NASDAQ HEALTH CARE - 1H - Technical analysis published on 08/31/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 920.37 USD
My targets
935.52 USD (+0.53%)
944.75 USD (+1.52%)
My analysis
NASDAQ HEALTH CARE is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 920.37 USD. The next resistance located at 935.52 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 944.75 USD. After this resistance, buyers could then target 956.31 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7
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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 NASDAQ HEALTH CARE price is 930.61 USD. The price is lower by -0.01% since the last closing with the lowest point at 929.35 USD and the highest point at 932.05 USD. The deviation from the price is +0.14% for the low point and -0.15% for the high point.929.35
932.05
930.61
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NASDAQ HEALTH CARE in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 911.46 | 920.37 | 928.35 | 930.61 | 935.52 | 944.75 | 956.31 |
| Change (%) | -2.06% | -1.10% | -0.24% | - | +0.53% | +1.52% | +2.76% |
| Change | -19.15 | -10.24 | -2.26 | - | +4.91 | +14.14 | +25.70 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Major |
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 | 921.45 | 924.20 | 927.46 | 930.21 | 933.47 | 936.22 | 939.48 |
| Camarilla | 929.08 | 929.63 | 930.18 | 930.73 | 931.28 | 931.83 | 932.38 |
| Woodie | 921.72 | 924.33 | 927.73 | 930.34 | 933.74 | 936.35 | 939.75 |
| Fibonacci | 924.20 | 926.49 | 927.91 | 930.21 | 932.50 | 933.92 | 936.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 882.08 | 891.07 | 900.76 | 909.75 | 919.44 | 928.43 | 938.12 |
| Camarilla | 905.31 | 907.03 | 908.74 | 910.45 | 912.16 | 913.88 | 915.59 |
| Woodie | 882.43 | 891.25 | 901.11 | 909.93 | 919.79 | 928.61 | 938.47 |
| Fibonacci | 891.07 | 898.21 | 902.61 | 909.75 | 916.89 | 921.29 | 928.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 872.20 | 895.70 | 923.85 | 947.35 | 975.50 | 999.00 | 1,027.15 |
| Camarilla | 937.81 | 942.54 | 947.28 | 952.01 | 956.75 | 961.48 | 966.21 |
| Woodie | 874.54 | 896.86 | 926.19 | 948.51 | 977.84 | 1,000.16 | 1,029.49 |
| Fibonacci | 895.70 | 915.43 | 927.62 | 947.35 | 967.08 | 979.27 | 999.00 |
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): | 69.72 | |
| MACD (12,26,9): | 4.9700 | |
| Directional Movement: | 23.03 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 931.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 932.88 | |
| Elder Ray (13): | 2.35 | |
| Super Trend (3,10): | 923.44 | |
| Zig ZAG (10): | 931.23 | |
| VORTEX (21): | 1.2800 | |
| Stochastique (14,3,5): | 86.71 | |
| TEMA (21): | 934.07 | |
| Williams %R (14): | -11.22 | |
| Chande Momentum Oscillator (20): | 7.24 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 2.95 |
| MA7: | 918.54 | |
| MA20: | 918.63 | |
| MA50: | 934.09 | |
| MA100: | 939.20 | |
| MAexp7: | 930.11 | |
| MAexp20: | 925.29 | |
| MAexp50: | 919.37 | |
| MAexp100: | 919.52 | |
| Price / MA7: | +1.31% | |
| Price / MA20: | +1.30% | |
| Price / MA50: | -0.37% | |
| Price / MA100: | -0.91% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.57% | |
| Price / MAexp50: | +1.22% | |
| Price / MAexp100: | +1.21% |
Quotes :
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15 min delayed data
-
NASDAQ US Indices
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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