Londinia Opportunities Analyses - 01/30/2023 (GMT) NORDSTROM INC. - 1H

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	JWN
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 18.35 USD

My targets

19.09 USD (+2.58%)

19.47 USD (+4.62%)

My analysis

NORDSTROM INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 18.35 USD. The next resistance located at 19.09 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 19.47 USD. After this resistance, buyers could then target 22.47 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.6

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Additional analysis

Quotes

The NORDSTROM INC. price is 18.61 USD. The price registered an increase of +1.03% on the session and was between 18.16 USD and 18.61 USD. This implies that the price is at +2.48% from its lowest and at 0% from its highest.

18.16

18.61

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of NORDSTROM INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high 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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of triangle

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	17.24	17.81	18.35	18.61	19.09	19.47	22.47
Change (%)	-7.36%	-4.30%	-1.40%	-	+2.58%	+4.62%	+20.74%
Change	-1.37	-0.80	-0.26	-	+0.48	+0.86	+3.86
Level	Major	Minor	Minor	-	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	17.84	17.99	18.21	18.36	18.58	18.73	18.95
Camarilla	18.32	18.35	18.39	18.42	18.45	18.49	18.52
Woodie	17.87	18.01	18.24	18.38	18.61	18.75	18.98
Fibonacci	17.99	18.14	18.22	18.36	18.51	18.59	18.73

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.96	16.72	17.57	18.33	19.18	19.94	20.79
Camarilla	17.98	18.13	18.27	18.42	18.57	18.72	18.86
Woodie	16.01	16.74	17.62	18.35	19.23	19.96	20.84
Fibonacci	16.72	17.34	17.72	18.33	18.95	19.33	19.94

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.64	12.08	14.11	17.55	19.58	23.02	25.05
Camarilla	14.64	15.14	15.64	16.14	16.64	17.14	17.64
Woodie	7.94	11.73	13.41	17.20	18.88	22.67	24.35
Fibonacci	12.08	14.17	15.46	17.55	19.64	20.93	23.02

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	60.08
MACD (12,26,9):	0.0800
Directional Movement:	2.87
AROON (14):	100.00
DEMA (21):	18.44
Parabolic SAR (0,02-0,02-0,2):	17.56
Elder Ray (13):	0.13
Super Trend (3,10):	18.81
Zig ZAG (10):	18.53
VORTEX (21):	1.1700
Stochastique (14,3,5):	71.10
TEMA (21):	18.41
Williams %R (14):	-14.00
Chande Momentum Oscillator (20):	0.25
Repulse (5,40,3):	1.4800
ROCnROLL:	1
TRIX (15,9):	0.0500
Courbe Coppock:	1.86

MA7:	18.34
MA20:	17.45
MA50:	18.17
MA100:	18.62
MAexp7:	18.43
MAexp20:	18.34
MAexp50:	18.13
MAexp100:	17.80
Price / MA7:	+1.47%
Price / MA20:	+6.65%
Price / MA50:	+2.42%
Price / MA100:	-0.05%
Price / MAexp7:	+0.98%
Price / MAexp20:	+1.47%
Price / MAexp50:	+2.65%
Price / MAexp100:	+4.55%

Quotes : - 15 min delayed data - Actions NYSE

News

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