NEO - NEO/USD - 1H - Technical analysis published on 05/14/2021 (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
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
78%
6%
17%
My opinion
Bullish above 96.56 USD
My targets
110.29 USD (+9.59%)
119.41 USD (+18.65%)
My analysis
The strong short-term increase in NEO - NEO/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 96.56 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 110.29 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 119.41 USD as an objective. Crossing it would then enable buyers to target 132.26 USD. Caution, a return under 96.56 USD could jeopardize the reversal.
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
2.7
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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 price is 100.64 USD. The price registered an increase of +4.00% on the session and was between 95.23 USD and 101.42 USD. This implies that the price is at +5.68% from its lowest and at -0.77% from its highest.95.23
101.42
100.64
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 NEO - NEO/USD:
Technical
Technical analysis of NEO - NEO/USD in 1H shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently positioned 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
Parabolic SAR indicator bullish reversal
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 a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 79.60 | 89.52 | 96.56 | 100.64 | 110.29 | 119.41 | 132.26 |
| Change (%) | -20.91% | -11.05% | -4.05% | - | +9.59% | +18.65% | +31.42% |
| Change | -21.04 | -11.12 | -4.08 | - | +9.65 | +18.77 | +31.62 |
| Level | Major | Intermediate | Intermediate | - | Major | Major | 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 | 77.33 | 83.35 | 90.06 | 96.08 | 102.79 | 108.81 | 115.52 |
| Camarilla | 93.27 | 94.44 | 95.60 | 96.77 | 97.94 | 99.10 | 100.27 |
| Woodie | 77.68 | 83.52 | 90.41 | 96.25 | 103.14 | 108.98 | 115.87 |
| Fibonacci | 83.35 | 88.21 | 91.22 | 96.08 | 100.94 | 103.95 | 108.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.99 | 70.53 | 93.45 | 116.99 | 139.91 | 163.45 | 186.37 |
| Camarilla | 103.60 | 107.86 | 112.12 | 116.38 | 120.64 | 124.90 | 129.16 |
| Woodie | 46.69 | 70.38 | 93.15 | 116.84 | 139.61 | 163.30 | 186.07 |
| Fibonacci | 70.53 | 88.27 | 99.24 | 116.99 | 134.73 | 145.70 | 163.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -30.01 | 9.93 | 53.51 | 93.45 | 137.03 | 176.97 | 220.55 |
| Camarilla | 74.12 | 81.78 | 89.43 | 97.09 | 104.75 | 112.40 | 120.06 |
| Woodie | -28.19 | 10.84 | 55.33 | 94.36 | 138.85 | 177.88 | 222.37 |
| Fibonacci | 9.93 | 41.84 | 61.55 | 93.45 | 125.36 | 145.07 | 176.97 |
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): | 56.06 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -7.35 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 96.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 89.58 | |
| Elder Ray (13): | 2.48 | |
| Super Trend (3,10): | 101.85 | |
| Zig ZAG (10): | 100.88 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 94.93 | |
| TEMA (21): | 98.85 | |
| Williams %R (14): | -3.85 | |
| Chande Momentum Oscillator (20): | 6.89 | |
| Repulse (5,40,3): | 3.3000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 9.77 |
| MA7: | 106.80 | |
| MA20: | 102.90 | |
| MA50: | 82.29 | |
| MA100: | 60.70 | |
| MAexp7: | 98.62 | |
| MAexp20: | 97.43 | |
| MAexp50: | 99.96 | |
| MAexp100: | 104.01 | |
| Price / MA7: | -5.77% | |
| Price / MA20: | -2.20% | |
| Price / MA50: | +22.30% | |
| Price / MA100: | +65.80% | |
| Price / MAexp7: | +2.05% | |
| Price / MAexp20: | +3.29% | |
| Price / MAexp50: | +0.68% | |
| Price / MAexp100: | -3.24% |
Quotes :
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Real time data
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