Free NYSE Arca Pharmaceutical Index (DRG) Technical Analysis Signals

Overal Signal
Buy
Signals
Buy Buy Hold Neutral
Last Update / Period
06 Dec / Daily
Category/Currency
Indexes/USD
Exchange/Country
NYS/--

NYSE Arca Pharmaceutical Index (DRG) signal with technical analysis on 06 Dec

On 06 Dec, we conducted a comprehensive technical analysis of NYSE Arca Pharmaceutical Index (DRG), considering 256 signals with intricate details. Here are the key findings: 115 signals suggested buy strategies, while 44 indicated sell strategies. The remaining 97 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 26
Sell Signals: 12
Neutral Signals: 26
Result: This strategy leads to a Buy position.

Strategy 2:
Buy Signals: 33
Sell Signals: 7
Neutral Signals: 24
Result: This strategy leads to a Buy position.

Strategy 3:
Buy Signals: 32
Sell Signals: 9
Neutral Signals: 23
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 24
Sell Signals: 16
Neutral Signals: 24
Result: This strategy leads to a Neutral position.

Overall Strategy:
Buy Signals: 115
Sell Signals: 44
Neutral Signals: 97
Result: This strategy leads to a Buy position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your NYSE Arca Pharmaceutical Index (DRG) investments, we highly recommend visiting the "magicalprediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for NYSE Arca Pharmaceutical Index (DRG) on , there seems to be a tendency toward a buy signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and any investment decision should be made carefully. Consider the overall market conditions and how your choices align with your specific investment goals.


Based on the above signals, we recommend the following strategies:

NYSE Arca Pharmaceutical Index (DRG) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, holding your position may be a good strategy according to our signals. However, always exercise caution and monitor market developments closely.

NYSE Arca Pharmaceutical Index (DRG) trading strategy for those in sell positions (short positions): If you are currently in a sell (short) position, it is recommended to choose the optimal time to exit based on our signal combination. If you have a higher risk tolerance, consider waiting for market movements in the coming days.

For new positions: If you are not currently in the market or are considering switching to a buy (long) position, it’s advisable to consider the projected price range. This range represents a potential upside of 5.03%, determined by the highest predicted price. However, before deciding to enter a buy position, be cautious and conduct thorough research to ensure it aligns with your risk tolerance and investment goals.

In all your trading endeavors, implementing a well-defined stop-loss strategy is crucial for managing potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we suggest utilizing the "predict-price" website, which offers both short-term and long-term predictions for free. This can help you make more informed decisions regarding your **NYSE Arca Pharmaceutical Index (DRG)** holdings.

NYSE Arca Pharmaceutical Index (DRG) Price Analysis and Resistance Levels:

Given our current long position in NYSE Arca Pharmaceutical Index (DRG), analyzing key resistance levels is crucial to better understand its price movement. These levels are important benchmarks for our strategy, and we will explore multiple scenarios to provide a comprehensive outlook.

First resistance level (1019.88): The primary hurdle we face is the 1019.88 price level. If the current trend remains unchanged, NYSE Arca Pharmaceutical Index (DRG) could break above this level, signaling its strength and potential for further growth.

Second resistance level (1036.47): If the upward trend continues with significant strength, we may see NYSE Arca Pharmaceutical Index (DRG) cross the second resistance level at 1036.47, indicating a major upside move and a promising direction for our position.

Third resistance level (1141.59): For a more comprehensive analysis, consider a scenario where NYSE Arca Pharmaceutical Index (DRG) not only breaks the second resistance level but holds its price above this mark. If this trend continues in the coming days, NYSE Arca Pharmaceutical Index (DRG) could potentially reach the third resistance level of 1141.59.
It's essential to closely monitor these resistance levels and consider them in the broader context of market trends and indicators. To make informed decisions when trading NYSE Arca Pharmaceutical Index (DRG), stay alert and continually analyze the market. By focusing on these resistance levels and considering broader market dynamics, you can make smarter trading decisions and adapt to this dynamic market.

NYSE Arca Pharmaceutical Index (DRG) technical analysis chart

NYSE Arca Pharmaceutical Index (DRG) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 1019.88 1036.47 1141.59 -- --
Support 963.77 863.17 836.95 834.89 --
 NYSE Arca Pharmaceutical Index (DRG) Support and Resistance area (06 Dec)

NYSE Arca Pharmaceutical Index (DRG) signals list for 06 Dec

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

NYSE Arca Pharmaceutical Index (DRG) technical analysis over the past days

# Date Overal Signals ALL Signals
1 05 Dec Buy BuyHoldHoldNeutral
2 04 Dec Hold NeutralHoldHoldNeutral
3 03 Dec Buy HoldHoldBuyNeutral
4 02 Dec Hold HoldHoldNeutralNeutral
5 29 Nov Buy HoldHoldBuyNeutral
6 27 Nov Buy HoldHoldNeutralNeutral
7 26 Nov Hold HoldBuyNeutralHold
8 25 Nov Hold HoldNeutralHoldHold
9 22 Nov Buy BuyHoldHoldHold
10 21 Nov Hold NeutralHoldHoldHold
11 20 Nov Hold NeutralHoldHoldHold
12 19 Nov Hold HoldHoldHoldHold
13 18 Nov Hold HoldHoldHoldHold
14 15 Nov Hold HoldHoldHoldHold
15 14 Nov Hold HoldHoldHoldHold
16 13 Nov Hold HoldHoldHoldHold
17 12 Nov Hold HoldHoldHoldHold
18 11 Nov Sell SellHoldHoldHold
19 08 Nov Hold NeutralHoldHoldHold
20 07 Nov Hold HoldHoldHoldHold
21 06 Nov Hold HoldHoldHoldHold
22 05 Nov Hold HoldHoldHoldHold
23 04 Nov Hold HoldHoldHoldHold
24 01 Nov Hold HoldHoldHoldHold
25 31 Oct Hold HoldHoldHoldHold
26 30 Oct Hold HoldHoldHoldHold
27 29 Oct Hold HoldHoldHoldHold
28 28 Oct Hold HoldHoldHoldHold
29 25 Oct Hold HoldHoldHoldHold
30 24 Oct Hold HoldHoldHoldHold

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