VERISK ANALYTICS INC. - 1H - Technical analysis published on 05/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
67%
17%
My opinion
Bearish under 254.13 USD
My targets
237.35 USD (-4.66%)
232.27 USD (-6.70%)
My analysis
The strong short-term decline in VERISK ANALYTICS INC. calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 254.13 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 237.35 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 232.27 USD as an objective. Crossing it would then enable sellers to target 226.35 USD. Be careful, a return to above 254.13 USD could jeopardize the reversal.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2
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Additional analysis
Quotes
The VERISK ANALYTICS INC. rating is 248.95 USD. The price is lower by -0.12% since the last closing with the lowest point at 247.55 USD and the highest point at 250.62 USD. The deviation from the price is +0.57% for the low point and -0.67% for the high point.247.55
250.62
248.95
Here is a more detailed summary of the historical variations registered by VERISK ANALYTICS INC.:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of VERISK ANALYTICS INC. in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
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 horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 232.27 | 237.35 | 247.74 | 248.95 | 254.13 |
| Change (%) | -6.70% | -4.66% | -0.49% | - | +2.08% |
| Change | -16.68 | -11.60 | -1.21 | - | +5.18 |
| Level | Minor | Intermediate | Major | - | 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 | 241.60 | 245.08 | 247.17 | 250.65 | 252.74 | 256.22 | 258.31 |
| Camarilla | 247.72 | 248.23 | 248.74 | 249.25 | 249.76 | 250.27 | 250.78 |
| Woodie | 240.90 | 244.73 | 246.47 | 250.30 | 252.04 | 255.87 | 257.61 |
| Fibonacci | 245.08 | 247.21 | 248.53 | 250.65 | 252.78 | 254.10 | 256.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 240.97 | 243.20 | 247.41 | 249.64 | 253.85 | 256.08 | 260.29 |
| Camarilla | 249.85 | 250.44 | 251.03 | 251.62 | 252.21 | 252.80 | 253.39 |
| Woodie | 241.96 | 243.70 | 248.40 | 250.14 | 254.84 | 256.58 | 261.28 |
| Fibonacci | 243.20 | 245.66 | 247.18 | 249.64 | 252.10 | 253.62 | 256.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 193.63 | 205.49 | 211.72 | 223.58 | 229.81 | 241.67 | 247.90 |
| Camarilla | 212.99 | 214.64 | 216.30 | 217.96 | 219.62 | 221.28 | 222.94 |
| Woodie | 190.83 | 204.08 | 208.92 | 222.17 | 227.01 | 240.26 | 245.10 |
| Fibonacci | 205.49 | 212.40 | 216.67 | 223.58 | 230.49 | 234.76 | 241.67 |
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): | 33.94 | |
| MACD (12,26,9): | -0.4300 | |
| Directional Movement: | -1.99 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 250.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 253.13 | |
| Elder Ray (13): | -1.56 | |
| Super Trend (3,10): | 252.71 | |
| Zig ZAG (10): | 248.39 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 12.29 | |
| TEMA (21): | 249.76 | |
| Williams %R (14): | -83.16 | |
| Chande Momentum Oscillator (20): | -4.25 | |
| Repulse (5,40,3): | -0.9600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.29 |
| MA7: | 251.14 | |
| MA20: | 243.45 | |
| MA50: | 234.37 | |
| MA100: | 237.66 | |
| MAexp7: | 249.40 | |
| MAexp20: | 250.91 | |
| MAexp50: | 250.10 | |
| MAexp100: | 246.47 | |
| Price / MA7: | -0.87% | |
| Price / MA20: | +2.26% | |
| Price / MA50: | +6.22% | |
| Price / MA100: | +4.75% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.78% | |
| Price / MAexp50: | -0.46% | |
| Price / MAexp100: | +1.01% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on VERISK ANALYTICS INC. at the time of the analysis were as follows:
- Verisk Analytics, Inc. Prices Offering of Senior Notes
- Verisk Analytics, Inc. Announces Tender Offer for up to $400 million Principal Amount of Outstanding Debt
- Verisk Reports First-Quarter 2024 Financial Results
- Verisk to Announce Fiscal First-Quarter 2024 Results on May 1, 2024
- Verisk Pioneers New Approach to Catastrophe Risk with Release of Next Generation Models
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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