Londinia Opportunities Analyses - 06/07/2023 (GMT) NEWMARKET CORP - 1H
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 400.35 USD
My targets
411.55 USD (+1.45%)
420.79 USD (+3.73%)
My analysis
The bullish trend is currently very strong on NEWMARKET CORP. As long as the price remains above the support at 400.35 USD, you could try to benefit from the boom. The first bullish objective is located at 411.55 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 420.79 USD as an objective. Crossing it would then enable buyers to target 444.45 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6
Analysis too old. There are no more charts available.
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
NEWMARKET CORP rating 405.65 USD. The price registered an increase of +0.71% on the session and was traded between 402.86 USD and 405.65 USD over the period. The price is currently at +0.69% from its lowest and 0% from its highest.402.86
405.65
405.65
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NEWMARKET CORP in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 387.16 | 400.35 | 404.60 | 405.65 | 411.55 | 420.79 | 444.45 |
| Change (%) | -4.56% | -1.31% | -0.26% | - | +1.45% | +3.73% | +9.56% |
| Change | -18.49 | -5.30 | -1.05 | - | +5.90 | +15.14 | +38.80 |
| Level | Minor | Major | Minor | - | Intermediate | Major | Minor |
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 | 396.66 | 398.30 | 400.56 | 402.20 | 404.46 | 406.10 | 408.36 |
| Camarilla | 401.74 | 402.10 | 402.45 | 402.81 | 403.17 | 403.53 | 403.88 |
| Woodie | 396.96 | 398.46 | 400.86 | 402.36 | 404.76 | 406.26 | 408.66 |
| Fibonacci | 398.30 | 399.79 | 400.71 | 402.20 | 403.69 | 404.61 | 406.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 375.04 | 382.11 | 395.76 | 402.83 | 416.48 | 423.55 | 437.20 |
| Camarilla | 403.71 | 405.61 | 407.51 | 409.41 | 411.31 | 413.21 | 415.11 |
| Woodie | 378.33 | 383.76 | 399.05 | 404.48 | 419.77 | 425.20 | 440.49 |
| Fibonacci | 382.11 | 390.03 | 394.92 | 402.83 | 410.75 | 415.64 | 423.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 365.68 | 376.42 | 383.12 | 393.86 | 400.56 | 411.30 | 418.00 |
| Camarilla | 385.02 | 386.62 | 388.22 | 389.82 | 391.42 | 393.02 | 394.62 |
| Woodie | 363.66 | 375.41 | 381.10 | 392.85 | 398.54 | 410.29 | 415.98 |
| Fibonacci | 376.42 | 383.08 | 387.20 | 393.86 | 400.52 | 404.64 | 411.30 |
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): | 1.3800 | |
| Directional Movement: | 18.20 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 404.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 405.81 | |
| Elder Ray (13): | 1.45 | |
| Super Trend (3,10): | 408.48 | |
| Zig ZAG (10): | 405.00 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 80.89 | |
| TEMA (21): | 404.43 | |
| Williams %R (14): | -4.10 | |
| Chande Momentum Oscillator (20): | 5.88 | |
| Repulse (5,40,3): | 0.3900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 0.41 |
| MA7: | 399.91 | |
| MA20: | 397.01 | |
| MA50: | 383.83 | |
| MA100: | 364.68 | |
| MAexp7: | 403.64 | |
| MAexp20: | 402.21 | |
| MAexp50: | 399.96 | |
| MAexp100: | 397.36 | |
| Price / MA7: | +1.44% | |
| Price / MA20: | +2.18% | |
| Price / MA50: | +5.68% | |
| Price / MA100: | +11.23% | |
| Price / MAexp7: | +0.50% | |
| Price / MAexp20: | +0.86% | |
| Price / MAexp50: | +1.42% | |
| Price / MAexp100: | +2.09% |
Quotes :
-
15 min delayed data
-
Actions NYSE
News
The last news published on NEWMARKET CORP at the time of the generation of this analysis was as follows:
NewMarket