NASDAQ BIOTECHNOLOGY INDEX - 1H - Technical analysis published on 10/11/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
56%
22%
22%
My opinion
Neutral between 3,833.45 USD and 3,890.02 USD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 3,890.02 USD. The first support is located at 3,833.45 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by NASDAQ BIOTECHNOLOGY INDEX.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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.
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Additional analysis
Quotes
The NASDAQ BIOTECHNOLOGY INDEX rating is 3,851.14 USD. The price registered an increase of +1.71% on the session and was between 3,760.44 USD and 3,851.48 USD. This implies that the price is at +2.41% from its lowest and at -0.01% from its highest.3,760.44
3,851.48
3,851.14
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NASDAQ BIOTECHNOLOGY INDEX:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NASDAQ BIOTECHNOLOGY INDEX indicates that the overall trend is slightly bearish. 50.00% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 10 are bullish, 4 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,727.02 | 3,768.13 | 3,833.45 | 3,851.14 | 3,890.02 | 3,956.18 | 4,104.18 |
| Change (%) | -3.22% | -2.16% | -0.46% | - | +1.01% | +2.73% | +6.57% |
| Change | -124.12 | -83.01 | -17.69 | - | +38.88 | +105.04 | +253.04 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Intermediate |
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 | 3,716.23 | 3,744.20 | 3,765.31 | 3,793.28 | 3,814.39 | 3,842.36 | 3,863.47 |
| Camarilla | 3,772.93 | 3,777.43 | 3,781.93 | 3,786.43 | 3,790.93 | 3,795.43 | 3,799.93 |
| Woodie | 3,712.81 | 3,742.49 | 3,761.89 | 3,791.57 | 3,810.97 | 3,840.65 | 3,860.05 |
| Fibonacci | 3,744.20 | 3,762.95 | 3,774.53 | 3,793.28 | 3,812.03 | 3,823.61 | 3,842.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,532.31 | 3,645.95 | 3,728.90 | 3,842.54 | 3,925.49 | 4,039.13 | 4,122.08 |
| Camarilla | 3,757.79 | 3,775.81 | 3,793.83 | 3,811.85 | 3,829.87 | 3,847.89 | 3,865.91 |
| Woodie | 3,516.97 | 3,638.28 | 3,713.56 | 3,834.87 | 3,910.15 | 4,031.46 | 4,106.74 |
| Fibonacci | 3,645.95 | 3,721.05 | 3,767.44 | 3,842.54 | 3,917.64 | 3,964.03 | 4,039.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,085.52 | 3,356.77 | 3,562.19 | 3,833.44 | 4,038.86 | 4,310.11 | 4,515.53 |
| Camarilla | 3,636.52 | 3,680.21 | 3,723.91 | 3,767.60 | 3,811.30 | 3,854.99 | 3,898.68 |
| Woodie | 3,052.60 | 3,340.31 | 3,529.27 | 3,816.98 | 4,005.94 | 4,293.65 | 4,482.61 |
| Fibonacci | 3,356.77 | 3,538.86 | 3,651.36 | 3,833.44 | 4,015.53 | 4,128.03 | 4,310.11 |
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): | 50.33 | |
| MACD (12,26,9): | -18.3500 | |
| Directional Movement: | -4.96 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 3,804.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,760.44 | |
| Elder Ray (13): | 10.53 | |
| Super Trend (3,10): | 3,855.53 | |
| Zig ZAG (10): | 3,836.00 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 40.35 | |
| TEMA (21): | 3,786.07 | |
| Williams %R (14): | -30.67 | |
| Chande Momentum Oscillator (20): | -8.28 | |
| Repulse (5,40,3): | 1.3800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 3.76 |
| MA7: | 3,863.88 | |
| MA20: | 3,826.55 | |
| MA50: | 3,953.52 | |
| MA100: | 3,862.33 | |
| MAexp7: | 3,810.55 | |
| MAexp20: | 3,826.90 | |
| MAexp50: | 3,836.54 | |
| MAexp100: | 3,838.45 | |
| Price / MA7: | -0.33% | |
| Price / MA20: | +0.64% | |
| Price / MA50: | -2.59% | |
| Price / MA100: | -0.29% | |
| Price / MAexp7: | +1.07% | |
| Price / MAexp20: | +0.63% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | +0.33% |
Quotes :
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15 min delayed data
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NASDAQ US Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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