NEXO - NEXO/USD - Daily - Technical analysis published on 09/17/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.086767 USD
My targets
0.097330 USD (+0.02%)
0.108083 USD (+11.07%)
My analysis
The strong short-term increase for NEXO - NEXO/USD reinforces the current slightly bullish trend. As long as the price remains above 0.086767 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 0.097330 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.108083 USD as an objective. Crossing it would then enable buyers to target 0.115640 USD. A return to 0.086767 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a 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
4.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NEXO - NEXO/USD price is 0.097310 USD. The price has increased by +8.33% since the last closing with the lowest point at 0.089340 USD and the highest point at 0.112000 USD. The deviation from the price is +8.92% for the low point and -13.12% for the high point.0.089340
0.112000
0.097310
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:
Technical
A technical analysis in Daily of this NEXO - NEXO/USD chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.060450 | 0.068710 | 0.086767 | 0.097310 | 0.097330 | 0.108083 | 0.115640 |
| Change (%) | -37.88% | -29.39% | -10.83% | - | +0.02% | +11.07% | +18.84% |
| Change | -0.036860 | -0.028600 | -0.010543 | - | +0.000020 | +0.010773 | +0.018330 |
| Level | Minor | Minor | Intermediate | - | Minor | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.082437 | 0.084383 | 0.087107 | 0.089053 | 0.091777 | 0.093723 | 0.096447 |
| Camarilla | 0.088546 | 0.088974 | 0.089402 | 0.089830 | 0.090258 | 0.090686 | 0.091114 |
| Woodie | 0.082825 | 0.084578 | 0.087495 | 0.089248 | 0.092165 | 0.093918 | 0.096835 |
| Fibonacci | 0.084383 | 0.086167 | 0.087269 | 0.089053 | 0.090837 | 0.091939 | 0.093723 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.062373 | 0.071187 | 0.081593 | 0.090407 | 0.100813 | 0.109627 | 0.120033 |
| Camarilla | 0.086715 | 0.088476 | 0.090238 | 0.092000 | 0.093762 | 0.095524 | 0.097286 |
| Woodie | 0.063170 | 0.071585 | 0.082390 | 0.090805 | 0.101610 | 0.110025 | 0.120830 |
| Fibonacci | 0.071187 | 0.078529 | 0.083065 | 0.090407 | 0.097749 | 0.102285 | 0.109627 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.030353 | 0.016583 | 0.045127 | 0.092063 | 0.120607 | 0.167543 | 0.196087 |
| Camarilla | 0.052913 | 0.059832 | 0.066751 | 0.073670 | 0.080589 | 0.087508 | 0.094427 |
| Woodie | -0.039550 | 0.011985 | 0.035930 | 0.087465 | 0.111410 | 0.162945 | 0.186890 |
| Fibonacci | 0.016583 | 0.045417 | 0.063230 | 0.092063 | 0.120897 | 0.138710 | 0.167543 |
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): | 60.64 | |
| MACD (12,26,9): | 0.0033 | |
| Directional Movement: | 22.803595 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.088995 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.074337 | |
| Elder Ray (13): | 0.012531 | |
| Super Trend (3,10): | 0.103174 | |
| Zig ZAG (10): | 0.097310 | |
| VORTEX (21): | 1.0318 | |
| Stochastique (14,3,5): | 68.45 | |
| TEMA (21): | 0.094684 | |
| Williams %R (14): | -32.68 | |
| Chande Momentum Oscillator (20): | 0.024060 | |
| Repulse (5,40,3): | -1.9974 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2416 | |
| Courbe Coppock: | 52.80 |
| MA7: | 0.092603 | |
| MA20: | 0.081923 | |
| MA50: | 0.086057 | |
| MA100: | 0.096186 | |
| MAexp7: | 0.091302 | |
| MAexp20: | 0.085955 | |
| MAexp50: | 0.086703 | |
| MAexp100: | 0.089215 | |
| Price / MA7: | +5.08% | |
| Price / MA20: | +18.78% | |
| Price / MA50: | +13.08% | |
| Price / MA100: | +1.17% | |
| Price / MAexp7: | +6.58% | |
| Price / MAexp20: | +13.21% | |
| Price / MAexp50: | +12.23% | |
| Price / MAexp100: | +9.07% |
This member declared not having a position on this financial instrument or a related financial instrument.
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