NEO - NEO/USD - 1H - Technical analysis published on 06/10/2021 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 50.87 USD
My targets
54.83 USD (+4.68%)
58.29 USD (+11.28%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on NEO - NEO/USD. This is a positive signal for buyers. As long as the price remains above 50.87 USD, a purchase could be considered. The first bullish objective is located at 54.83 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 58.29 USD as an objective. Crossing it would then enable buyers to target 60.57 USD. In the event of a return below 50.87 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.3
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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 52.38 USD. The price has increased by +2.25% since the last closing and was traded between 50.85 USD and 55.08 USD over the period. The price is currently at +3.01% from its lowest and -4.90% from its highest.50.85
55.08
52.38
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
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:
Technical
Technical analysis of NEO - NEO/USD in 1H shows an overall bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 8 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 46.23 | 49.49 | 50.87 | 52.38 | 54.83 | 58.29 | 60.57 |
| Change (%) | -11.74% | -5.52% | -2.88% | - | +4.68% | +11.28% | +15.64% |
| Change | -6.15 | -2.89 | -1.51 | - | +2.45 | +5.91 | +8.19 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.82 | 44.52 | 47.88 | 49.58 | 52.94 | 54.64 | 58.00 |
| Camarilla | 49.84 | 50.30 | 50.77 | 51.23 | 51.69 | 52.16 | 52.62 |
| Woodie | 43.64 | 44.94 | 48.70 | 50.00 | 53.76 | 55.06 | 58.82 |
| Fibonacci | 44.52 | 46.46 | 47.65 | 49.58 | 51.52 | 52.71 | 54.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.06 | 39.53 | 47.66 | 55.13 | 63.26 | 70.73 | 78.86 |
| Camarilla | 51.50 | 52.93 | 54.36 | 55.79 | 57.22 | 58.65 | 60.08 |
| Woodie | 32.39 | 39.70 | 47.99 | 55.30 | 63.59 | 70.90 | 79.19 |
| Fibonacci | 39.53 | 45.49 | 49.17 | 55.13 | 61.09 | 64.77 | 70.73 |
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 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): | 58.55 | |
| MACD (12,26,9): | 0.7400 | |
| Directional Movement: | 5.44 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 53.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 53.51 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 51.29 | |
| Zig ZAG (10): | 52.87 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 49.41 | |
| TEMA (21): | 53.41 | |
| Williams %R (14): | -44.92 | |
| Chande Momentum Oscillator (20): | -0.58 | |
| Repulse (5,40,3): | 1.2700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2500 | |
| Courbe Coppock: | 2.78 |
| MA7: | 53.15 | |
| MA20: | 54.42 | |
| MA50: | 78.95 | |
| MA100: | 66.87 | |
| MAexp7: | 52.49 | |
| MAexp20: | 52.03 | |
| MAexp50: | 51.25 | |
| MAexp100: | 51.93 | |
| Price / MA7: | -1.45% | |
| Price / MA20: | -3.75% | |
| Price / MA50: | -33.65% | |
| Price / MA100: | -21.67% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | +0.67% | |
| Price / MAexp50: | +2.20% | |
| Price / MAexp100: | +0.87% |
Quotes :
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Real time data
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