Londinia Opportunities Analyses - 09/23/2022 (GMT) NORTONLIFELOCK INC. - 1H

Type:	Stocks
Ticker:	NLOK
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under 20.76 USD

My targets

20.40 USD (-0.87%)

19.53 USD (-5.10%)

My analysis

NORTONLIFELOCK INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 20.76 USD. The next support located at 20.40 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 19.53 USD. Below this support, sellers could then target 17.46 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

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.

Additional analysis

Quotes

NORTONLIFELOCK INC. rating 20.58 USD. On the day, this instrument lost -3.24% with the lowest point at 20.44 USD and the highest point at 21.33 USD. The deviation from the price is +0.68% for the low point and -3.52% for the high point.

20.44

21.33

20.58

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this NORTONLIFELOCK INC. chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. 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

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	15.69	17.46	19.53	20.58	20.76	21.65	21.92
Change (%)	-23.76%	-15.16%	-5.10%	-	+0.87%	+5.20%	+6.51%
Change	-4.89	-3.12	-1.05	-	+0.18	+1.07	+1.34
Level	Minor	Major	Intermediate	-	Intermediate	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.52	20.74	21.01	21.23	21.50	21.72	21.99
Camarilla	21.14	21.18	21.23	21.27	21.32	21.36	21.41
Woodie	20.54	20.75	21.03	21.24	21.52	21.73	22.01
Fibonacci	20.74	20.93	21.05	21.23	21.42	21.54	21.72

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.19	19.54	20.40	21.75	22.61	23.96	24.82
Camarilla	20.65	20.86	21.06	21.26	21.46	21.67	21.87
Woodie	17.95	19.42	20.16	21.63	22.37	23.84	24.58
Fibonacci	19.54	20.38	20.91	21.75	22.59	23.12	23.96

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.94	19.70	21.15	23.91	25.36	28.12	29.57
Camarilla	21.43	21.82	22.20	22.59	22.98	23.36	23.75
Woodie	16.28	19.37	20.49	23.58	24.70	27.79	28.91
Fibonacci	19.70	21.31	22.31	23.91	25.52	26.52	28.12

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):	31.58
MACD (12,26,9):	-0.1400
Directional Movement:	-18.05
AROON (14):	-100.00
DEMA (21):	20.90
Parabolic SAR (0,02-0,02-0,2):	21.45
Elder Ray (13):	-0.41
Super Trend (3,10):	21.20
Zig ZAG (10):	20.51
VORTEX (21):	0.8700
Stochastique (14,3,5):	6.02
TEMA (21):	20.87
Williams %R (14):	-93.75
Chande Momentum Oscillator (20):	-0.53
Repulse (5,40,3):	-2.2600
ROCnROLL:	2
TRIX (15,9):	-0.0400
Courbe Coppock:	4.07

MA7:	21.14
MA20:	22.07
MA50:	23.37
MA100:	23.35
MAexp7:	20.85
MAexp20:	21.06
MAexp50:	21.33
MAexp100:	21.78
Price / MA7:	-2.65%
Price / MA20:	-6.75%
Price / MA50:	-11.94%
Price / MA100:	-11.86%
Price / MAexp7:	-1.29%
Price / MAexp20:	-2.28%
Price / MAexp50:	-3.52%
Price / MAexp100:	-5.51%

Quotes : - 15 min delayed data - Actions NASDAQ

News

Don't forget to follow the news on NORTONLIFELOCK INC.. At the time of publication of this analysis, the latest news was as follows: