NOVA - Daily - Technical analysis published on 08/29/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Slightly bullish
Technical indicators
6%
56%
39%
My opinion
Neutral between 26.87 USD and 27.65 USD
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 26.87 USD. The first resistance is located at 27.65 USD. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by NOVA MEASURING INSTRUMENTS.
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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 NOVA MEASURING INSTRUMENTS rating is 27.18 USD. The price registered a decrease of -0.88% on the session with the lowest point at 26.98 USD and the highest point at 27.52 USD. The deviation from the price is +0.74% for the low point and -1.24% for the high point.26.98
27.52
27.18
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NOVA MEASURING INSTRUMENTS:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NOVA MEASURING INSTRUMENTS in Daily shows an overall slightly bullish trend. 50% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that this slightly bullish trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
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 | 24.37 | 24.97 | 26.87 | 27.18 | 27.65 | 28.77 | 29.39 |
| Change (%) | -10.34% | -8.13% | -1.14% | - | +1.73% | +5.85% | +8.13% |
| Change | -2.81 | -2.21 | -0.31 | - | +0.47 | +1.59 | +2.21 |
| Level | Intermediate | Major | Intermediate | - | 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 | 26.24 | 26.68 | 27.05 | 27.48 | 27.86 | 28.29 | 28.66 |
| Camarilla | 27.20 | 27.27 | 27.35 | 27.42 | 27.49 | 27.57 | 27.64 |
| Woodie | 26.21 | 26.66 | 27.02 | 27.47 | 27.82 | 28.28 | 28.63 |
| Fibonacci | 26.68 | 26.99 | 27.18 | 27.48 | 27.79 | 27.98 | 28.29 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.26 | 27.06 | 27.49 | 28.29 | 28.72 | 29.52 | 29.95 |
| Camarilla | 27.59 | 27.71 | 27.82 | 27.93 | 28.04 | 28.16 | 28.27 |
| Woodie | 26.09 | 26.97 | 27.32 | 28.20 | 28.55 | 29.43 | 29.78 |
| Fibonacci | 27.06 | 27.53 | 27.82 | 28.29 | 28.76 | 29.05 | 29.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.98 | 22.90 | 25.97 | 27.89 | 30.96 | 32.88 | 35.95 |
| Camarilla | 27.68 | 28.14 | 28.59 | 29.05 | 29.51 | 29.97 | 30.42 |
| Woodie | 21.57 | 23.19 | 26.56 | 28.18 | 31.55 | 33.17 | 36.54 |
| Fibonacci | 22.90 | 24.80 | 25.98 | 27.89 | 29.79 | 30.97 | 32.88 |
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): | 44.84 | |
| MACD (12,26,9): | 0.1500 | |
| Directional Movement: | -3.92 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 28.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.69 | |
| Elder Ray (13): | -0.69 | |
| Super Trend (3,10): | 29.57 | |
| Zig ZAG (10): | 27.18 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 24.84 | |
| TEMA (21): | 27.98 | |
| Williams %R (14): | -90.48 | |
| Chande Momentum Oscillator (20): | -0.78 | |
| Repulse (5,40,3): | -2.8400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 0.77 |
| MA7: | 28.04 | |
| MA20: | 28.05 | |
| MA50: | 26.97 | |
| MA100: | 26.96 | |
| MAexp7: | 27.80 | |
| MAexp20: | 27.90 | |
| MAexp50: | 27.36 | |
| MAexp100: | 26.80 | |
| Price / MA7: | -3.07% | |
| Price / MA20: | -3.10% | |
| Price / MA50: | +0.78% | |
| Price / MA100: | +0.82% | |
| Price / MAexp7: | -2.23% | |
| Price / MAexp20: | -2.58% | |
| Price / MAexp50: | -0.66% | |
| Price / MAexp100: | +1.42% |
News
The last news published on NOVA MEASURING INSTRUMENTS at the time of the generation of this analysis was as follows:
- Nova to Report First Quarter 2019 Financial Results on May 1, 2019
- Nova to Report Fourth Quarter and Full Year 2018 Results on February 13, 2019
- Nova to Present at the 21st Annual Needham Growth Conference
- Research Report Identifies Merrimack Pharmaceuticals, PNM Resources, Inc. (Holding Co.), Carrols Restaurant Group, American Axle & Manufacturing, CBIZ, and Nova Measuring Instruments with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement
- Nova Announces $25 Million Share Repurchase Program
This member declared not having a position on this financial instrument or a related financial instrument.
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