NASDAQ100 INDEX

- USD (-)

- 15 min delayed data - NASDAQ US Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	NDX
ISIN:

NASDAQ100 INDEX - Weekly - Technical analysis published on 03/19/2024 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 16,573.30 USD

My targets

18,365.04 USD (+2.11%)

19,280.83 USD (+7.20%)

My analysis

The bullish trend is currently very strong on NASDAQ100 INDEX. As long as the price remains above the support at 16,573.30 USD, you could try to benefit from the boom. The first bullish objective is located at 18,365.04 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 19,280.83 USD as an objective. 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

7.9

Comment on the analysis

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.

This analysis was given by Kika. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NASDAQ100 INDEX rating 17,985.01 USD. Over 5 days, this instrument lost -1.29% and was traded between 17,764.99 USD and 18,124.32 USD over the period. The price is currently at +1.24% from its lowest point and -0.77% from its highest point.

17,764.99

18,124.32

17,985.01

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

Technical

A technical analysis in Weekly of this NASDAQ100 INDEX chart shows a strongly bullish trend. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	12,420.54	14,109.57	16,573.30	17,985.01
Change (%)	-30.94%	-21.55%	-7.85%	-
Change	-5,564.47	-3,875.44	-1,411.71	-
Level	Minor	Major	Major	-

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	17,779.40	17,876.24	17,930.63	18,027.47	18,081.86	18,178.70	18,233.09
Camarilla	17,943.42	17,957.29	17,971.15	17,985.01	17,998.87	18,012.74	18,026.60
Woodie	17,758.17	17,865.63	17,909.40	18,016.86	18,060.63	18,168.09	18,211.86
Fibonacci	17,876.24	17,934.01	17,969.70	18,027.47	18,085.24	18,120.93	18,178.70

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17,175.99	17,470.49	17,639.37	17,933.87	18,102.75	18,397.25	18,566.13
Camarilla	17,680.82	17,723.30	17,765.77	17,808.25	17,850.73	17,893.20	17,935.68
Woodie	17,113.18	17,439.09	17,576.56	17,902.47	18,039.94	18,365.85	18,503.32
Fibonacci	17,470.49	17,647.50	17,756.86	17,933.87	18,110.88	18,220.24	18,397.25

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16,533.46	16,854.64	17,449.25	17,770.43	18,365.04	18,686.22	19,280.83
Camarilla	17,792.01	17,875.96	17,959.90	18,043.85	18,127.80	18,211.75	18,295.69
Woodie	16,670.17	16,923.00	17,585.96	17,838.79	18,501.75	18,754.58	19,417.54
Fibonacci	16,854.64	17,204.48	17,420.60	17,770.43	18,120.27	18,336.39	18,686.22

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):	66.99
MACD (12,26,9):	784.7600
Directional Movement:	15.06
AROON (14):	85.71
DEMA (21):	18,131.34
Parabolic SAR (0,02-0,02-0,2):	17,714.46
Elder Ray (13):	547.07
Super Trend (3,10):	16,507.30
Zig ZAG (10):	17,985.01
VORTEX (21):	1.3400
Stochastique (14,3,5):	79.87
TEMA (21):	18,299.28
Williams %R (14):	-19.92
Chande Momentum Oscillator (20):	1,159.08
Repulse (5,40,3):	-0.8800
ROCnROLL:	1
TRIX (15,9):	0.7000
Courbe Coppock:	22.98

MA7:	18,009.40
MA20:	17,979.93
MA50:	17,588.44
MA100:	16,716.30
MAexp7:	17,842.29
MAexp20:	17,094.61
MAexp50:	15,797.05
MAexp100:	14,676.94
Price / MA7:	-0.14%
Price / MA20:	+0.03%
Price / MA50:	+2.25%
Price / MA100:	+7.59%
Price / MAexp7:	+0.80%
Price / MAexp20:	+5.21%
Price / MAexp50:	+13.85%
Price / MAexp100:	+22.54%

Quotes : - 15 min delayed data - NASDAQ US Indices

News

Don't forget to follow the news on NASDAQ100 INDEX. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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