NEO - NEO/USD - 1H - Technical analysis published on 11/13/2020 (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
78%
0%
22%
My opinion
Bullish above 15.69 USD
My targets
16.47 USD (+3.32%)
18.08 USD (+13.43%)
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 15.69 USD. The next resistance located at 16.47 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 18.08 USD. After this resistance, buyers could then target 18.70 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
8.6
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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
NEO - NEO/USD rating 15.94 USD. The price has increased by +3.17% since the last closing and was between 15.40 USD and 16.12 USD. This implies that the price is at +3.51% from its lowest and at -1.12% from its highest.15.40
16.12
15.94
A study of price movements over other periods shows the following variations:
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. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
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 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.88 | 15.26 | 15.69 | 15.94 | 15.99 | 16.47 | 18.70 |
| Change (%) | -6.65% | -4.27% | -1.57% | - | +0.31% | +3.32% | +17.31% |
| Change | -1.06 | -0.68 | -0.25 | - | +0.05 | +0.53 | +2.76 |
| Level | Intermediate | Intermediate | Minor | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.35 | 14.80 | 15.12 | 15.57 | 15.89 | 16.34 | 16.66 |
| Camarilla | 15.24 | 15.31 | 15.38 | 15.45 | 15.52 | 15.59 | 15.66 |
| Woodie | 14.30 | 14.77 | 15.07 | 15.54 | 15.84 | 16.31 | 16.61 |
| Fibonacci | 14.80 | 15.09 | 15.27 | 15.57 | 15.86 | 16.04 | 16.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.27 | 11.88 | 13.37 | 14.98 | 16.47 | 18.08 | 19.57 |
| Camarilla | 14.01 | 14.29 | 14.58 | 14.86 | 15.14 | 15.43 | 15.71 |
| Woodie | 10.21 | 11.85 | 13.31 | 14.95 | 16.41 | 18.05 | 19.51 |
| Fibonacci | 11.88 | 13.06 | 13.80 | 14.98 | 16.16 | 16.90 | 18.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.04 | 10.02 | 12.37 | 16.35 | 18.70 | 22.68 | 25.03 |
| Camarilla | 12.97 | 13.55 | 14.13 | 14.71 | 15.29 | 15.87 | 16.45 |
| Woodie | 5.22 | 9.61 | 11.55 | 15.94 | 17.88 | 22.27 | 24.21 |
| Fibonacci | 10.02 | 12.44 | 13.94 | 16.35 | 18.77 | 20.27 | 22.68 |
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): | 57.84 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 15.70 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 15.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.55 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 15.56 | |
| Zig ZAG (10): | 15.92 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 72.69 | |
| TEMA (21): | 15.93 | |
| Williams %R (14): | -23.61 | |
| Chande Momentum Oscillator (20): | 0.45 | |
| Repulse (5,40,3): | 0.7700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 4.75 |
| MA7: | 15.43 | |
| MA20: | 15.49 | |
| MA50: | 17.12 | |
| MA100: | 17.70 | |
| MAexp7: | 15.88 | |
| MAexp20: | 15.73 | |
| MAexp50: | 15.64 | |
| MAexp100: | 15.56 | |
| Price / MA7: | +3.31% | |
| Price / MA20: | +2.91% | |
| Price / MA50: | -6.89% | |
| Price / MA100: | -9.94% | |
| Price / MAexp7: | +0.38% | |
| Price / MAexp20: | +1.34% | |
| Price / MAexp50: | +1.92% | |
| Price / MAexp100: | +2.44% |
Quotes :
2020-11-13 17:35:43
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Real time data
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