ALCON N - 1H - Technical analysis published on 12/19/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
11%
78%
11%
My opinion
Bearish under 66.3600 CHF
My targets
64.4244 CHF (-0.95%)
63.5050 CHF (-2.36%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for ALCON N as long as the price remains well below 66.3600 CHF. The sellers' bearish objective is set at 64.4244 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 63.5050 CHF. If there is any crossing, the next objective would be the support located at 63.0022 CHF.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
3.6
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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 ALCON N price is 65.0400 CHF. The price is lower by -0.37% since the last closing and was between 64.9800 CHF and 65.4000 CHF. This implies that the price is at +0.09% from its lowest and at -0.55% from its highest.64.9800
65.4000
65.0400
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 ALCON N in 1H shows a neutral overall trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 63.5050 | 64.4244 | 65.0156 | 65.0400 | 66.3600 | 66.9200 | 67.4000 |
| Change (%) | -2.36% | -0.95% | -0.04% | - | +2.03% | +2.89% | +3.63% |
| Change | -1.5350 | -0.6156 | -0.0244 | - | +1.3200 | +1.8800 | +2.3600 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.8133 | 64.4667 | 64.8733 | 65.5267 | 65.9333 | 66.5867 | 66.9933 |
| Camarilla | 64.9885 | 65.0857 | 65.1828 | 65.2800 | 65.3772 | 65.4743 | 65.5715 |
| Woodie | 63.6900 | 64.4050 | 64.7500 | 65.4650 | 65.8100 | 66.5250 | 66.8700 |
| Fibonacci | 64.4667 | 64.8716 | 65.1218 | 65.5267 | 65.9316 | 66.1818 | 66.5867 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.3000 | 61.2000 | 63.6000 | 65.5000 | 67.9000 | 69.8000 | 72.2000 |
| Camarilla | 64.8175 | 65.2117 | 65.6058 | 66.0000 | 66.3942 | 66.7883 | 67.1825 |
| Woodie | 59.5500 | 61.3250 | 63.8500 | 65.6250 | 68.1500 | 69.9250 | 72.4500 |
| Fibonacci | 61.2000 | 62.8426 | 63.8574 | 65.5000 | 67.1426 | 68.1574 | 69.8000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.3200 | 58.8000 | 62.3600 | 64.8400 | 68.4000 | 70.8800 | 74.4400 |
| Camarilla | 64.2590 | 64.8127 | 65.3663 | 65.9200 | 66.4737 | 67.0273 | 67.5810 |
| Woodie | 56.8600 | 59.0700 | 62.9000 | 65.1100 | 68.9400 | 71.1500 | 74.9800 |
| Fibonacci | 58.8000 | 61.1073 | 62.5327 | 64.8400 | 67.1473 | 68.5727 | 70.8800 |
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): | 36.53 | |
| MACD (12,26,9): | -0.0954 | |
| Directional Movement: | -23.7152 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 65.6273 | |
| Parabolic SAR (0,02-0,02-0,2): | 65.7078 | |
| Elder Ray (13): | -0.4697 | |
| Super Trend (3,10): | 66.0610 | |
| Zig ZAG (10): | 65.0000 | |
| VORTEX (21): | 0.8324 | |
| Stochastique (14,3,5): | 10.94 | |
| TEMA (21): | 65.2293 | |
| Williams %R (14): | -93.33 | |
| Chande Momentum Oscillator (20): | -0.9800 | |
| Repulse (5,40,3): | -0.5394 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0159 | |
| Courbe Coppock: | 2.36 |
| MA7: | 65.0657 | |
| MA20: | 64.6420 | |
| MA50: | 65.0884 | |
| MA100: | 68.5588 | |
| MAexp7: | 65.3570 | |
| MAexp20: | 65.6419 | |
| MAexp50: | 65.3387 | |
| MAexp100: | 64.9224 | |
| Price / MA7: | -0.04% | |
| Price / MA20: | +0.62% | |
| Price / MA50: | -0.07% | |
| Price / MA100: | -5.13% | |
| Price / MAexp7: | -0.49% | |
| Price / MAexp20: | -0.92% | |
| Price / MAexp50: | -0.46% | |
| Price / MAexp100: | +0.18% |
Quotes :
-
15 min delayed data
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Switzerland SWX Stocks
News
Don't forget to follow the news on ALCON N. At the time of publication of this analysis, the latest news was as follows:
- Alcon Reports Second Quarter 2023 Results
- Alcon Reports Second Quarter 2023 Results
- Alcon Advances Company’s Social Impact Through Global Volunteerism
- Alcon Advances Company’s Social Impact Through Global Volunteerism
- Alcon Reports First Quarter 2023 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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