NASDAQ HEALTH CARE - 1H - Technical analysis published on 01/26/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 948.84 USD
My targets
955.22 USD (+0.38%)
968.04 USD (+1.73%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NASDAQ HEALTH CARE as long as the price remains well above 948.84 USD. The buyers' bullish objective is set at 955.22 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 968.04 USD. If there is any crossing, the next objective would be the resistance located at 1,140.92 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ HEALTH CARE rating is 951.61 USD. The price is lower by -0.02% since the last closing and was between 946.78 USD and 958.12 USD. This implies that the price is at +0.51% from its lowest and at -0.68% from its highest.946.78
958.12
951.61
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NASDAQ HEALTH CARE indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. 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
In fact, 12 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 915.37 | 935.47 | 948.84 | 951.61 | 955.22 | 968.04 | 1,140.92 |
Change (%) | -3.81% | -1.70% | -0.29% | - | +0.38% | +1.73% | +19.89% |
Change | -36.24 | -16.14 | -2.77 | - | +3.61 | +16.43 | +189.31 |
Level | Intermediate | Intermediate | Minor | - | 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 | 931.93 | 935.95 | 943.85 | 947.87 | 955.77 | 959.79 | 967.69 |
Camarilla | 948.48 | 949.58 | 950.67 | 951.76 | 952.85 | 953.95 | 955.04 |
Woodie | 933.88 | 936.92 | 945.80 | 948.84 | 957.72 | 960.76 | 969.64 |
Fibonacci | 935.95 | 940.50 | 943.31 | 947.87 | 952.42 | 955.23 | 959.79 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 898.90 | 916.43 | 932.97 | 950.50 | 967.04 | 984.57 | 1,001.11 |
Camarilla | 940.13 | 943.25 | 946.38 | 949.50 | 952.62 | 955.75 | 958.87 |
Woodie | 898.40 | 916.18 | 932.47 | 950.25 | 966.54 | 984.32 | 1,000.61 |
Fibonacci | 916.43 | 929.45 | 937.49 | 950.50 | 963.52 | 971.56 | 984.57 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 811.44 | 849.77 | 881.20 | 919.53 | 950.96 | 989.29 | 1,020.72 |
Camarilla | 893.46 | 899.85 | 906.25 | 912.64 | 919.04 | 925.43 | 931.82 |
Woodie | 808.00 | 848.05 | 877.76 | 917.81 | 947.52 | 987.57 | 1,017.28 |
Fibonacci | 849.77 | 876.42 | 892.88 | 919.53 | 946.18 | 962.64 | 989.29 |
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): | 53.24 | |
MACD (12,26,9): | 0.2100 | |
Directional Movement: | 4.55 | |
AROON (14): | 42.86 | |
DEMA (21): | 950.06 | |
Parabolic SAR (0,02-0,02-0,2): | 941.70 | |
Elder Ray (13): | 1.23 | |
Super Trend (3,10): | 955.50 | |
Zig ZAG (10): | 951.49 | |
VORTEX (21): | 1.0100 | |
Stochastique (14,3,5): | 58.09 | |
TEMA (21): | 949.45 | |
Williams %R (14): | -36.96 | |
Chande Momentum Oscillator (20): | 9.29 | |
Repulse (5,40,3): | 0.0800 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0000 | |
Courbe Coppock: | 0.58 |
MA7: | 949.76 | |
MA20: | 934.11 | |
MA50: | 928.53 | |
MA100: | 894.06 | |
MAexp7: | 949.92 | |
MAexp20: | 949.70 | |
MAexp50: | 947.77 | |
MAexp100: | 942.03 | |
Price / MA7: | +0.19% | |
Price / MA20: | +1.87% | |
Price / MA50: | +2.49% | |
Price / MA100: | +6.44% | |
Price / MAexp7: | +0.18% | |
Price / MAexp20: | +0.20% | |
Price / MAexp50: | +0.41% | |
Price / MAexp100: | +1.02% |
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
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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