NOVOCURE LTD. - Daily - Technical analysis published on 07/16/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 64.45 USD
My targets
71.85 USD (+4.28%)
79.85 USD (+15.89%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NOVOCURE LTD. as long as the price remains well above 64.45 USD. The buyers” bullish objective is set at 71.85 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 79.85 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NOVOCURE LTD. rating 68.90 USD. The price registered an increase of +0.31% on the session and was between 68.10 USD and 69.49 USD. This implies that the price is at +1.17% from its lowest and at -0.85% from its highest.68.10
69.49
68.90
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
Here is a more detailed summary of the historical variations registered by NOVOCURE LTD.:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NOVOCURE LTD. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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 strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
S3 | S2 | S1 | Price | |
---|---|---|---|---|
ProTrendLines | 42.22 | 56.12 | 64.45 | 68.90 |
Change (%) | -38.72% | -18.55% | -6.46% | - |
Change | -26.68 | -12.78 | -4.45 | - |
Level | Major | Major | Minor | - |
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 | 66.43 | 67.30 | 68.00 | 68.87 | 69.57 | 70.44 | 71.14 |
Camarilla | 68.26 | 68.40 | 68.55 | 68.69 | 68.83 | 68.98 | 69.12 |
Woodie | 66.34 | 67.26 | 67.91 | 68.83 | 69.48 | 70.40 | 71.05 |
Fibonacci | 67.30 | 67.90 | 68.27 | 68.87 | 69.47 | 69.84 | 70.44 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 58.74 | 61.05 | 64.97 | 67.28 | 71.19 | 73.51 | 77.42 |
Camarilla | 67.17 | 67.74 | 68.31 | 68.88 | 69.45 | 70.02 | 70.59 |
Woodie | 59.54 | 61.45 | 65.77 | 67.68 | 71.99 | 73.91 | 78.22 |
Fibonacci | 61.05 | 63.43 | 64.90 | 67.28 | 69.66 | 71.13 | 73.51 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 42.93 | 47.24 | 55.24 | 59.55 | 67.54 | 71.85 | 79.85 |
Camarilla | 59.85 | 60.97 | 62.10 | 63.23 | 64.36 | 65.49 | 66.61 |
Woodie | 44.77 | 48.16 | 57.08 | 60.47 | 69.38 | 72.77 | 81.69 |
Fibonacci | 47.24 | 51.94 | 54.84 | 59.55 | 64.25 | 67.15 | 71.85 |
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): | 73.17 | |
MACD (12,26,9): | 3.5300 | |
Directional Movement: | 28.05 | |
AROON (14): | 85.72 | |
DEMA (21): | 68.01 | |
Parabolic SAR (0,02-0,02-0,2): | 62.89 | |
Elder Ray (13): | 3.47 | |
Super Trend (3,10): | 62.43 | |
Zig ZAG (10): | 68.55 | |
VORTEX (21): | 1.2300 | |
Stochastique (14,3,5): | 92.77 | |
TEMA (21): | 69.08 | |
Williams %R (14): | -9.10 | |
Chande Momentum Oscillator (20): | 7.68 | |
Repulse (5,40,3): | 0.2200 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.8000 | |
Courbe Coppock: | 26.89 |
MA7: | 67.05 | |
MA20: | 63.08 | |
MA50: | 56.51 | |
MA100: | 52.30 | |
MAexp7: | 67.24 | |
MAexp20: | 63.46 | |
MAexp50: | 58.11 | |
MAexp100: | 53.50 | |
Price / MA7: | +2.76% | |
Price / MA20: | +9.23% | |
Price / MA50: | +21.93% | |
Price / MA100: | +31.74% | |
Price / MAexp7: | +2.47% | |
Price / MAexp20: | +8.57% | |
Price / MAexp50: | +18.57% | |
Price / MAexp100: | +28.79% |
News
Don"t forget to follow the news on NOVOCURE LTD.. At the time of publication of this analysis, the latest news was as follows:
- FDA Approves the NovoTTF-100LTM System in Combination with Chemotherapy for the Treatment of Malignant Pleural Mesothelioma
- Zai Lab to Host Conference Call to Discuss its License and Collaboration Agreement with Novocure for Tumor Treating Fields in Greater China
- Novocure Chairman: Two-Pronged Opportunity | Mad Money | CNBC
- Novocure Ltd. to Host Earnings Call
- Investor Network: Novocure Ltd. to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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