NOVARTIS N - Daily - Technical analysis published on 11/08/2019 (GMT)
- Who voted?
- 301
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 87.69 CHF
My targets
86.11 CHF (-0.40%)
83.98 CHF (-2.87%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 87.69 CHF remains possible. It is advisable to trade NOVARTIS N with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 87.69 CHF. The next bearish objective for sellers is set at 86.11 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 83.98 CHF. In case of crossing, the next objective would be the support located at 81.38 CHF. PS: if there is a bullish break in the resistance located at 87.69 CHF we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
1.1
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 NOVARTIS N price is 86.46 CHF. On the day, this instrument lost -0.56% with the lowest point at 85.97 CHF and the highest point at 87.33 CHF. The deviation from the price is +0.57% for the low point and -1.00% for the high point.85.97
87.33
86.46
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 NOVARTIS N:
Technical
A technical analysis in Daily of this NOVARTIS N chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
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 | 81.38 | 83.98 | 86.11 | 86.46 | 87.69 | 89.01 | 91.43 |
Change (%) | -5.88% | -2.87% | -0.40% | - | +1.42% | +2.95% | +5.75% |
Change | -5.08 | -2.48 | -0.35 | - | +1.23 | +2.55 | +4.97 |
Level | Minor | Intermediate | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 85.08 | 85.76 | 86.56 | 87.24 | 88.04 | 88.72 | 89.52 |
Camarilla | 86.95 | 87.09 | 87.22 | 87.36 | 87.50 | 87.63 | 87.77 |
Woodie | 85.14 | 85.79 | 86.62 | 87.27 | 88.10 | 88.75 | 89.58 |
Fibonacci | 85.76 | 86.33 | 86.68 | 87.24 | 87.81 | 88.16 | 88.72 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 82.44 | 83.34 | 85.12 | 86.02 | 87.80 | 88.70 | 90.48 |
Camarilla | 86.16 | 86.41 | 86.65 | 86.90 | 87.15 | 87.39 | 87.64 |
Woodie | 82.88 | 83.56 | 85.56 | 86.24 | 88.24 | 88.92 | 90.92 |
Fibonacci | 83.34 | 84.36 | 85.00 | 86.02 | 87.04 | 87.68 | 88.70 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 80.34 | 82.11 | 84.10 | 85.87 | 87.86 | 89.63 | 91.62 |
Camarilla | 85.06 | 85.40 | 85.75 | 86.09 | 86.44 | 86.78 | 87.12 |
Woodie | 80.45 | 82.17 | 84.21 | 85.93 | 87.97 | 89.69 | 91.73 |
Fibonacci | 82.11 | 83.55 | 84.43 | 85.87 | 87.31 | 88.19 | 89.63 |
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): | 51.06 | |
MACD (12,26,9): | 0.1600 | |
Directional Movement: | 8.91 | |
AROON (14): | 64.29 | |
DEMA (21): | 86.52 | |
Parabolic SAR (0,02-0,02-0,2): | 85.34 | |
Elder Ray (13): | 0.37 | |
Super Trend (3,10): | 88.65 | |
Zig ZAG (10): | 86.55 | |
VORTEX (21): | 0.9800 | |
Stochastique (14,3,5): | 70.85 | |
TEMA (21): | 86.93 | |
Williams %R (14): | -37.23 | |
Chande Momentum Oscillator (20): | 1.04 | |
Repulse (5,40,3): | -0.6800 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0100 | |
Courbe Coppock: | 2.08 |
MA7: | 86.82 | |
MA20: | 86.25 | |
MA50: | 86.49 | |
MA100: | 88.06 | |
MAexp7: | 86.68 | |
MAexp20: | 86.39 | |
MAexp50: | 86.61 | |
MAexp100: | 86.71 | |
Price / MA7: | -0.41% | |
Price / MA20: | +0.24% | |
Price / MA50: | -0.03% | |
Price / MA100: | -1.82% | |
Price / MAexp7: | -0.25% | |
Price / MAexp20: | +0.08% | |
Price / MAexp50: | -0.17% | |
Price / MAexp100: | -0.29% |
News
The latest news and videos published on NOVARTIS N at the time of the analysis were as follows:
- Novartis Cosentyx® shows encouraging results versus Humira®* from first-of-its-kind head-to-head trial in psoriatic arthritis
- Novartis announces AVXS-101 intrathecal study update
- Anixa Biosciences Names Novartis Executive Dr. Emanuele Ostuni to Scientific Advisory Board
- Novartis receives FDA approval for Beovu®, offering wet AMD patients vision gains and greater fluid reductions vs aflibercept
- Ascletis Appoints Former Novartis Global Head Dr. Handan He as Chief Scientific Officer
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…
Add a comment
Comments
0 comments on the analysis NOVARTIS N - Daily