NEO - NEO/USD - 1H - Technical analysis published on 03/30/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 6.49 USD
My targets
6.62 USD (+0.91%)
6.74 USD (+2.74%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on NEO - NEO/USD as long as the price remains well above 6.49 USD. The buyers” bullish objective is set at 6.62 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.74 USD. If there is any crossing, the next objective would be the resistance located at 6.98 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
4.8
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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 NEO - NEO/USD price is 6.56 USD. On the day, this instrument lost +5.81% and was between 6.20 USD and 6.64 USD. This implies that the price is at +5.81% from its lowest and at -1.20% from its highest.6.20
6.64
6.56
Here is a more detailed summary of the historical variations registered by NEO - NEO/USD:
Technical
A technical analysis in 1H of this NEO - NEO/USD chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.86 | 6.25 | 6.49 | 6.56 | 6.62 | 6.74 | 6.98 |
| Change (%) | -10.67% | -4.73% | -1.07% | - | +0.91% | +2.74% | +6.40% |
| Change | -0.70 | -0.31 | -0.07 | - | +0.06 | +0.18 | +0.42 |
| Level | Intermediate | Minor | Intermediate | - | Minor | 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 | 5.49 | 5.83 | 6.01 | 6.35 | 6.53 | 6.87 | 7.05 |
| Camarilla | 6.06 | 6.11 | 6.15 | 6.20 | 6.25 | 6.30 | 6.34 |
| Woodie | 5.42 | 5.79 | 5.94 | 6.31 | 6.46 | 6.83 | 6.98 |
| Fibonacci | 5.83 | 6.03 | 6.15 | 6.35 | 6.55 | 6.67 | 6.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.60 | 5.23 | 5.94 | 6.57 | 7.28 | 7.91 | 8.62 |
| Camarilla | 6.28 | 6.40 | 6.53 | 6.65 | 6.77 | 6.90 | 7.02 |
| Woodie | 4.64 | 5.25 | 5.98 | 6.59 | 7.32 | 7.93 | 8.66 |
| Fibonacci | 5.23 | 5.74 | 6.06 | 6.57 | 7.08 | 7.40 | 7.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.54 | 6.48 | 8.84 | 12.78 | 15.14 | 19.08 | 21.44 |
| Camarilla | 9.47 | 10.05 | 10.62 | 11.20 | 11.78 | 12.36 | 12.93 |
| Woodie | 1.75 | 6.09 | 8.05 | 12.39 | 14.35 | 18.69 | 20.65 |
| Fibonacci | 6.48 | 8.89 | 10.37 | 12.78 | 15.19 | 16.67 | 19.08 |
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): | 63.35 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 14.07 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 6.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.35 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 6.39 | |
| Zig ZAG (10): | 6.53 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 75.07 | |
| TEMA (21): | 6.56 | |
| Williams %R (14): | -20.51 | |
| Chande Momentum Oscillator (20): | 0.25 | |
| Repulse (5,40,3): | -0.4700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 9.14 |
| MA7: | 6.67 | |
| MA20: | 6.42 | |
| MA50: | 10.34 | |
| MA100: | 10.35 | |
| MAexp7: | 6.52 | |
| MAexp20: | 6.46 | |
| MAexp50: | 6.47 | |
| MAexp100: | 6.53 | |
| Price / MA7: | -1.65% | |
| Price / MA20: | +2.18% | |
| Price / MA50: | -36.56% | |
| Price / MA100: | -36.62% | |
| Price / MAexp7: | +0.61% | |
| Price / MAexp20: | +1.55% | |
| Price / MAexp50: | +1.39% | |
| Price / MAexp100: | +0.46% |
This member declared not having a position on this financial instrument or a related financial instrument.
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