NH HOTEL - Daily - Technical analysis published on 10/13/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 4.160 EUR
My targets
3.849 EUR (-3.41%)
3.728 EUR (-6.45%)
My analysis
The bearish trend is currently very strong for NH HOTEL. As long as the price remains below the resistance at 4.160 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 3.849 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.728 EUR as an objective. Crossing it would then enable sellers to target 3.513 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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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 NH HOTEL rating is 3.985 EUR. The price has increased by +1.27% since the last closing and was traded between 3.985 EUR and 3.985 EUR over the period. The price is currently at 0% from its lowest and 0% from its highest.3.985
3.985
3.985
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NH HOTEL indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.513 | 3.728 | 3.849 | 3.985 | 4.002 | 4.160 | 4.270 |
| Change (%) | -11.84% | -6.45% | -3.41% | - | +0.43% | +4.39% | +7.15% |
| Change | -0.472 | -0.257 | -0.136 | - | +0.017 | +0.175 | +0.285 |
| Level | Intermediate | Intermediate | Major | - | Major | Intermediate | Intermediate |
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 | 3.912 | 3.918 | 3.927 | 3.933 | 3.942 | 3.948 | 3.957 |
| Camarilla | 3.931 | 3.932 | 3.934 | 3.935 | 3.936 | 3.938 | 3.939 |
| Woodie | 3.913 | 3.919 | 3.928 | 3.934 | 3.943 | 3.949 | 3.958 |
| Fibonacci | 3.918 | 3.924 | 3.928 | 3.933 | 3.939 | 3.943 | 3.948 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.817 | 3.858 | 3.917 | 3.958 | 4.017 | 4.058 | 4.117 |
| Camarilla | 3.948 | 3.957 | 3.966 | 3.975 | 3.984 | 3.993 | 4.003 |
| Woodie | 3.825 | 3.863 | 3.925 | 3.963 | 4.025 | 4.063 | 4.125 |
| Fibonacci | 3.858 | 3.897 | 3.920 | 3.958 | 3.997 | 4.020 | 4.058 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.502 | 3.703 | 3.837 | 4.038 | 4.172 | 4.373 | 4.507 |
| Camarilla | 3.878 | 3.909 | 3.939 | 3.970 | 4.001 | 4.031 | 4.062 |
| Woodie | 3.468 | 3.686 | 3.803 | 4.021 | 4.138 | 4.356 | 4.473 |
| Fibonacci | 3.703 | 3.831 | 3.910 | 4.038 | 4.166 | 4.245 | 4.373 |
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): | 37.30 | |
| MACD (12,26,9): | -0.0660 | |
| Directional Movement: | -6.285 | |
| AROON (14): | -57.143 | |
| DEMA (21): | 3.910 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.003 | |
| Elder Ray (13): | -0.034 | |
| Super Trend (3,10): | 4.134 | |
| Zig ZAG (10): | 3.935 | |
| VORTEX (21): | 0.9080 | |
| Stochastique (14,3,5): | 14.48 | |
| TEMA (21): | 3.900 | |
| Williams %R (14): | -80.56 | |
| Chande Momentum Oscillator (20): | -0.065 | |
| Repulse (5,40,3): | -0.0810 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2440 | |
| Courbe Coppock: | 7.17 |
| MA7: | 3.939 | |
| MA20: | 4.006 | |
| MA50: | 4.149 | |
| MA100: | 4.289 | |
| MAexp7: | 3.941 | |
| MAexp20: | 4.000 | |
| MAexp50: | 4.108 | |
| MAexp100: | 4.119 | |
| Price / MA7: | +1.17% | |
| Price / MA20: | -0.52% | |
| Price / MA50: | -3.95% | |
| Price / MA100: | -7.09% | |
| Price / MAexp7: | +1.12% | |
| Price / MAexp20: | -0.38% | |
| Price / MAexp50: | -2.99% | |
| Price / MAexp100: | -3.25% |
Quotes :
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15 min delayed data
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Spain Stocks
News
The latest news and videos published on NH HOTEL at the time of the analysis were as follows:
NH Hotel GroupThis 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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