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NESTLE N
NESTLE N
- CHF (-)
- 15 min delayed data - Switzerland SWX Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: NESN
ISIN: CH0038863350

NESTLE N - 1H - Technical analysis published on 03/28/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 109.7560 CHF
My targets
112.0600 CHF (+1.32%)
115.1800 CHF (+4.14%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NESTLE N as long as the price remains well above 109.7560 CHF. The buyers' bullish objective is set at 112.0600 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 115.1800 CHF. If there is any crossing, the next objective would be the resistance located at 117.4600 CHF. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

NESTLE N rating 110.6000 CHF. The price registered an increase of +0.97% on the session and was traded between 109.4200 CHF and 110.7000 CHF over the period. The price is currently at +1.08% from its lowest and -0.09% from its highest.

109.4200
110.7000
110.6000

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by NESTLE N:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of NESTLE N 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 moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 106.8550 107.9200 109.7560 110.6000 110.7120 112.0600 115.1800
Change (%) -3.39% -2.42% -0.76% - +0.10% +1.32% +4.14%
Change -3.7450 -2.6800 -0.8440 - +0.1120 +1.4600 +4.5800
Level Major Intermediate Intermediate - Major Minor Major



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
Standard107.3733108.3267108.9333109.8867110.4933111.4467112.0533
Camarilla109.1110109.2540109.3970109.5400109.6830109.8260109.9690
Woodie107.2000108.2400108.7600109.8000110.3200111.3600111.8800
Fibonacci108.3267108.9226109.2908109.8867110.4826110.8508111.4467


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard105.5067106.6133108.1267109.2333110.7467111.8533113.3667
Camarilla108.9195109.1597109.3998109.6400109.8802110.1203110.3605
Woodie105.7100106.7150108.3300109.3350110.9500111.9550113.5700
Fibonacci106.6133107.6142108.2325109.2333110.2342110.8525111.8533


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard98.3200102.2000104.1400108.0200109.9600113.8400115.7800
Camarilla104.4795105.0130105.5465106.0800106.6135107.1470107.6805
Woodie97.3500101.7150103.1700107.5350108.9900113.3550114.8100
Fibonacci102.2000104.4232105.7968108.0200110.2432111.6168113.8400

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): 59.33
MACD (12,26,9): 0.2270
Directional Movement: 14.0913
AROON (14): -35.7143
DEMA (21): 110.2508
Parabolic SAR (0,02-0,02-0,2): 109.3084
Elder Ray (13): 0.4805
Super Trend (3,10): 109.1632
Zig ZAG (10): 110.4800
VORTEX (21): 1.0593
Stochastique (14,3,5): 78.21
TEMA (21): 110.2793
Williams %R (14): -20.51
Chande Momentum Oscillator (20): 0.8600
Repulse (5,40,3): 0.3562
ROCnROLL: 1
TRIX (15,9): 0.0286
Courbe Coppock: 0.47
MA7: 109.4171
MA20: 107.6830
MA50: 109.3048
MA100: 109.8138
MAexp7: 110.1933
MAexp20: 109.9473
MAexp50: 109.4813
MAexp100: 108.8524
Price / MA7: +1.08%
Price / MA20: +2.71%
Price / MA50: +1.18%
Price / MA100: +0.72%
Price / MAexp7: +0.37%
Price / MAexp20: +0.59%
Price / MAexp50: +1.02%
Price / MAexp100: +1.61%

Quotes : - 15 min delayed data - Switzerland SWX Stocks

News


The last news published on NESTLE N at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

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Londinia AI

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