| Price / MA50: | -2.75% | |
| Price / MA100: | -1.20% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.26% |
Quotes :
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15 min delayed data
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Switzerland SWX Stocks
News
Don't forget to follow the news on NOVARTIS N. At the time of publication of this analysis, the latest news was as follows:
- Thinking about trading options or stock in AstraZeneca, Jacobs Solutions, J M Smucker, Tesla, or Novartis?
- INVESTIGATION NOTICE: The Schall Law Firm Encourages Investors in Novartis AG with Losses of $100,000 to Contact the Firm
- INVESTIGATION ALERT: The Schall Law Firm Encourages Investors in Novartis AG with Losses of $100,000 to Contact the Firm
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors Novartis AG - NVS
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors Novartis AG - NVS
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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