NASDAQ INSURANCE INDEX - Daily - Technical analysis published on 04/28/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Strongly bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 7,799.38 USD
My targets
7,405.99 USD (-1.78%)
5,937.17 USD (-21.26%)
My analysis
The basic trend is very bearish on NASDAQ INSURANCE INDEX but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on NASDAQ INSURANCE INDEX. As long as you stay below the resistance 7,799.38 USD, sellers” retain the upper hand. A break in the support at 7,405.99 USD would be a signal that the basic trend will reverse. Sellers would then use the next support located at 5,937.17 USD as an objective. Crossing it would then enable sellers to target 5,684.71 USD. If the price were to depress the resistance 7,799.38 USD in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ INSURANCE INDEX rating is 7,540.06 USD. On the day, this instrument gained +2.75% with the lowest point at 7,409.27 USD and the highest point at 7,562.25 USD. The deviation from the price is +1.77% for the low point and -0.29% for the high point.7,409.27
7,562.25
7,540.06
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of NASDAQ INSURANCE INDEX indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Black hanging man / hammer
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 4,435.90 | 5,684.71 | 7,405.99 | 7,540.06 | 9,074.21 | 10,380.20 |
| Change (%) | -41.17% | -24.61% | -1.78% | - | +20.35% | +37.67% |
| Change | -3,104.16 | -1,855.35 | -134.07 | - | +1,534.15 | +2,840.14 |
| Level | Intermediate | Major | Major | - | 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 | 7,101.07 | 7,169.83 | 7,254.12 | 7,322.88 | 7,407.18 | 7,475.94 | 7,560.23 |
| Camarilla | 7,296.33 | 7,310.36 | 7,324.39 | 7,338.42 | 7,352.45 | 7,366.47 | 7,380.50 |
| Woodie | 7,108.84 | 7,173.71 | 7,261.89 | 7,326.77 | 7,414.94 | 7,479.82 | 7,567.99 |
| Fibonacci | 7,169.83 | 7,228.30 | 7,264.42 | 7,322.88 | 7,381.35 | 7,417.47 | 7,475.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,575.27 | 6,906.93 | 7,122.67 | 7,454.34 | 7,670.08 | 8,001.74 | 8,217.49 |
| Camarilla | 7,187.88 | 7,238.06 | 7,288.24 | 7,338.42 | 7,388.59 | 7,438.77 | 7,488.95 |
| Woodie | 6,517.31 | 6,877.95 | 7,064.71 | 7,425.36 | 7,612.12 | 7,972.76 | 8,159.53 |
| Fibonacci | 6,906.93 | 7,116.04 | 7,245.23 | 7,454.34 | 7,663.45 | 7,792.63 | 8,001.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,509.88 | 4,372.09 | 5,937.17 | 7,799.38 | 9,364.46 | 11,226.67 | 12,791.75 |
| Camarilla | 6,559.76 | 6,873.92 | 7,188.09 | 7,502.26 | 7,816.43 | 8,130.60 | 8,444.77 |
| Woodie | 2,361.33 | 4,297.81 | 5,788.62 | 7,725.10 | 9,215.91 | 11,152.39 | 12,643.20 |
| Fibonacci | 4,372.09 | 5,681.31 | 6,490.15 | 7,799.38 | 9,108.60 | 9,917.44 | 11,226.67 |
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): | 47.72 | |
| MACD (12,26,9): | -134.1000 | |
| Directional Movement: | -7.43 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 7,358.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,210.90 | |
| Elder Ray (13): | -49.18 | |
| Super Trend (3,10): | 6,770.71 | |
| Zig ZAG (10): | 7,540.06 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 33.36 | |
| TEMA (21): | 7,561.47 | |
| Williams %R (14): | -64.33 | |
| Chande Momentum Oscillator (20): | -163.03 | |
| Repulse (5,40,3): | -0.2200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3100 | |
| Courbe Coppock: | 4.16 |
| MA7: | 7,536.68 | |
| MA20: | 7,533.06 | |
| MA50: | 8,195.09 | |
| MA100: | 9,140.46 | |
| MAexp7: | 7,504.07 | |
| MAexp20: | 7,583.85 | |
| MAexp50: | 8,098.81 | |
| MAexp100: | 8,717.35 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | +0.09% | |
| Price / MA50: | -7.99% | |
| Price / MA100: | -17.51% | |
| Price / MAexp7: | +0.48% | |
| Price / MAexp20: | -0.58% | |
| Price / MAexp50: | -6.90% | |
| Price / MAexp100: | -13.51% |
This member declared not having a position on this financial instrument or a related financial instrument.
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