NEO - NEO/USD - 1H - Technical analysis published on 10/14/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 17.78 USD
My targets
17.06 USD (-1.73%)
16.47 USD (-5.13%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NEO - NEO/USD as long as the price remains well below 17.78 USD. The sellers” bearish objective is set at 17.06 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 16.47 USD. In case of crossing, the next objective would be the support located at 16.17 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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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 17.36 USD. On the day, this instrument lost -1.25% and was traded between 17.25 USD and 17.78 USD over the period. The price is currently at +0.64% from its lowest and -2.36% from its highest.17.25
17.78
17.36
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of NEO - NEO/USD in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Piercing line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.17 | 16.47 | 17.06 | 17.36 | 17.38 | 17.78 | 18.01 |
| Change (%) | -6.85% | -5.13% | -1.73% | - | +0.12% | +2.42% | +3.74% |
| Change | -1.19 | -0.89 | -0.30 | - | +0.02 | +0.42 | +0.65 |
| Level | Intermediate | Major | Minor | - | Major | Minor | Minor |
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 | 16.64 | 17.02 | 17.30 | 17.68 | 17.96 | 18.34 | 18.62 |
| Camarilla | 17.40 | 17.46 | 17.52 | 17.58 | 17.64 | 17.70 | 17.76 |
| Woodie | 16.59 | 17.00 | 17.25 | 17.66 | 17.91 | 18.32 | 18.57 |
| Fibonacci | 17.02 | 17.27 | 17.43 | 17.68 | 17.93 | 18.09 | 18.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.00 | 15.01 | 16.29 | 17.30 | 18.58 | 19.59 | 20.87 |
| Camarilla | 16.93 | 17.14 | 17.35 | 17.56 | 17.77 | 17.98 | 18.19 |
| Woodie | 14.13 | 15.08 | 16.42 | 17.37 | 18.71 | 19.66 | 21.00 |
| Fibonacci | 15.01 | 15.89 | 16.43 | 17.30 | 18.18 | 18.72 | 19.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.44 | 13.09 | 15.44 | 13.09 | 15.44 | 13.09 | 15.44 |
| Camarilla | 17.80 | 17.80 | 17.80 | 17.80 | 17.80 | 17.80 | 17.80 |
| Woodie | 17.80 | 14.27 | 17.80 | 14.27 | 17.80 | 14.27 | 17.80 |
| Fibonacci | 13.09 | 13.09 | 13.09 | 13.09 | 13.09 | 13.09 | 13.09 |
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): | 38.91 | |
| MACD (12,26,9): | -0.1300 | |
| Directional Movement: | -20.61 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 17.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.69 | |
| Elder Ray (13): | -0.14 | |
| Super Trend (3,10): | 17.74 | |
| Zig ZAG (10): | 17.36 | |
| VORTEX (21): | 0.7200 | |
| Stochastique (14,3,5): | 13.84 | |
| TEMA (21): | 17.33 | |
| Williams %R (14): | -79.25 | |
| Chande Momentum Oscillator (20): | -0.11 | |
| Repulse (5,40,3): | -0.3900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 2.61 |
| MA7: | 16.64 | |
| MA20: | 17.93 | |
| MA50: | 19.35 | |
| MA100: | 16.26 | |
| MAexp7: | 17.42 | |
| MAexp20: | 17.57 | |
| MAexp50: | 17.72 | |
| MAexp100: | 17.71 | |
| Price / MA7: | +4.33% | |
| Price / MA20: | -3.18% | |
| Price / MA50: | -10.28% | |
| Price / MA100: | +6.77% | |
| Price / MAexp7: | -0.34% | |
| Price / MAexp20: | -1.20% | |
| Price / MAexp50: | -2.03% | |
| Price / MAexp100: | -1.98% |
Quotes :
2020-10-14 13:04:18
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Real time data
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