NOVA - Daily - Technical analysis published on 01/31/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
11%
44%
44%
My opinion
Bullish above 37.35 USD
My targets
40.93 USD (+7.68%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NOVA MEASURING INSTRUMENTS. As long as you are above the support located at 37.35 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 40.93 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 37.35 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
2.1
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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 NOVA MEASURING INSTRUMENTS price is 38.01 USD. The price registered a decrease of -2.04% on the session and was between 37.50 USD and 38.67 USD. This implies that the price is at +1.36% from its lowest and at -1.71% from its highest.37.50
38.67
38.01
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NOVA MEASURING INSTRUMENTS indicates that the overall trend is bullish. The signals given by moving averages are 75% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 31.86 | 34.12 | 37.35 | 38.01 | 40.93 |
| Change (%) | -16.18% | -10.23% | -1.74% | - | +7.68% |
| Change | -6.15 | -3.89 | -0.66 | - | +2.92 |
| Level | Major | Minor | Intermediate | - | Intermediate |
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 | 36.48 | 37.09 | 37.95 | 38.56 | 39.42 | 40.03 | 40.89 |
| Camarilla | 38.40 | 38.53 | 38.67 | 38.80 | 38.94 | 39.07 | 39.20 |
| Woodie | 36.60 | 37.15 | 38.07 | 38.62 | 39.54 | 40.09 | 41.01 |
| Fibonacci | 37.09 | 37.66 | 38.00 | 38.56 | 39.13 | 39.47 | 40.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.49 | 38.56 | 39.27 | 40.34 | 41.05 | 42.12 | 42.83 |
| Camarilla | 39.48 | 39.64 | 39.81 | 39.97 | 40.13 | 40.30 | 40.46 |
| Woodie | 37.30 | 38.47 | 39.08 | 40.25 | 40.86 | 42.03 | 42.64 |
| Fibonacci | 38.56 | 39.24 | 39.66 | 40.34 | 41.02 | 41.44 | 42.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.64 | 33.14 | 35.48 | 36.98 | 39.32 | 40.82 | 43.16 |
| Camarilla | 36.77 | 37.13 | 37.48 | 37.83 | 38.18 | 38.53 | 38.89 |
| Woodie | 32.07 | 33.35 | 35.91 | 37.19 | 39.75 | 41.03 | 43.59 |
| Fibonacci | 33.14 | 34.60 | 35.51 | 36.98 | 38.44 | 39.35 | 40.82 |
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): | 47.67 | |
| MACD (12,26,9): | 0.3800 | |
| Directional Movement: | -0.64 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 39.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 41.08 | |
| Elder Ray (13): | -0.75 | |
| Super Trend (3,10): | 41.28 | |
| Zig ZAG (10): | 38.02 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 28.79 | |
| TEMA (21): | 39.04 | |
| Williams %R (14): | -84.95 | |
| Chande Momentum Oscillator (20): | -0.98 | |
| Repulse (5,40,3): | -0.6100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2300 | |
| Courbe Coppock: | 6.28 |
| MA7: | 38.96 | |
| MA20: | 38.65 | |
| MA50: | 37.42 | |
| MA100: | 35.28 | |
| MAexp7: | 38.74 | |
| MAexp20: | 38.66 | |
| MAexp50: | 37.47 | |
| MAexp100: | 35.38 | |
| Price / MA7: | -2.44% | |
| Price / MA20: | -1.66% | |
| Price / MA50: | +1.58% | |
| Price / MA100: | +7.74% | |
| Price / MAexp7: | -1.88% | |
| Price / MAexp20: | -1.68% | |
| Price / MAexp50: | +1.44% | |
| Price / MAexp100: | +7.43% |
News
The last news published on NOVA MEASURING INSTRUMENTS at the time of the generation of this analysis was as follows:
- Nova to Report Third Quarter 2019 Financial Results on November 7, 2019
- Nova's President & CEO, Eitan Oppenhaim, Joins its Board of Directors
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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