Free NYSE Arca Pharmaceutical Index (DRG) Technical Analysis Signals

Overal Signal
Hold
Signals
Hold Hold Hold Hold
Last Update / Period
05 Nov / Daily
Category/Currency
Indexes/USD
Exchange/Country
NYS/--

NYSE Arca Pharmaceutical Index (DRG) signal with technical analysis on 05 Nov

On 05 Nov, we conducted a comprehensive technical analysis of NYSE Arca Pharmaceutical Index (DRG), considering 256 signals with intricate details. Here are the key findings: 11 signals suggested buy strategies, while 181 indicated sell strategies. The remaining 64 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: 2
Sell Signals: 45
Neutral Signals: 17
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 5
Sell Signals: 44
Neutral Signals: 15
Result: This strategy leads to a Hold position.

Strategy 3:
Buy Signals: 4
Sell Signals: 46
Neutral Signals: 14
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 0
Sell Signals: 46
Neutral Signals: 18
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 11
Sell Signals: 181
Neutral Signals: 64
Result: This strategy leads to a Hold 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 "Magic Prediction" 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 is a tendency toward a sell signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and careful consideration should be given to overall market conditions and your specific investment goals.

Based on the above signals and forecasts, 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, it is recommended to find the optimal time to exit your position based on the combination of technical analysis signals. For those with a higher risk tolerance, you may wait for the market to move further in the coming days before deciding.
NYSE Arca Pharmaceutical Index (DRG) trading strategy for those in sell positions (short positions): If you are already in a sell (short) position, holding your position may be the right strategy based on our technical analysis consensus. However, remain cautious and closely monitor market developments.
For new positions: If you are not currently invested or are considering switching to a sell (short) position, it's advisable to evaluate the expected price range, which represents a potential downside of 10.02% based on the lowest predicted price. Before entering a sell position, ensure it aligns with your risk tolerance and investment objectives by conducting thorough research.

In all trading scenarios, it is essential to implement a well-defined stop-loss strategy to manage potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we recommend the "Predict-price" website, which provides both short-term and long-term predictions for free. This resource can aid in making informed decisions regarding your **NYSE Arca Pharmaceutical Index (DRG)** holdings.

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

In our current NYSE Arca Pharmaceutical Index (DRG) position, we anticipate a potential downward trend. It is crucial to understand the key support levels, which can serve as reference points for traders to make well-informed decisions.

First Support Level: 963.77 We are closely monitoring the price at the first support level of 963.77, a critical point in our analysis. If the downward trend continues and this level is breached, it would indicate strong selling pressure and potential further price depreciation.

Second Support Level: 923.26 If the first support level at 963.77 is broken, the second support level at 923.26 becomes a key point. A break at this level suggests stronger downward momentum, likely influenced by market sentiment or external factors.

Third Support Level: 863.17 If the price continues to decline, and the second support level is breached, it signals a significant shift in market dynamics. Staying below 863.17 would indicate a persistent downward trend, with traders looking to this third support level as the next reference point.
It’s essential to closely monitor these support levels and analyze them within the broader market context. By remaining alert and consistently analyzing the market, you can make informed decisions while trading NYSE Arca Pharmaceutical Index (DRG). By paying attention to these support levels and considering broader market trends, you can adapt your trading strategies to the dynamic nature of this 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 1141.59 -- -- -- --
Support 963.77 923.26 863.17 836.95 834.89
 NYSE Arca Pharmaceutical Index (DRG) Support and Resistance area (05 Nov)

NYSE Arca Pharmaceutical Index (DRG) signals list for 05 Nov

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

NYSE Arca Pharmaceutical Index (DRG) candlestick patterns on 05 Nov

Today's NYSE Arca Pharmaceutical Index (DRG) Candle Patterns List:

Hikkake Pattern Belt-hold Closing Marubozu Long Line Candle Marubozu

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

# Date Overal Signals ALL Signals
1 04 Nov Hold HoldHoldHoldHold
2 01 Nov Hold HoldHoldHoldHold
3 31 Oct Hold HoldHoldHoldHold
4 30 Oct Hold HoldHoldHoldHold
5 29 Oct Hold HoldHoldHoldHold
6 28 Oct Hold HoldHoldHoldHold
7 25 Oct Hold HoldHoldHoldHold
8 24 Oct Hold HoldHoldHoldHold
9 23 Oct Hold HoldHoldHoldHold
10 22 Oct Hold HoldHoldHoldHold
11 21 Oct Sell HoldSellSellHold
12 18 Oct Hold HoldBuyNeutralHold
13 17 Oct Sell SellNeutralNeutralHold
14 16 Oct Hold NeutralBuyNeutralHold
15 15 Oct Hold HoldNeutralNeutralHold
16 14 Oct Hold HoldBuyNeutralHold
17 11 Oct Hold HoldNeutralNeutralHold
18 10 Oct Sell HoldSellHoldHold
19 09 Oct Buy BuyNeutralHoldHold
20 08 Oct Hold NeutralHoldHoldHold
21 07 Oct Hold NeutralHoldHoldHold
22 04 Oct Hold HoldHoldHoldHold
23 03 Oct Hold HoldHoldHoldHold
24 02 Oct Hold HoldHoldHoldHold
25 01 Oct Hold HoldHoldHoldHold
26 30 Sep Hold HoldHoldHoldHold
27 27 Sep Hold HoldHoldHoldHold
28 26 Sep Hold HoldHoldHoldHold
29 25 Sep Hold HoldHoldHoldHold
30 24 Sep Hold HoldHoldHoldHold

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