NASDAQ BIOTECHNOLOGY INDEX - Daily - Technical analysis published on 06/21/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 3,370.18 USD
My targets
3,474.36 USD (+1.75%)
3,617.28 USD (+5.93%)
My analysis
NASDAQ Biotechnology Index is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3,370.18 USD. The next resistance located at 3,474.36 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3,617.28 USD. After this resistance, buyers could then target 3,724.59 USD.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ Biotechnology Index rating is 3,414.68 USD. The price registered an increase of +0.54% on the session and was traded between 3,398.08 USD and 3,457.79 USD over the period. The price is currently at +0.49% from its lowest and -1.25% from its highest.3,398.08
3,457.79
3,414.68
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
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:
Technical
Technical analysis of NASDAQ Biotechnology Index in Daily shows an overall bullish trend. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being 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 100
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,163.51 | 3,291.85 | 3,370.18 | 3,414.68 | 3,474.36 | 3,617.28 | 3,724.59 |
| Change (%) | -7.36% | -3.60% | -1.30% | - | +1.75% | +5.93% | +9.08% |
| Change | -251.17 | -122.83 | -44.50 | - | +59.68 | +202.60 | +309.91 |
| Level | Major | Major | Major | - | Major | Major | Minor |
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 | 3,351.22 | 3,360.90 | 3,378.65 | 3,388.33 | 3,406.08 | 3,415.76 | 3,433.51 |
| Camarilla | 3,388.86 | 3,391.37 | 3,393.89 | 3,396.40 | 3,398.91 | 3,401.43 | 3,403.94 |
| Woodie | 3,355.26 | 3,362.92 | 3,382.69 | 3,390.35 | 3,410.11 | 3,417.78 | 3,437.54 |
| Fibonacci | 3,360.90 | 3,371.38 | 3,377.85 | 3,388.33 | 3,398.81 | 3,405.28 | 3,415.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,140.10 | 3,177.46 | 3,206.72 | 3,244.08 | 3,273.34 | 3,310.70 | 3,339.96 |
| Camarilla | 3,217.65 | 3,223.76 | 3,229.86 | 3,235.97 | 3,242.08 | 3,248.18 | 3,254.29 |
| Woodie | 3,136.04 | 3,175.44 | 3,202.66 | 3,242.05 | 3,269.28 | 3,308.67 | 3,335.90 |
| Fibonacci | 3,177.46 | 3,202.91 | 3,218.63 | 3,244.08 | 3,269.53 | 3,285.25 | 3,310.70 |
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): | 63.52 | |
| MACD (12,26,9): | 19.3200 | |
| Directional Movement: | 20.11 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 3,302.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,237.33 | |
| Elder Ray (13): | 121.24 | |
| Super Trend (3,10): | 3,266.53 | |
| Zig ZAG (10): | 3,414.68 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 92.52 | |
| TEMA (21): | 3,350.61 | |
| Williams %R (14): | -14.33 | |
| Chande Momentum Oscillator (20): | 171.85 | |
| Repulse (5,40,3): | 0.4600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 7.29 |
| MA7: | 3,325.08 | |
| MA20: | 3,258.88 | |
| MA50: | 3,307.18 | |
| MA100: | 3,401.83 | |
| MAexp7: | 3,342.58 | |
| MAexp20: | 3,292.33 | |
| MAexp50: | 3,314.61 | |
| MAexp100: | 3,355.00 | |
| Price / MA7: | +2.69% | |
| Price / MA20: | +4.78% | |
| Price / MA50: | +3.25% | |
| Price / MA100: | +0.38% | |
| Price / MAexp7: | +2.16% | |
| Price / MAexp20: | +3.72% | |
| Price / MAexp50: | +3.02% | |
| Price / MAexp100: | +1.78% |
This member declared not having a position on this financial instrument or a related financial instrument.
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