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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 05/24/2023 (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 bearish
Underlying: Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 113.7160 CHF
My targets
112.0600 CHF (-0.51%)
110.7120 CHF (-1.71%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NESTLE N as long as the price remains well below 113.7160 CHF. The sellers' bearish objective is set at 112.0600 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 110.7120 CHF. In case of crossing, the next objective would be the support located at 109.5700 CHF. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8

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

The NESTLE N rating is 112.6400 CHF. On the day, this instrument gained +0.20% and was traded between 112.1800 CHF and 112.9200 CHF over the period. The price is currently at +0.41% from its lowest and -0.25% from its highest.

112.1800
112.9200
112.6400

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this NESTLE N chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 109.5700 110.7120 112.0600 112.6400 113.7160 114.5850 115.1800
Change (%) -2.73% -1.71% -0.51% - +0.96% +1.73% +2.25%
Change -3.0700 -1.9280 -0.5800 - +1.0760 +1.9450 +2.5400
Level Minor Major Intermediate - Major Minor Major



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
Standard110.9733111.6067112.0133112.6467113.0533113.6867114.0933
Camarilla112.1340112.2293112.3247112.4200112.5153112.6107112.7060
Woodie110.8600111.5500111.9000112.5900112.9400113.6300113.9800
Fibonacci111.6067112.0040112.2494112.6467113.0440113.2894113.6867


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard109.9000111.5000112.6600114.2600115.4200117.0200118.1800
Camarilla113.0610113.3140113.5670113.8200114.0730114.3260114.5790
Woodie109.6800111.3900112.4400114.1500115.2000116.9100117.9600
Fibonacci111.5000112.5543113.2057114.2600115.3143115.9657117.0200


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard105.5200108.2000111.3600114.0400117.2000119.8800123.0400
Camarilla112.9140113.4493113.9847114.5200115.0553115.5907116.1260
Woodie105.7600108.3200111.6000114.1600117.4400120.0000123.2800
Fibonacci108.2000110.4309111.8091114.0400116.2709117.6491119.8800

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): 34.18
MACD (12,26,9): -0.3480
Directional Movement: -10.3132
AROON (14): -42.8571
DEMA (21): 112.5045
Parabolic SAR (0,02-0,02-0,2): 112.9614
Elder Ray (13): -0.3037
Super Trend (3,10): 113.5175
Zig ZAG (10): 112.4600
VORTEX (21): 0.7609
Stochastique (14,3,5): 25.16
TEMA (21): 112.4767
Williams %R (14): -72.73
Chande Momentum Oscillator (20): -0.4400
Repulse (5,40,3): -0.2470
ROCnROLL: 2
TRIX (15,9): -0.0426
Courbe Coppock: 0.99
MA7: 113.4714
MA20: 114.6650
MA50: 112.5476
MA100: 111.3104
MAexp7: 112.6449
MAexp20: 112.9664
MAexp50: 113.5945
MAexp100: 114.1354
Price / MA7: -0.73%
Price / MA20: -1.77%
Price / MA50: +0.08%
Price / MA100: +1.19%
Price / MAexp7: +0.00%
Price / MAexp20: -0.29%
Price / MAexp50: -0.84%
Price / MAexp100: -1.31%

Quotes : - 15 min delayed data - Switzerland SWX Stocks

News


The latest news and videos published on NESTLE N at the time of the analysis were as follows:

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

About author

Londinia
Londinia AI

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