VERISK ANALYTICS INC. - 1H - Technical analysis published on 11/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 234.75 USD
My targets
240.45 USD (+1.92%)
243.44 USD (+3.18%)
My analysis
The bullish trend is currently very strong on VERISK ANALYTICS INC.. As long as the price remains above the support at 234.75 USD, you could try to benefit from the boom. The first bullish objective is located at 240.45 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 243.44 USD as an objective. Crossing it would then enable buyers to target 248.49 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
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
8.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VERISK ANALYTICS INC. price is 235.93 USD. The price is lower by -0.03% since the last closing and was traded between 234.03 USD and 236.89 USD over the period. The price is currently at +0.81% from its lowest and -0.41% from its highest.234.03
236.89
235.93
Here is a more detailed summary of the historical variations registered by VERISK ANALYTICS INC.:
Technical
A technical analysis in 1H of this VERISK ANALYTICS INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed 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, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 221.89 | 227.03 | 234.75 | 235.93 | 240.45 | 243.44 | 248.49 |
| Change (%) | -5.95% | -3.77% | -0.50% | - | +1.92% | +3.18% | +5.32% |
| Change | -14.04 | -8.90 | -1.18 | - | +4.52 | +7.51 | +12.56 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 231.31 | 232.41 | 234.21 | 235.31 | 237.11 | 238.21 | 240.01 |
| Camarilla | 235.21 | 235.48 | 235.74 | 236.01 | 236.28 | 236.54 | 236.81 |
| Woodie | 231.66 | 232.59 | 234.56 | 235.49 | 237.46 | 238.39 | 240.36 |
| Fibonacci | 232.41 | 233.52 | 234.20 | 235.31 | 236.42 | 237.10 | 238.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 201.00 | 208.16 | 219.39 | 226.55 | 237.78 | 244.94 | 256.17 |
| Camarilla | 225.56 | 227.25 | 228.93 | 230.62 | 232.31 | 233.99 | 235.68 |
| Woodie | 203.04 | 209.18 | 221.43 | 227.57 | 239.82 | 245.96 | 258.21 |
| Fibonacci | 208.16 | 215.19 | 219.53 | 226.55 | 233.58 | 237.92 | 244.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 189.39 | 205.64 | 216.50 | 232.75 | 243.61 | 259.86 | 270.72 |
| Camarilla | 219.91 | 222.39 | 224.88 | 227.36 | 229.85 | 232.33 | 234.82 |
| Woodie | 186.70 | 204.29 | 213.81 | 231.40 | 240.92 | 258.51 | 268.03 |
| Fibonacci | 205.64 | 216.00 | 222.39 | 232.75 | 243.11 | 249.50 | 259.86 |
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): | 70.77 | |
| MACD (12,26,9): | 1.6400 | |
| Directional Movement: | 13.13 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 236.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 234.03 | |
| Elder Ray (13): | 1.29 | |
| Super Trend (3,10): | 232.39 | |
| Zig ZAG (10): | 236.67 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 85.25 | |
| TEMA (21): | 236.73 | |
| Williams %R (14): | -4.08 | |
| Chande Momentum Oscillator (20): | 3.27 | |
| Repulse (5,40,3): | 0.8600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 2.64 |
| MA7: | 231.38 | |
| MA20: | 232.41 | |
| MA50: | 238.49 | |
| MA100: | 234.47 | |
| MAexp7: | 235.78 | |
| MAexp20: | 234.19 | |
| MAexp50: | 231.82 | |
| MAexp100: | 231.77 | |
| Price / MA7: | +1.97% | |
| Price / MA20: | +1.51% | |
| Price / MA50: | -1.07% | |
| Price / MA100: | +0.62% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.74% | |
| Price / MAexp50: | +1.77% | |
| Price / MAexp100: | +1.79% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on VERISK ANALYTICS INC. at the time of the analysis were as follows:
- Verisk Estimates Industry Insured Losses from Winter Storm Ciarán will Range from EUR 800 Million to EUR 1.3 Billion
- Citizens Adopts Aerial Imagery Analytics from Verisk to Improve Underwriting In Florida Market
- Verisk Estimates Industry Insured Losses from Hurricane Otis to Range from MXN 50 Billion to MXN 110 Billion (~USD 3 Billion to 6 Billion)
- Verisk Reports Third-Quarter 2023 Financial Results
- Verisk Introduces Xactimate Time & Materials Tool for Streamlined Job Cost Tracking
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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