NASDAQ INSURANCE INDEX - Daily - Technical analysis published on 03/30/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 11,693.50 USD
My targets
11,047.60 USD (-3.02%)
10,814.40 USD (-5.06%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NASDAQ INSURANCE INDEX as long as the price remains well below 11,693.50 USD. The sellers' bearish objective is set at 11,047.60 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10,814.40 USD. In case of crossing, the next objective would be the support located at 10,317.10 USD.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
3.2
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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 INSURANCE INDEX rating is 11,391.18 USD. On the day, this instrument lost -0.12% and was between 11,391.18 USD and 11,489.06 USD. This implies that the price is at 0% from its lowest and at -0.85% from its highest.11,391.18
11,489.06
11,391.18
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NASDAQ INSURANCE INDEX indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10,317.10 | 10,814.40 | 11,047.60 | 11,391.18 | 11,693.50 | 11,944.30 | 12,198.00 |
| Change (%) | -9.43% | -5.06% | -3.02% | - | +2.65% | +4.86% | +7.08% |
| Change | -1,074.08 | -576.78 | -343.58 | - | +302.32 | +553.12 | +806.82 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Major |
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 | 11,291.59 | 11,315.25 | 11,359.77 | 11,383.43 | 11,427.95 | 11,451.61 | 11,496.13 |
| Camarilla | 11,385.55 | 11,391.80 | 11,398.05 | 11,404.30 | 11,410.55 | 11,416.80 | 11,423.05 |
| Woodie | 11,302.03 | 11,320.47 | 11,370.21 | 11,388.65 | 11,438.39 | 11,456.83 | 11,506.57 |
| Fibonacci | 11,315.25 | 11,341.29 | 11,357.38 | 11,383.43 | 11,409.47 | 11,425.56 | 11,451.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,133.25 | 10,513.02 | 10,823.88 | 11,203.65 | 11,514.51 | 11,894.28 | 12,205.14 |
| Camarilla | 10,944.82 | 11,008.13 | 11,071.43 | 11,134.74 | 11,198.05 | 11,261.36 | 11,324.66 |
| Woodie | 10,098.80 | 10,495.79 | 10,789.43 | 11,186.42 | 11,480.06 | 11,877.05 | 12,170.69 |
| Fibonacci | 10,513.02 | 10,776.84 | 10,939.83 | 11,203.65 | 11,467.47 | 11,630.46 | 11,894.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,604.14 | 11,888.08 | 12,144.99 | 12,428.93 | 12,685.84 | 12,969.78 | 13,226.69 |
| Camarilla | 12,253.17 | 12,302.74 | 12,352.32 | 12,401.90 | 12,451.48 | 12,501.06 | 12,550.63 |
| Woodie | 11,590.63 | 11,881.32 | 12,131.48 | 12,422.17 | 12,672.33 | 12,963.02 | 13,213.18 |
| Fibonacci | 11,888.08 | 12,094.69 | 12,222.33 | 12,428.93 | 12,635.54 | 12,763.18 | 12,969.78 |
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): | 44.90 | |
| MACD (12,26,9): | -233.9900 | |
| Directional Movement: | -9.17 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 11,195.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,529.80 | |
| Elder Ray (13): | 57.06 | |
| Super Trend (3,10): | 11,832.58 | |
| Zig ZAG (10): | 11,394.28 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 53.29 | |
| TEMA (21): | 11,083.80 | |
| Williams %R (14): | -26.24 | |
| Chande Momentum Oscillator (20): | -49.93 | |
| Repulse (5,40,3): | -0.1800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3300 | |
| Courbe Coppock: | 9.66 |
| MA7: | 11,246.82 | |
| MA20: | 11,520.84 | |
| MA50: | 12,008.72 | |
| MA100: | 11,923.96 | |
| MAexp7: | 11,315.97 | |
| MAexp20: | 11,509.08 | |
| MAexp50: | 11,775.03 | |
| MAexp100: | 11,716.79 | |
| Price / MA7: | +1.28% | |
| Price / MA20: | -1.13% | |
| Price / MA50: | -5.14% | |
| Price / MA100: | -4.47% | |
| Price / MAexp7: | +0.66% | |
| Price / MAexp20: | -1.02% | |
| Price / MAexp50: | -3.26% | |
| Price / MAexp100: | -2.78% |
Quotes :
-
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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