NEO - NEO/USD - 1H - Technical analysis published on 08/20/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 16.68 USD
My targets
17.55 USD (+4.34%)
19.45 USD (+15.65%)
My analysis
The bullish trend is currently very strong on NEO - NEO/USD. As long as the price remains above the support at 16.68 USD, you could try to benefit from the boom. The first bullish objective is located at 17.55 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 19.45 USD as an objective. Crossing it would then enable buyers to target 45.10 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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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 16.82 USD. On the day, this instrument gained +5.52% and was between 15.84 USD and 17.03 USD. This implies that the price is at +6.19% from its lowest and at -1.23% from its highest.15.84
17.03
16.82
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
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:
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 NEO - NEO/USD in 1H shows a strongly overall 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.95 | 15.64 | 16.68 | 16.82 | 17.55 | 45.10 | 90.69 |
| Change (%) | -11.12% | -7.02% | -0.83% | - | +4.34% | +168.13% | +439.18% |
| Change | -1.87 | -1.18 | -0.14 | - | +0.73 | +28.28 | +73.87 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | 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 | 14.04 | 14.83 | 15.39 | 16.18 | 16.74 | 17.53 | 18.09 |
| Camarilla | 15.57 | 15.69 | 15.82 | 15.94 | 16.06 | 16.19 | 16.31 |
| Woodie | 13.92 | 14.77 | 15.27 | 16.12 | 16.62 | 17.47 | 17.97 |
| Fibonacci | 14.83 | 15.35 | 15.67 | 16.18 | 16.70 | 17.02 | 17.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.30 | 11.56 | 13.35 | 14.61 | 16.40 | 17.66 | 19.45 |
| Camarilla | 14.31 | 14.59 | 14.87 | 15.15 | 15.43 | 15.71 | 15.99 |
| Woodie | 10.58 | 11.69 | 13.63 | 14.74 | 16.68 | 17.79 | 19.73 |
| Fibonacci | 11.56 | 12.72 | 13.44 | 14.61 | 15.77 | 16.49 | 17.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.87 | 8.75 | 10.51 | 11.39 | 13.15 | 14.03 | 15.79 |
| Camarilla | 11.53 | 11.78 | 12.02 | 12.26 | 12.50 | 12.74 | 12.99 |
| Woodie | 8.30 | 8.97 | 10.94 | 11.61 | 13.58 | 14.25 | 16.22 |
| Fibonacci | 8.75 | 9.76 | 10.39 | 11.39 | 12.40 | 13.03 | 14.03 |
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): | 60.61 | |
| MACD (12,26,9): | 0.2100 | |
| Directional Movement: | 13.64 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 16.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.43 | |
| Elder Ray (13): | 0.15 | |
| Super Trend (3,10): | 16.19 | |
| Zig ZAG (10): | 16.87 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 85.93 | |
| TEMA (21): | 16.98 | |
| Williams %R (14): | -14.55 | |
| Chande Momentum Oscillator (20): | 0.73 | |
| Repulse (5,40,3): | 0.4700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 10.63 |
| MA7: | 15.86 | |
| MA20: | 14.19 | |
| MA50: | 12.24 | |
| MA100: | 11.45 | |
| MAexp7: | 16.81 | |
| MAexp20: | 16.55 | |
| MAexp50: | 16.36 | |
| MAexp100: | 16.12 | |
| Price / MA7: | +6.05% | |
| Price / MA20: | +18.53% | |
| Price / MA50: | +37.42% | |
| Price / MA100: | +46.90% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +1.63% | |
| Price / MAexp50: | +2.81% | |
| Price / MAexp100: | +4.34% |
Quotes :
2020-08-20 14:31:44
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Real time data
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