NASDAQ BIOTECHNOLOGY INDEX - Daily - Technical analysis published on 05/12/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
33%
6%
61%
My opinion
Bullish above 4,165.87 USD
My targets
4,277.21 USD (+1.41%)
4,376.73 USD (+3.77%)
My analysis
A bullish trend on NASDAQ BIOTECHNOLOGY INDEX both in substance and in the short term. A purchase could be considered as long as the price remains above 4,165.87 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 4,277.21 USD. Then the price could move towards 4,376.73 USD. Then 4,591.55 USD by extension. Be careful, a return below 4,165.87 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NASDAQ BIOTECHNOLOGY INDEX rating 4,217.55 USD. The price registered a decrease of -0.04% on the session with the lowest point at 4,214.32 USD and the highest point at 4,233.61 USD. The deviation from the price is +0.08% for the low point and -0.38% for the high point.4,214.32
4,233.61
4,217.55
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NASDAQ BIOTECHNOLOGY INDEX in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,779.37 | 3,886.97 | 4,165.87 | 4,217.55 | 4,277.21 | 4,376.73 | 4,591.55 |
| Change (%) | -10.39% | -7.84% | -1.23% | - | +1.41% | +3.77% | +8.87% |
| Change | -438.18 | -330.58 | -51.68 | - | +59.66 | +159.18 | +374.00 |
| Level | Minor | Major | Major | - | Major | Minor | Intermediate |
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 | 4,148.30 | 4,170.67 | 4,194.91 | 4,217.28 | 4,241.52 | 4,263.89 | 4,288.13 |
| Camarilla | 4,206.32 | 4,210.60 | 4,214.87 | 4,219.14 | 4,223.41 | 4,227.69 | 4,231.96 |
| Woodie | 4,149.23 | 4,171.14 | 4,195.84 | 4,217.75 | 4,242.45 | 4,264.36 | 4,289.06 |
| Fibonacci | 4,170.67 | 4,188.48 | 4,199.48 | 4,217.28 | 4,235.09 | 4,246.09 | 4,263.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,079.56 | 4,120.44 | 4,190.96 | 4,231.84 | 4,302.36 | 4,343.24 | 4,413.76 |
| Camarilla | 4,230.85 | 4,241.06 | 4,251.27 | 4,261.48 | 4,271.69 | 4,281.90 | 4,292.12 |
| Woodie | 4,094.38 | 4,127.85 | 4,205.78 | 4,239.25 | 4,317.18 | 4,350.65 | 4,428.58 |
| Fibonacci | 4,120.44 | 4,163.00 | 4,189.29 | 4,231.84 | 4,274.40 | 4,300.69 | 4,343.24 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,921.33 | 4,011.27 | 4,099.30 | 4,189.24 | 4,277.27 | 4,367.21 | 4,455.24 |
| Camarilla | 4,138.38 | 4,154.69 | 4,171.01 | 4,187.32 | 4,203.63 | 4,219.95 | 4,236.26 |
| Woodie | 3,920.37 | 4,010.79 | 4,098.34 | 4,188.76 | 4,276.31 | 4,366.73 | 4,454.28 |
| Fibonacci | 4,011.27 | 4,079.26 | 4,121.26 | 4,189.24 | 4,257.23 | 4,299.23 | 4,367.21 |
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): | 53.43 | |
| MACD (12,26,9): | 20.6500 | |
| Directional Movement: | 4.62 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 4,236.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,141.27 | |
| Elder Ray (13): | 6.11 | |
| Super Trend (3,10): | 4,092.47 | |
| Zig ZAG (10): | 4,221.98 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 73.81 | |
| TEMA (21): | 4,239.90 | |
| Williams %R (14): | -30.92 | |
| Chande Momentum Oscillator (20): | 80.58 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 0.00 |
| MA7: | 4,229.66 | |
| MA20: | 4,219.75 | |
| MA50: | 4,131.64 | |
| MA100: | 4,190.13 | |
| MAexp7: | 4,224.53 | |
| MAexp20: | 4,207.91 | |
| MAexp50: | 4,179.98 | |
| MAexp100: | 4,160.12 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | -0.05% | |
| Price / MA50: | +2.08% | |
| Price / MA100: | +0.65% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | +0.90% | |
| Price / MAexp100: | +1.38% |
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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