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 - Daily - Technical analysis published on 03/19/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

11%

44%

My opinion

Bullish above 17,478.91 USD

My targets

18,301.93 USD (+2.70%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NASDAQ100 INDEX. As long as you are above the support located at 17,478.91 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 18,301.93 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 17,478.91 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

2.1

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

The NASDAQ100 INDEX price is 17,820.60 USD. The price registered a decrease of -0.91% on the session and was traded between 17,818.67 USD and 17,907.08 USD over the period. The price is currently at +0.01% from its lowest and -0.48% from its highest.

17,818.67

17,907.08

17,820.60

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of NASDAQ100 INDEX indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 2

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Downside gap

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	15,823.58	16,573.30	17,478.91	17,820.60	18,301.93
Change (%)	-11.21%	-7.00%	-1.92%	-	+2.70%
Change	-1,997.02	-1,247.30	-341.69	-	+481.33
Level	Intermediate	Major	Intermediate	-	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 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):	50.13
MACD (12,26,9):	97.2500
Directional Movement:	2.03
AROON (14):	-35.71
DEMA (21):	18,102.79
Parabolic SAR (0,02-0,02-0,2):	18,356.36
Elder Ray (13):	-94.56
Super Trend (3,10):	17,648.77
Zig ZAG (10):	17,869.29
VORTEX (21):	0.8900
Stochastique (14,3,5):	18.97
TEMA (21):	17,997.73
Williams %R (14):	-84.55
Chande Momentum Oscillator (20):	-438.55
Repulse (5,40,3):	-1.1900
ROCnROLL:	-1
TRIX (15,9):	0.1200
Courbe Coppock:	0.45

MA7:	17,984.15
MA20:	17,997.21
MA50:	17,620.08
MA100:	16,747.69
MAexp7:	17,958.82
MAexp20:	17,941.11
MAexp50:	17,574.35
MAexp100:	16,927.75
Price / MA7:	-0.91%
Price / MA20:	-0.98%
Price / MA50:	+1.14%
Price / MA100:	+6.41%
Price / MAexp7:	-0.77%
Price / MAexp20:	-0.67%
Price / MAexp50:	+1.40%
Price / MAexp100:	+5.27%

Quotes : - 15 min delayed data - NASDAQ US Indices

News

The latest news and videos published on NASDAQ100 INDEX at the time of the analysis were as follows:

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

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