NEO - NEO/USD - 1H - Technical analysis published on 11/12/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
NEO - NEO/USD Chart
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 6.91 USD
My targets
6.47 USD (-4.29%)
6.10 USD (-9.76%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NEO - NEO/USD as long as the price remains well below 6.91 USD. The next bearish objective for sellers is set at 6.47 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.10 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia.
Additional analysis
Quotes
The NEO - NEO/USD price is 6.76 USD. The price is lower by -6.11% since the last closing with the lowest point at 6.59 USD and the highest point at 7.19 USD. The deviation from the price is +2.58% for the low point and -5.98% for the high point.6.59
7.19
6.76
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
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 this 1H chart of NEO - NEO/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 82.14% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 6.10 | 6.47 | 6.76 | 6.91 | 7.44 | 8.40 |
| Change (%) | -9.76% | -4.29% | - | +2.22% | +10.06% | +24.26% |
| Change | -0.66 | -0.29 | - | +0.15 | +0.68 | +1.64 |
| Level | Major | Minor | - | Intermediate | 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 | 5.31 | 5.72 | 6.46 | 6.87 | 7.61 | 8.02 | 8.76 |
| Camarilla | 6.88 | 6.99 | 7.10 | 7.20 | 7.31 | 7.41 | 7.52 |
| Woodie | 5.48 | 5.80 | 6.63 | 6.95 | 7.78 | 8.10 | 8.93 |
| Fibonacci | 5.72 | 6.16 | 6.43 | 6.87 | 7.31 | 7.58 | 8.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.35 | 7.75 | 8.40 | 8.80 | 9.45 | 9.85 | 10.50 |
| Camarilla | 8.77 | 8.87 | 8.96 | 9.06 | 9.16 | 9.25 | 9.35 |
| Woodie | 7.49 | 7.81 | 8.54 | 8.86 | 9.59 | 9.91 | 10.64 |
| Fibonacci | 7.75 | 8.15 | 8.40 | 8.80 | 9.20 | 9.45 | 9.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.92 | 6.63 | 7.57 | 8.28 | 9.22 | 9.93 | 10.87 |
| Camarilla | 8.05 | 8.20 | 8.35 | 8.50 | 8.65 | 8.80 | 8.95 |
| Woodie | 6.03 | 6.69 | 7.68 | 8.34 | 9.33 | 9.99 | 10.98 |
| Fibonacci | 6.63 | 7.26 | 7.65 | 8.28 | 8.91 | 9.30 | 9.93 |
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): | 44.23 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -15.20 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 6.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.90 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 6.99 | |
| Zig ZAG (10): | 6.73 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 22.09 | |
| TEMA (21): | 6.76 | |
| Williams %R (14): | -76.67 | |
| Chande Momentum Oscillator (20): | -0.06 | |
| Repulse (5,40,3): | 0.5300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 9.16 |
| MA7: | 7.70 | |
| MA20: | 8.23 | |
| MA50: | 8.31 | |
| MA100: | 9.09 | |
| MAexp7: | 6.76 | |
| MAexp20: | 6.83 | |
| MAexp50: | 6.94 | |
| MAexp100: | 7.28 | |
| Price / MA7: | -12.21% | |
| Price / MA20: | -17.86% | |
| Price / MA50: | -18.65% | |
| Price / MA100: | -25.63% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -1.02% | |
| Price / MAexp50: | -2.59% | |
| Price / MAexp100: | -7.14% |
Quotes :
-
Real time data
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Cryptocompare
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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