NASDAQ INDUSTRIAL INDEX - 1H - Technical analysis published on 05/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 8,110.34 USD
My targets
8,201.94 USD (+0.30%)
8,305.33 USD (+1.56%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NASDAQ INDUSTRIAL INDEX as long as the price remains well above 8,110.34 USD. The buyers' bullish objective is set at 8,201.94 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8,305.33 USD. If there is any crossing, the next objective would be the resistance located at 8,360.53 USD.
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
0
10
5.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ INDUSTRIAL INDEX price is 8,177.37 USD. The price registered a decrease of -0.01% on the session and was traded between 8,161.42 USD and 8,198.31 USD over the period. The price is currently at +0.20% from its lowest and -0.26% from its highest.8,161.42
8,198.31
8,177.37
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NASDAQ INDUSTRIAL INDEX:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NASDAQ INDUSTRIAL INDEX chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7,985.68 | 8,110.34 | 8,165.95 | 8,177.37 | 8,201.94 | 8,305.33 | 8,360.53 |
| Change (%) | -2.34% | -0.82% | -0.14% | - | +0.30% | +1.56% | +2.24% |
| Change | -191.69 | -67.03 | -11.42 | - | +24.57 | +127.96 | +183.16 |
| Level | Intermediate | Minor | Intermediate | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,989.01 | 8,030.86 | 8,104.63 | 8,146.48 | 8,220.25 | 8,262.10 | 8,335.87 |
| Camarilla | 8,146.62 | 8,157.21 | 8,167.81 | 8,178.41 | 8,189.01 | 8,199.61 | 8,210.21 |
| Woodie | 8,004.98 | 8,038.84 | 8,120.60 | 8,154.46 | 8,236.22 | 8,270.08 | 8,351.84 |
| Fibonacci | 8,030.86 | 8,075.02 | 8,102.31 | 8,146.48 | 8,190.64 | 8,217.93 | 8,262.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,868.76 | 7,934.66 | 8,056.53 | 8,122.43 | 8,244.30 | 8,310.20 | 8,432.07 |
| Camarilla | 8,126.77 | 8,143.99 | 8,161.20 | 8,178.41 | 8,195.62 | 8,212.84 | 8,230.05 |
| Woodie | 7,896.76 | 7,948.65 | 8,084.53 | 8,136.42 | 8,272.30 | 8,324.19 | 8,460.07 |
| Fibonacci | 7,934.66 | 8,006.39 | 8,050.70 | 8,122.43 | 8,194.16 | 8,238.47 | 8,310.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,665.19 | 7,821.34 | 8,008.03 | 8,164.18 | 8,350.87 | 8,507.02 | 8,693.71 |
| Camarilla | 8,100.43 | 8,131.86 | 8,163.28 | 8,194.71 | 8,226.14 | 8,257.56 | 8,288.99 |
| Woodie | 7,680.45 | 7,828.98 | 8,023.29 | 8,171.82 | 8,366.13 | 8,514.66 | 8,708.97 |
| Fibonacci | 7,821.34 | 7,952.31 | 8,033.22 | 8,164.18 | 8,295.15 | 8,376.06 | 8,507.02 |
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): | 61.27 | |
| MACD (12,26,9): | 21.1500 | |
| Directional Movement: | 17.99 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 8,140.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,029.11 | |
| Elder Ray (13): | 48.37 | |
| Super Trend (3,10): | 8,079.43 | |
| Zig ZAG (10): | 8,167.97 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 91.03 | |
| TEMA (21): | 8,166.88 | |
| Williams %R (14): | -15.86 | |
| Chande Momentum Oscillator (20): | 137.72 | |
| Repulse (5,40,3): | -0.2300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 2.38 |
| MA7: | 8,113.57 | |
| MA20: | 8,151.12 | |
| MA50: | 8,079.93 | |
| MA100: | 7,989.14 | |
| MAexp7: | 8,156.03 | |
| MAexp20: | 8,121.14 | |
| MAexp50: | 8,116.04 | |
| MAexp100: | 8,124.27 | |
| Price / MA7: | +0.79% | |
| Price / MA20: | +0.32% | |
| Price / MA50: | +1.21% | |
| Price / MA100: | +2.36% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.69% | |
| Price / MAexp50: | +0.76% | |
| Price / MAexp100: | +0.65% |
Quotes :
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15 min delayed data
-
NASDAQ US Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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