NASDAQ INSURANCE INDEX - Daily - Technical analysis published on 05/12/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 8,128.47 USD
My targets
7,405.99 USD (-2.57%)
6,817.13 USD (-10.31%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 8,128.47 USD remains possible. It is advisable to trade NASDAQ INSURANCE INDEX with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 8,128.47 USD. The next bearish objective for sellers is set at 7,405.99 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6,817.13 USD. In case of crossing, the next objective would be the support located at 5,684.71 USD. PS: if there is a bullish break in the resistance located at 8,128.47 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
0
10
1.1
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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 INSURANCE INDEX price is 7,601.06 USD. On the day, this instrument gained -0.99% with the lowest point at 7,549.38 USD and the highest point at 7,701.38 USD. The deviation from the price is +0.68% for the low point and -1.30% for the high point.7,549.38
7,701.38
7,601.06
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this NASDAQ INSURANCE INDEX chart shows a bearish trend. The signals given by moving averages are 75% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 4,435.90 | 5,684.71 | 7,405.99 | 7,601.06 | 9,074.21 | 10,380.20 |
| Change (%) | -41.64% | -25.21% | -2.57% | - | +19.38% | +36.56% |
| Change | -3,165.16 | -1,916.35 | -195.07 | - | +1,473.15 | +2,779.14 |
| Level | Intermediate | Major | Major | - | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 7,420.84 | 7,475.59 | 7,576.30 | 7,631.05 | 7,731.75 | 7,786.50 | 7,887.20 |
| Camarilla | 7,634.25 | 7,648.50 | 7,662.75 | 7,677.00 | 7,691.25 | 7,705.50 | 7,719.75 |
| Woodie | 7,443.82 | 7,487.08 | 7,599.27 | 7,642.53 | 7,754.73 | 7,797.99 | 7,910.18 |
| Fibonacci | 7,475.59 | 7,534.98 | 7,571.66 | 7,631.05 | 7,690.43 | 7,727.12 | 7,786.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,875.14 | 7,039.03 | 7,358.02 | 7,521.91 | 7,840.89 | 8,004.78 | 8,323.76 |
| Camarilla | 7,544.21 | 7,588.47 | 7,632.73 | 7,677.00 | 7,721.26 | 7,765.53 | 7,809.79 |
| Woodie | 6,952.69 | 7,077.81 | 7,435.56 | 7,560.68 | 7,918.43 | 8,043.55 | 8,401.31 |
| Fibonacci | 7,039.03 | 7,223.49 | 7,337.45 | 7,521.91 | 7,706.36 | 7,820.32 | 8,004.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,505.79 | 6,139.11 | 6,817.13 | 7,450.45 | 8,128.47 | 8,761.79 | 9,439.81 |
| Camarilla | 7,134.54 | 7,254.75 | 7,374.95 | 7,495.16 | 7,615.36 | 7,735.57 | 7,855.78 |
| Woodie | 5,528.15 | 6,150.28 | 6,839.49 | 7,461.62 | 8,150.83 | 8,772.96 | 9,462.17 |
| Fibonacci | 6,139.11 | 6,640.04 | 6,949.51 | 7,450.45 | 7,951.38 | 8,260.85 | 8,761.79 |
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): | 50.42 | |
| MACD (12,26,9): | -66.5200 | |
| Directional Movement: | -3.72 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 7,406.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,865.55 | |
| Elder Ray (13): | 121.30 | |
| Super Trend (3,10): | 6,880.43 | |
| Zig ZAG (10): | 7,601.06 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 67.63 | |
| TEMA (21): | 7,558.56 | |
| Williams %R (14): | -31.51 | |
| Chande Momentum Oscillator (20): | 253.21 | |
| Repulse (5,40,3): | 0.6100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1600 | |
| Courbe Coppock: | 3.24 |
| MA7: | 7,447.22 | |
| MA20: | 7,538.52 | |
| MA50: | 7,661.12 | |
| MA100: | 8,901.31 | |
| MAexp7: | 7,514.50 | |
| MAexp20: | 7,524.47 | |
| MAexp50: | 7,896.68 | |
| MAexp100: | 8,495.62 | |
| Price / MA7: | +2.07% | |
| Price / MA20: | +0.83% | |
| Price / MA50: | -0.78% | |
| Price / MA100: | -14.61% | |
| Price / MAexp7: | +1.15% | |
| Price / MAexp20: | +1.02% | |
| Price / MAexp50: | -3.74% | |
| Price / MAexp100: | -10.53% |
This member declared not having a position on this financial instrument or a related financial instrument.
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