NORTHANN CORP. - 1H - Technical analysis published on 12/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 11.30 USD
My targets
12.59 USD (+9.22%)
13.90 USD (+20.53%)
My analysis
The bullish trend is currently very strong on NORTHANN CORP.. As long as the price remains above the support at 11.30 USD, you could try to benefit from the boom. The first bullish objective is located at 12.59 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 13.90 USD as an objective. Crossing it would then enable buyers to target 19.99 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.
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
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NORTHANN CORP. rating 11.53 USD. The price is lower by -3.43% since the last closing and was between 11.02 USD and 11.55 USD. This implies that the price is at +4.63% from its lowest and at -0.17% from its highest.11.02
11.55
11.53
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NORTHANN CORP.:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this NORTHANN CORP. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 4.58 | 8.53 | 11.30 | 11.53 | 19.99 | 22.40 |
| Change (%) | -60.26% | -26.02% | -1.99% | - | +73.37% | +94.28% |
| Change | -6.95 | -3.00 | -0.23 | - | +8.46 | +10.87 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major |
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 | 10.34 | 10.66 | 11.30 | 11.62 | 12.26 | 12.58 | 13.22 |
| Camarilla | 11.68 | 11.76 | 11.85 | 11.94 | 12.03 | 12.12 | 12.20 |
| Woodie | 10.50 | 10.74 | 11.46 | 11.70 | 12.42 | 12.66 | 13.38 |
| Fibonacci | 10.66 | 11.03 | 11.25 | 11.62 | 11.99 | 12.21 | 12.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.85 | 7.16 | 9.22 | 10.53 | 12.59 | 13.90 | 15.96 |
| Camarilla | 10.36 | 10.67 | 10.98 | 11.29 | 11.60 | 11.91 | 12.22 |
| Woodie | 6.24 | 7.35 | 9.61 | 10.72 | 12.98 | 14.09 | 16.35 |
| Fibonacci | 7.16 | 8.44 | 9.24 | 10.53 | 11.81 | 12.61 | 13.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -16.24 | -5.85 | 1.61 | 12.00 | 19.46 | 29.85 | 37.31 |
| Camarilla | 4.15 | 5.79 | 7.42 | 9.06 | 10.70 | 12.33 | 13.97 |
| Woodie | -17.72 | -6.58 | 0.14 | 11.27 | 17.99 | 29.12 | 35.84 |
| Fibonacci | -5.85 | 0.97 | 5.19 | 12.00 | 18.82 | 23.04 | 29.85 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.36 | |
| MACD (12,26,9): | 0.2300 | |
| Directional Movement: | 20.90 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 11.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.02 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 10.56 | |
| Zig ZAG (10): | 11.28 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 60.58 | |
| TEMA (21): | 11.47 | |
| Williams %R (14): | -58.41 | |
| Chande Momentum Oscillator (20): | 0.23 | |
| Repulse (5,40,3): | 3.3400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2800 | |
| Courbe Coppock: | 5.06 |
| MA7: | 11.03 | |
| MA20: | 10.01 | |
| MA50: | 0.00 | |
| MA100: | 0.00 | |
| MAexp7: | 11.47 | |
| MAexp20: | 11.20 | |
| MAexp50: | 10.73 | |
| MAexp100: | 10.16 | |
| Price / MA7: | +4.53% | |
| Price / MA20: | +15.18% | |
| Price / MA50: | - | |
| Price / MA100: | - | |
| Price / MAexp7: | +0.52% | |
| Price / MAexp20: | +2.95% | |
| Price / MAexp50: | +7.46% | |
| Price / MAexp100: | +13.48% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
News
The latest news and videos published on NORTHANN CORP. at the time of the analysis were as follows:
- Northann Corp. Announces Closing of $6,000,000 Initial Public Offering
- Northann Corp. Announces Pricing of $6,000,000 Initial Public Offering
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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