NEO - NEO/USD - 1H - Technical analysis published on 06/03/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 56.79 USD
My targets
63.36 USD (+4.90%)
66.51 USD (+10.12%)
My analysis
The basic bullish trend is very strong on NEO - NEO/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 56.79 USD. Crossing the first resistance at 63.36 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 66.51 USD as an objective. Crossing it would then enable buyers to target 79.60 USD. Caution, a return to below 56.79 USD would be a sign of a consolidation phase in the short-term basic trend. 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.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
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 price is 60.40 USD. The price registered an increase of +4.50% on the session and was traded between 57.50 USD and 62.60 USD over the period. The price is currently at +5.04% from its lowest and -3.51% from its highest.57.50
62.60
60.40
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
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. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 54.83 | 56.79 | 60.23 | 60.40 | 63.36 | 66.51 | 79.60 |
| Change (%) | -9.22% | -5.98% | -0.28% | - | +4.90% | +10.12% | +31.79% |
| Change | -5.57 | -3.61 | -0.17 | - | +2.96 | +6.11 | +19.20 |
| Level | Major | Major | Minor | - | Intermediate | Intermediate | 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 | 45.91 | 49.26 | 53.53 | 56.88 | 61.15 | 64.50 | 68.77 |
| Camarilla | 55.71 | 56.40 | 57.10 | 57.80 | 58.50 | 59.20 | 59.90 |
| Woodie | 46.37 | 49.49 | 53.99 | 57.11 | 61.61 | 64.73 | 69.23 |
| Fibonacci | 49.26 | 52.17 | 53.97 | 56.88 | 59.79 | 61.59 | 64.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.97 | 20.56 | 35.34 | 50.93 | 65.71 | 81.30 | 96.08 |
| Camarilla | 41.78 | 44.56 | 47.35 | 50.13 | 52.91 | 55.70 | 58.48 |
| Woodie | 4.58 | 20.36 | 34.95 | 50.73 | 65.32 | 81.10 | 95.69 |
| Fibonacci | 20.56 | 32.16 | 39.33 | 50.93 | 62.53 | 69.70 | 81.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -89.83 | -26.85 | 14.55 | 77.53 | 118.93 | 181.91 | 223.31 |
| Camarilla | 27.24 | 36.80 | 46.37 | 55.94 | 65.51 | 75.08 | 84.65 |
| Woodie | -100.63 | -32.25 | 3.75 | 72.14 | 108.13 | 176.52 | 212.51 |
| Fibonacci | -26.85 | 13.03 | 37.66 | 77.53 | 117.41 | 142.04 | 181.91 |
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): | 59.71 | |
| MACD (12,26,9): | 1.2400 | |
| Directional Movement: | 10.95 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 61.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 59.72 | |
| Elder Ray (13): | 0.33 | |
| Super Trend (3,10): | 58.74 | |
| Zig ZAG (10): | 60.79 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 67.78 | |
| TEMA (21): | 62.05 | |
| Williams %R (14): | -30.78 | |
| Chande Momentum Oscillator (20): | 0.74 | |
| Repulse (5,40,3): | -0.3400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3600 | |
| Courbe Coppock: | 8.28 |
| MA7: | 55.03 | |
| MA20: | 63.02 | |
| MA50: | 85.27 | |
| MA100: | 65.78 | |
| MAexp7: | 61.29 | |
| MAexp20: | 60.31 | |
| MAexp50: | 58.09 | |
| MAexp100: | 56.39 | |
| Price / MA7: | +9.76% | |
| Price / MA20: | -4.16% | |
| Price / MA50: | -29.17% | |
| Price / MA100: | -8.18% | |
| Price / MAexp7: | -1.45% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +3.98% | |
| Price / MAexp100: | +7.11% |
Quotes :
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Real time data
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