NORTHERN TRUST CORP. - Daily - Technical analysis published on 07/16/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 25.44 USD
My targets
25.17 USD (-0.98%)
24.87 USD (-2.16%)
My analysis
NORTHERN TRUST CORP. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 25.44 USD. The next support located at 25.17 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 24.87 USD. Below this support, sellers could then target 24.40 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NORTHERN TRUST CORP. price is 25.42 USD. On the day, this instrument gained +0.04% and was between 25.38 USD and 25.42 USD. This implies that the price is at +0.16% from its lowest and at 0% from its highest.25.38
25.42
25.42
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NORTHERN TRUST CORP. indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.40 | 24.87 | 25.17 | 25.42 | 25.44 | 25.68 | 26.37 |
| Change (%) | -4.01% | -2.16% | -0.98% | - | +0.08% | +1.02% | +3.74% |
| Change | -1.02 | -0.55 | -0.25 | - | +0.02 | +0.26 | +0.95 |
| Level | Intermediate | Minor | Major | - | Major | Major | Major |
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 | 25.32 | 25.34 | 25.38 | 25.40 | 25.43 | 25.45 | 25.49 |
| Camarilla | 25.40 | 25.40 | 25.41 | 25.41 | 25.42 | 25.42 | 25.43 |
| Woodie | 25.33 | 25.35 | 25.38 | 25.40 | 25.44 | 25.46 | 25.49 |
| Fibonacci | 25.34 | 25.36 | 25.38 | 25.40 | 25.42 | 25.43 | 25.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.15 | 25.24 | 25.30 | 25.39 | 25.45 | 25.53 | 25.59 |
| Camarilla | 25.32 | 25.33 | 25.35 | 25.36 | 25.37 | 25.39 | 25.40 |
| Woodie | 25.14 | 25.23 | 25.29 | 25.38 | 25.43 | 25.52 | 25.58 |
| Fibonacci | 25.24 | 25.30 | 25.33 | 25.39 | 25.44 | 25.48 | 25.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.68 | 24.46 | 24.84 | 25.62 | 26.00 | 26.78 | 27.16 |
| Camarilla | 24.91 | 25.02 | 25.12 | 25.23 | 25.34 | 25.44 | 25.55 |
| Woodie | 23.49 | 24.36 | 24.65 | 25.52 | 25.81 | 26.68 | 26.97 |
| Fibonacci | 24.46 | 24.90 | 25.17 | 25.62 | 26.06 | 26.33 | 26.78 |
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): | 42.86 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | -10.24 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 25.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.25 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 25.72 | |
| Zig ZAG (10): | 25.42 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 40.07 | |
| TEMA (21): | 25.28 | |
| Williams %R (14): | -57.28 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 1.07 |
| MA7: | 25.39 | |
| MA20: | 25.43 | |
| MA50: | 25.70 | |
| MA100: | 25.62 | |
| MAexp7: | 25.39 | |
| MAexp20: | 25.48 | |
| MAexp50: | 25.60 | |
| MAexp100: | 25.64 | |
| Price / MA7: | +0.12% | |
| Price / MA20: | -0.04% | |
| Price / MA50: | -1.09% | |
| Price / MA100: | -0.78% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | -0.70% | |
| Price / MAexp100: | -0.86% |
This member declared not having a position on this financial instrument or a related financial instrument.
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