NEO - NEO/USD - 1H - Technical analysis published on 07/08/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
NEO - NEO/USD Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 16.80 USD
My targets
17.54 USD (+0.57%)
18.00 USD (+3.21%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on NEO - NEO/USD. This is a positive signal for buyers. As long as the price remains above 16.80 USD, a purchase could be considered. The first bullish objective is located at 17.54 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 18.00 USD as an objective. Crossing it would then enable buyers to target 18.39 USD. In the event of a return below 16.80 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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.
Additional analysis
Quotes
The NEO - NEO/USD rating is 17.44 USD. On the day, this instrument gained +0.98% and was between 16.93 USD and 17.75 USD. This implies that the price is at +3.01% from its lowest and at -1.75% from its highest.16.93
17.75
17.44
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of NEO - NEO/USD in 1H shows an overall bullish trend. 75% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.70 | 16.07 | 16.80 | 17.44 | 17.54 | 18.00 | 18.39 |
| Change (%) | -9.98% | -7.86% | -3.67% | - | +0.57% | +3.21% | +5.45% |
| Change | -1.74 | -1.37 | -0.64 | - | +0.10 | +0.56 | +0.95 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | 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 | 16.02 | 16.29 | 16.78 | 17.05 | 17.54 | 17.81 | 18.30 |
| Camarilla | 17.06 | 17.13 | 17.20 | 17.27 | 17.34 | 17.41 | 17.48 |
| Woodie | 16.13 | 16.34 | 16.89 | 17.10 | 17.65 | 17.86 | 18.41 |
| Fibonacci | 16.29 | 16.58 | 16.76 | 17.05 | 17.34 | 17.52 | 17.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.65 | 14.17 | 15.56 | 17.08 | 18.47 | 19.99 | 21.38 |
| Camarilla | 16.14 | 16.41 | 16.67 | 16.94 | 17.21 | 17.47 | 17.74 |
| Woodie | 12.57 | 14.14 | 15.48 | 17.05 | 18.40 | 19.96 | 21.31 |
| Fibonacci | 14.17 | 15.28 | 15.97 | 17.08 | 18.19 | 18.88 | 19.99 |
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): | 56.93 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 7.13 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 17.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.04 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 17.02 | |
| Zig ZAG (10): | 17.44 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 55.69 | |
| TEMA (21): | 17.47 | |
| Williams %R (14): | -47.56 | |
| Chande Momentum Oscillator (20): | 0.17 | |
| Repulse (5,40,3): | -1.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 2.74 |
| MA7: | 17.37 | |
| MA20: | 17.07 | |
| MA50: | 14.38 | |
| MA100: | 12.61 | |
| MAexp7: | 17.39 | |
| MAexp20: | 17.27 | |
| MAexp50: | 17.16 | |
| MAexp100: | 17.18 | |
| Price / MA7: | +0.40% | |
| Price / MA20: | +2.17% | |
| Price / MA50: | +21.28% | |
| Price / MA100: | +38.30% | |
| Price / MAexp7: | +0.29% | |
| Price / MAexp20: | +0.98% | |
| Price / MAexp50: | +1.63% | |
| Price / MAexp100: | +1.51% |
This member declared not having a position on this financial instrument or a related financial instrument.
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