NASDAQ HEALTH CARE - 1H - Technical analysis published on 11/03/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1,244.97 USD
My targets
1,287.73 USD (+1.94%)
1,320.76 USD (+4.56%)
My analysis
The bullish trend is currently very strong on NASDAQ HEALTH CARE. As long as the price remains above the support at 1,244.97 USD, you could try to benefit from the boom. The first bullish objective is located at 1,287.73 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,320.76 USD as an objective. Crossing it would then enable buyers to target 1,356.39 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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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 HEALTH CARE price is 1,263.18 USD. On the day, this instrument gained +0.42% and was between 1,254.07 USD and 1,264.70 USD. This implies that the price is at +0.73% from its lowest and at -0.12% from its highest.1,254.07
1,264.70
1,263.18
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 HEALTH CARE in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1,230.88 | 1,244.97 | 1,261.92 | 1,263.18 | 1,287.73 | 1,320.76 | 1,356.39 |
| Change (%) | -2.56% | -1.44% | -0.10% | - | +1.94% | +4.56% | +7.38% |
| Change | -32.30 | -18.21 | -1.26 | - | +24.55 | +57.58 | +93.21 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,225.11 | 1,231.68 | 1,244.80 | 1,251.37 | 1,264.49 | 1,271.06 | 1,284.18 |
| Camarilla | 1,252.50 | 1,254.30 | 1,256.11 | 1,257.91 | 1,259.72 | 1,261.52 | 1,263.33 |
| Woodie | 1,228.38 | 1,233.32 | 1,248.07 | 1,253.01 | 1,267.76 | 1,272.70 | 1,287.45 |
| Fibonacci | 1,231.68 | 1,239.21 | 1,243.85 | 1,251.37 | 1,258.90 | 1,263.54 | 1,271.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,186.89 | 1,196.13 | 1,213.76 | 1,223.00 | 1,240.63 | 1,249.87 | 1,267.50 |
| Camarilla | 1,223.99 | 1,226.45 | 1,228.92 | 1,231.38 | 1,233.84 | 1,236.31 | 1,238.77 |
| Woodie | 1,191.08 | 1,198.23 | 1,217.95 | 1,225.10 | 1,244.82 | 1,251.97 | 1,271.69 |
| Fibonacci | 1,196.13 | 1,206.40 | 1,212.74 | 1,223.00 | 1,233.27 | 1,239.61 | 1,249.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,151.89 | 1,168.13 | 1,199.76 | 1,216.00 | 1,247.63 | 1,263.87 | 1,295.50 |
| Camarilla | 1,218.22 | 1,222.60 | 1,226.99 | 1,231.38 | 1,235.77 | 1,240.16 | 1,244.54 |
| Woodie | 1,159.58 | 1,171.98 | 1,207.45 | 1,219.85 | 1,255.32 | 1,267.72 | 1,303.19 |
| Fibonacci | 1,168.13 | 1,186.42 | 1,197.72 | 1,216.00 | 1,234.29 | 1,245.59 | 1,263.87 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 72.45 | |
| MACD (12,26,9): | 8.7800 | |
| Directional Movement: | 20.45 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 1,258.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,243.47 | |
| Elder Ray (13): | 7.78 | |
| Super Trend (3,10): | 1,243.05 | |
| Zig ZAG (10): | 1,263.76 | |
| VORTEX (21): | 1.3100 | |
| Stochastique (14,3,5): | 96.37 | |
| TEMA (21): | 1,261.96 | |
| Williams %R (14): | -0.50 | |
| Chande Momentum Oscillator (20): | 13.75 | |
| Repulse (5,40,3): | 1.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 2.93 |
| MA7: | 1,237.05 | |
| MA20: | 1,215.52 | |
| MA50: | 1,258.43 | |
| MA100: | 1,264.24 | |
| MAexp7: | 1,255.59 | |
| MAexp20: | 1,247.08 | |
| MAexp50: | 1,234.22 | |
| MAexp100: | 1,226.63 | |
| Price / MA7: | +2.11% | |
| Price / MA20: | +3.92% | |
| Price / MA50: | +0.38% | |
| Price / MA100: | -0.08% | |
| Price / MAexp7: | +0.60% | |
| Price / MAexp20: | +1.29% | |
| Price / MAexp50: | +2.35% | |
| Price / MAexp100: | +2.98% |
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.
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