VERISK ANALYTICS INC. - 1H - Technical analysis published on 04/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 237.36 USD
My targets
229.66 USD (-1.08%)
226.35 USD (-2.51%)
My analysis
The bearish basic trend is very strong on VERISK ANALYTICS INC. but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 237.36 USD. Crossing the first support at 229.66 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 226.35 USD as an objective. Crossing it would then enable sellers to target 221.56 USD. Caution, a return to above the resistance located at 237.36 USD would be a sign of a possible consolidation phase of 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.3
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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 232.17 USD. The price is lower by -0.26% since the last closing and was traded between 231.85 USD and 232.77 USD over the period. The price is currently at +0.14% from its lowest and -0.26% from its highest.231.85
232.77
232.17
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 VERISK ANALYTICS INC.:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of VERISK ANALYTICS INC. indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 221.56 | 226.35 | 229.66 | 232.17 | 232.90 | 237.36 | 240.95 |
| Change (%) | -4.57% | -2.51% | -1.08% | - | +0.31% | +2.24% | +3.78% |
| Change | -10.61 | -5.82 | -2.51 | - | +0.73 | +5.19 | +8.78 |
| Level | Major | Major | Intermediate | - | Major | 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 | 226.13 | 228.52 | 230.65 | 233.04 | 235.17 | 237.56 | 239.69 |
| Camarilla | 231.54 | 231.95 | 232.37 | 232.78 | 233.19 | 233.61 | 234.02 |
| Woodie | 226.00 | 228.46 | 230.52 | 232.98 | 235.04 | 237.50 | 239.56 |
| Fibonacci | 228.52 | 230.25 | 231.31 | 233.04 | 234.77 | 235.83 | 237.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 226.46 | 228.52 | 232.13 | 234.19 | 237.80 | 239.86 | 243.47 |
| Camarilla | 234.17 | 234.69 | 235.21 | 235.73 | 236.25 | 236.77 | 237.29 |
| Woodie | 227.23 | 228.91 | 232.90 | 234.58 | 238.57 | 240.25 | 244.24 |
| Fibonacci | 228.52 | 230.69 | 232.03 | 234.19 | 236.36 | 237.70 | 239.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 217.35 | 223.97 | 229.85 | 236.47 | 242.35 | 248.97 | 254.85 |
| Camarilla | 232.29 | 233.44 | 234.58 | 235.73 | 236.88 | 238.02 | 239.17 |
| Woodie | 216.98 | 223.79 | 229.48 | 236.29 | 241.98 | 248.79 | 254.48 |
| Fibonacci | 223.97 | 228.75 | 231.70 | 236.47 | 241.25 | 244.20 | 248.97 |
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): | 44.57 | |
| MACD (12,26,9): | -0.3100 | |
| Directional Movement: | -3.23 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 232.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 234.70 | |
| Elder Ray (13): | -0.53 | |
| Super Trend (3,10): | 235.43 | |
| Zig ZAG (10): | 232.20 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 30.40 | |
| TEMA (21): | 232.65 | |
| Williams %R (14): | -76.45 | |
| Chande Momentum Oscillator (20): | -3.03 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.78 |
| MA7: | 233.26 | |
| MA20: | 235.03 | |
| MA50: | 240.65 | |
| MA100: | 238.76 | |
| MAexp7: | 232.52 | |
| MAexp20: | 233.01 | |
| MAexp50: | 233.70 | |
| MAexp100: | 234.93 | |
| Price / MA7: | -0.47% | |
| Price / MA20: | -1.22% | |
| Price / MA50: | -3.52% | |
| Price / MA100: | -2.76% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.36% | |
| Price / MAexp50: | -0.65% | |
| Price / MAexp100: | -1.17% |
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 Welcomes Greg Hendrick to Its Board of Directors
- Verisk Announces Integration with Seek Now to Streamline Ground Truth Assessment of Homeowners Insurance Claims
- Verisk Boosts Ecosystem, Adds Two Accelerators to Enhance Workers’ Compensation Claims in Guidewire ClaimCenter
- Verisk Expands Fraud-Fighting Capabilities for the Insurance Ecosystem with Two New Strategic Partnerships
- Verisk Reports Fourth-Quarter 2023 and Full-Year 2023 Financial Results
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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