NEO - NEO/USD - 1H - Technical analysis published on 08/05/2020 (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
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 12.72 USD
My targets
13.23 USD (+2.93%)
13.50 USD (+5.06%)
My analysis
NEO - NEO/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 12.72 USD. The next resistance located at 13.23 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 13.50 USD. After this resistance, buyers could then target 13.73 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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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 NEO - NEO/USD rating is 12.85 USD. The price registered an increase of +1.74% on the session and was traded between 12.39 USD and 12.94 USD over the period. The price is currently at +3.71% from its lowest and -0.70% from its highest.12.39
12.94
12.85
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this NEO - NEO/USD chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
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 : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
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 | 11.86 | 12.45 | 12.72 | 12.85 | 13.50 | 13.73 | 14.39 |
| Change (%) | -7.70% | -3.11% | -1.01% | - | +5.06% | +6.85% | +11.98% |
| Change | -0.99 | -0.40 | -0.13 | - | +0.65 | +0.88 | +1.54 |
| Level | Major | Major | Major | - | Minor | Intermediate | Minor |
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 | 10.70 | 11.06 | 11.30 | 11.66 | 11.90 | 12.26 | 12.50 |
| Camarilla | 11.38 | 11.43 | 11.49 | 11.54 | 11.60 | 11.65 | 11.71 |
| Woodie | 10.64 | 11.03 | 11.24 | 11.63 | 11.84 | 12.23 | 12.44 |
| Fibonacci | 11.06 | 11.29 | 11.43 | 11.66 | 11.89 | 12.03 | 12.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.04 | 9.95 | 11.69 | 12.60 | 14.34 | 15.25 | 16.99 |
| Camarilla | 12.71 | 12.95 | 13.20 | 13.44 | 13.68 | 13.93 | 14.17 |
| Woodie | 9.47 | 10.16 | 12.12 | 12.81 | 14.77 | 15.46 | 17.42 |
| Fibonacci | 9.95 | 10.96 | 11.58 | 12.60 | 13.61 | 14.23 | 15.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.43 | 11.42 | 12.03 | 12.02 | 12.63 | 12.62 | 13.23 |
| Camarilla | 12.47 | 12.52 | 12.58 | 12.63 | 12.69 | 12.74 | 12.80 |
| Woodie | 11.73 | 11.58 | 12.33 | 12.18 | 12.93 | 12.78 | 13.53 |
| Fibonacci | 11.42 | 11.65 | 11.79 | 12.02 | 12.25 | 12.39 | 12.62 |
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): | 55.74 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 10.32 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 12.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.59 | |
| Elder Ray (13): | 0.25 | |
| Super Trend (3,10): | 12.20 | |
| Zig ZAG (10): | 12.87 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 97.38 | |
| TEMA (21): | 12.72 | |
| Williams %R (14): | -6.11 | |
| Chande Momentum Oscillator (20): | 0.31 | |
| Repulse (5,40,3): | 0.3900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 2.09 |
| MA7: | 12.51 | |
| MA20: | 11.73 | |
| MA50: | 10.96 | |
| MA100: | 10.71 | |
| MAexp7: | 12.72 | |
| MAexp20: | 12.61 | |
| MAexp50: | 12.55 | |
| MAexp100: | 12.44 | |
| Price / MA7: | +2.72% | |
| Price / MA20: | +9.55% | |
| Price / MA50: | +17.24% | |
| Price / MA100: | +19.98% | |
| Price / MAexp7: | +1.02% | |
| Price / MAexp20: | +1.90% | |
| Price / MAexp50: | +2.39% | |
| Price / MAexp100: | +3.30% |
Quotes :
2020-08-05 12:40:37
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Real time data
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