NEXO - NEXO/USD - Daily - Technical analysis published on 01/24/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 0.109971 USD
My targets
0.120600 USD (+6.35%)
0.136700 USD (+20.55%)
My analysis
The bullish trend is currently very strong on NEXO - NEXO/USD. As long as the price remains above the support at 0.109971 USD, you could try to benefit from the boom. The first bullish objective is located at 0.120600 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.136700 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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
7.3
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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 rating is 0.113400 USD. On the day, this instrument gained +0.00% and was traded between 0.113400 USD and 0.113400 USD over the period. The price is currently at 0% from its lowest and 0% from its highest.0.113400
0.113400
0.113400
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 NEXO - NEXO/USD in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by 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 shows a moderate bullish signal.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.083368 | 0.094740 | 0.109971 | 0.113400 | 0.120600 | 0.136700 |
| Change (%) | -26.48% | -16.46% | -3.02% | - | +6.35% | +20.55% |
| Change | -0.030032 | -0.018660 | -0.003429 | - | +0.007200 | +0.023300 |
| Level | Minor | Minor | Major | - | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.093722 | 0.097657 | 0.105529 | 0.109464 | 0.117336 | 0.121271 | 0.129143 |
| Camarilla | 0.110153 | 0.111235 | 0.112318 | 0.113400 | 0.114482 | 0.115565 | 0.116647 |
| Woodie | 0.095690 | 0.098641 | 0.107497 | 0.110448 | 0.119304 | 0.122255 | 0.131111 |
| Fibonacci | 0.097657 | 0.102168 | 0.104954 | 0.109464 | 0.113975 | 0.116761 | 0.121271 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.065831 | 0.077920 | 0.095621 | 0.107710 | 0.125411 | 0.137500 | 0.155201 |
| Camarilla | 0.105129 | 0.107860 | 0.110590 | 0.113321 | 0.116052 | 0.118783 | 0.121513 |
| Woodie | 0.068636 | 0.079323 | 0.098426 | 0.109113 | 0.128216 | 0.138903 | 0.158006 |
| Fibonacci | 0.077920 | 0.089300 | 0.096331 | 0.107710 | 0.119090 | 0.126121 | 0.137500 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.057667 | 0.070533 | 0.083067 | 0.095933 | 0.108467 | 0.121333 | 0.133867 |
| Camarilla | 0.088615 | 0.090943 | 0.093272 | 0.095600 | 0.097928 | 0.100257 | 0.102585 |
| Woodie | 0.057500 | 0.070450 | 0.082900 | 0.095850 | 0.108300 | 0.121250 | 0.133700 |
| Fibonacci | 0.070533 | 0.080236 | 0.086231 | 0.095933 | 0.105636 | 0.111631 | 0.121333 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.25 | |
| MACD (12,26,9): | 0.0024 | |
| Directional Movement: | 3.590768 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 0.112749 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.113400 | |
| Elder Ray (13): | 0.003107 | |
| Super Trend (3,10): | 0.121151 | |
| Zig ZAG (10): | 0.113400 | |
| VORTEX (21): | 1.0717 | |
| Stochastique (14,3,5): | 55.04 | |
| TEMA (21): | 0.112402 | |
| Williams %R (14): | -29.31 | |
| Chande Momentum Oscillator (20): | -0.004700 | |
| Repulse (5,40,3): | 8.8403 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4498 | |
| Courbe Coppock: | 6.83 |
| MA7: | 0.111689 | |
| MA20: | 0.112093 | |
| MA50: | 0.101578 | |
| MA100: | 0.100195 | |
| MAexp7: | 0.110835 | |
| MAexp20: | 0.109160 | |
| MAexp50: | 0.104483 | |
| MAexp100: | 0.100662 | |
| Price / MA7: | +1.53% | |
| Price / MA20: | +1.17% | |
| Price / MA50: | +11.64% | |
| Price / MA100: | +13.18% | |
| Price / MAexp7: | +2.31% | |
| Price / MAexp20: | +3.88% | |
| Price / MAexp50: | +8.53% | |
| Price / MAexp100: | +12.65% |
This member declared not having a position on this financial instrument or a related financial instrument.
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