NASDAQ INC. - 1H - Technical analysis published on 06/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 60.87 USD
My targets
59.38 USD (-0.50%)
58.84 USD (-1.41%)
My analysis
In a bearish trend, the price of NASDAQ INC. tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 60.87 USD. A bearish break in the support located at 59.38 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 58.84 USD. Then 58.40 USD by extension. It would be safer to wait for a bearish break in the support located at 59.38 USD before allowing yourself to re trade short positions (for sale) on NASDAQ INC.. PS: if there is a bullish break in the resistance located at 60.87 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NASDAQ INC. rating 59.68 USD. The price registered a decrease of -0.05% on the session with the lowest point at 59.41 USD and the highest point at 59.79 USD. The deviation from the price is +0.45% for the low point and -0.18% for the high point.59.41
59.79
59.68
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NASDAQ INC. in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
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 presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 58.40 | 58.84 | 59.38 | 59.68 | 59.85 | 60.87 | 61.55 |
| Change (%) | -2.14% | -1.41% | -0.50% | - | +0.28% | +1.99% | +3.13% |
| Change | -1.28 | -0.84 | -0.30 | - | +0.17 | +1.19 | +1.87 |
| Level | Major | Minor | Major | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58.03 | 58.44 | 59.07 | 59.48 | 60.11 | 60.52 | 61.15 |
| Camarilla | 59.42 | 59.52 | 59.62 | 59.71 | 59.81 | 59.90 | 60.00 |
| Woodie | 58.15 | 58.50 | 59.19 | 59.54 | 60.23 | 60.58 | 61.27 |
| Fibonacci | 58.44 | 58.83 | 59.08 | 59.48 | 59.87 | 60.12 | 60.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 54.18 | 56.36 | 57.69 | 59.87 | 61.20 | 63.38 | 64.71 |
| Camarilla | 58.07 | 58.39 | 58.71 | 59.03 | 59.35 | 59.67 | 60.00 |
| Woodie | 53.77 | 56.15 | 57.28 | 59.66 | 60.79 | 63.17 | 64.30 |
| Fibonacci | 56.36 | 57.70 | 58.53 | 59.87 | 61.21 | 62.04 | 63.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53.04 | 55.78 | 57.41 | 60.15 | 61.78 | 64.52 | 66.15 |
| Camarilla | 57.83 | 58.23 | 58.63 | 59.03 | 59.43 | 59.83 | 60.23 |
| Woodie | 52.48 | 55.50 | 56.85 | 59.87 | 61.22 | 64.24 | 65.59 |
| Fibonacci | 55.78 | 57.45 | 58.48 | 60.15 | 61.82 | 62.85 | 64.52 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 55.02 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 5.26 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 59.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 59.30 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 58.68 | |
| Zig ZAG (10): | 59.65 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 83.33 | |
| TEMA (21): | 59.84 | |
| Williams %R (14): | -23.18 | |
| Chande Momentum Oscillator (20): | 0.30 | |
| Repulse (5,40,3): | 0.3600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.31 |
| MA7: | 59.35 | |
| MA20: | 60.75 | |
| MA50: | 61.01 | |
| MA100: | 59.37 | |
| MAexp7: | 59.65 | |
| MAexp20: | 59.47 | |
| MAexp50: | 59.75 | |
| MAexp100: | 60.24 | |
| Price / MA7: | +0.56% | |
| Price / MA20: | -1.76% | |
| Price / MA50: | -2.18% | |
| Price / MA100: | +0.52% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.35% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.93% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on NASDAQ INC. at the time of the analysis were as follows:
- Nasdaq May 2024 Volumes
- Nasdaq Chair & CEO Adena Friedman to Present at the Piper Sandler Global Exchange & Trading Conference
- Delisting of Securities of RiskOn International, Inc.; Graphjet Technology; Agile Therapeutics, Inc.; NextPlay Technologies, Inc.; Relativity Acquisition Corp.; iSun, Inc.; Ace Global Business Acquisition Limited; and Marpai, Inc. from The Nasdaq Stock Market
- Nasdaq Collaborates with Microsoft to Reimagine the Boardroom Experience using Artificial Intelligence
- Nasdaq and FIA Tech Partner to Reduce Complexity and Increase Resiliency of Post Trade Infrastructure
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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