NEXO - NEXO/USD - 1H - Technical analysis published on 01/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 0.830967 USD
My targets
0.870460 USD (+3.74%)
0.921150 USD (+9.78%)
My analysis
The basic bullish trend is very strong on NEXO - NEXO/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.830967 USD. Crossing the first resistance at 0.870460 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.921150 USD as an objective. Crossing it would then enable buyers to target 0.975500 USD. Caution, a return to below 0.830967 USD would be a sign of a consolidation phase in 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.4
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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 NEXO - NEXO/USD rating is 0.839100 USD. On the day, this instrument lost -0.10% with the lowest point at 0.813900 USD and the highest point at 0.846600 USD. The deviation from the price is +3.10% for the low point and -0.89% for the high point.0.813900
0.846600
0.839100
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NEXO - NEXO/USD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.780880 | 0.804800 | 0.830967 | 0.839100 | 0.870460 | 0.921150 | 0.975500 |
| Change (%) | -6.94% | -4.09% | -0.97% | - | +3.74% | +9.78% | +16.26% |
| Change | -0.058220 | -0.034300 | -0.008133 | - | +0.031360 | +0.082050 | +0.136400 |
| Level | Intermediate | Intermediate | Major | - | 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 | 0.779967 | 0.801633 | 0.820767 | 0.842433 | 0.861567 | 0.883233 | 0.902367 |
| Camarilla | 0.828680 | 0.832420 | 0.836160 | 0.839900 | 0.843640 | 0.847380 | 0.851120 |
| Woodie | 0.778700 | 0.801000 | 0.819500 | 0.841800 | 0.860300 | 0.882600 | 0.901100 |
| Fibonacci | 0.801633 | 0.817219 | 0.826848 | 0.842433 | 0.858019 | 0.867648 | 0.883233 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.491067 | 0.578933 | 0.697067 | 0.784933 | 0.903067 | 0.990933 | 1.109067 |
| Camarilla | 0.758550 | 0.777433 | 0.796317 | 0.815200 | 0.834083 | 0.852967 | 0.871850 |
| Woodie | 0.506200 | 0.586500 | 0.712200 | 0.792500 | 0.918200 | 0.998500 | 1.124200 |
| Fibonacci | 0.578933 | 0.657625 | 0.706241 | 0.784933 | 0.863625 | 0.912241 | 0.990933 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.299200 | 0.439700 | 0.545300 | 0.685800 | 0.791400 | 0.931900 | 1.037500 |
| Camarilla | 0.583223 | 0.605782 | 0.628341 | 0.650900 | 0.673459 | 0.696018 | 0.718578 |
| Woodie | 0.281750 | 0.430975 | 0.527850 | 0.677075 | 0.773950 | 0.923175 | 1.020050 |
| Fibonacci | 0.439700 | 0.533710 | 0.591790 | 0.685800 | 0.779810 | 0.837890 | 0.931900 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.67 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -0.572585 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 0.828630 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.815600 | |
| Elder Ray (13): | 0.005770 | |
| Super Trend (3,10): | 0.816430 | |
| Zig ZAG (10): | 0.838500 | |
| VORTEX (21): | 0.9517 | |
| Stochastique (14,3,5): | 80.56 | |
| TEMA (21): | 0.828187 | |
| Williams %R (14): | -11.95 | |
| Chande Momentum Oscillator (20): | 0.013700 | |
| Repulse (5,40,3): | 0.7854 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0451 | |
| Courbe Coppock: | 0.03 |
| MA7: | 0.828971 | |
| MA20: | 0.774820 | |
| MA50: | 0.705626 | |
| MA100: | 0.754199 | |
| MAexp7: | 0.831311 | |
| MAexp20: | 0.830367 | |
| MAexp50: | 0.830507 | |
| MAexp100: | 0.825854 | |
| Price / MA7: | +1.22% | |
| Price / MA20: | +8.30% | |
| Price / MA50: | +18.92% | |
| Price / MA100: | +11.26% | |
| Price / MAexp7: | +0.94% | |
| Price / MAexp20: | +1.05% | |
| Price / MAexp50: | +1.03% | |
| Price / MAexp100: | +1.60% |
Quotes :
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Real time data
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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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