NASDAQ BANK INDEX
NASDAQ BANK INDEX
- USD (-)
- 15 min delayed data - NASDAQ US Indices
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Indices
Ticker: BANK
ISIN:

NASDAQ BANK INDEX - Daily - Technical analysis published on 05/12/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 2,609.22 USD
My targets
2,383.59 USD (-5.02%)
2,321.44 USD (-7.50%)
My analysis
NASDAQ BANK INDEX is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2,609.22 USD. The next support located at 2,383.59 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2,321.44 USD. Below this support, sellers could then target 2,061.81 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
6.3

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The NASDAQ BANK INDEX price is 2,509.57 USD. On the day, this instrument lost -4.11% and was between 2,488.01 USD and 2,571.08 USD. This implies that the price is at +0.87% from its lowest and at -2.39% from its highest.

2,488.01
2,571.08
2,509.57

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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

Technical


Technical analysis of this Daily chart of NASDAQ BANK INDEX indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 7 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily


RSI indicator is back under 50

Type : Bearish

Timeframe : Daily


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,336.10 2,061.81 2,383.59 2,509.57 2,722.19 3,113.30 3,453.36
Change (%) -46.76% -17.84% -5.02% - +8.47% +24.06% +37.61%
Change -1,173.47 -447.76 -125.98 - +212.62 +603.73 +943.79
Level Minor Major Major - Major Intermediate Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,505.942,530.852,573.972,598.882,642.012,666.922,710.04
Camarilla2,598.392,604.622,610.862,617.102,623.332,629.572,635.81
Woodie2,515.042,535.402,583.082,603.442,651.112,671.472,719.15
Fibonacci2,530.852,556.842,572.892,598.882,624.872,640.932,666.92


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,292.232,382.132,499.612,589.512,707.002,796.892,914.38
Camarilla2,560.072,579.082,598.092,617.102,636.112,655.122,674.13
Woodie2,306.032,389.032,513.412,596.412,720.792,803.792,928.17
Fibonacci2,382.132,461.352,510.292,589.512,668.732,717.672,796.89


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,618.341,906.122,321.442,609.223,024.543,312.323,727.64
Camarilla2,543.402,607.852,672.302,736.752,801.202,865.652,930.10
Woodie1,682.101,938.012,385.202,641.103,088.303,344.203,791.40
Fibonacci1,906.122,174.712,340.642,609.222,877.813,043.743,312.32

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): 47.63
MACD (12,26,9): -5.9500
Directional Movement: 1.72
AROON (14): 42.86
DEMA (21): 2,530.50
Parabolic SAR (0,02-0,02-0,2): 2,432.58
Elder Ray (13): -25.41
Super Trend (3,10): 2,420.63
Zig ZAG (10): 2,509.57
VORTEX (21): 0.8100
Stochastique (14,3,5): 34.35
TEMA (21): 2,618.69
Williams %R (14): -73.73
Chande Momentum Oscillator (20): 92.74
Repulse (5,40,3): -4.0900
ROCnROLL: 2
TRIX (15,9): -0.0200
Courbe Coppock: 11.91
MA7: 2,552.77
MA20: 2,525.17
MA50: 2,568.96
MA100: 3,207.47
MAexp7: 2,555.41
MAexp20: 2,550.66
MAexp50: 2,703.70
MAexp100: 3,000.23
Price / MA7: -1.69%
Price / MA20: -0.62%
Price / MA50: -2.31%
Price / MA100: -21.76%
Price / MAexp7: -1.79%
Price / MAexp20: -1.61%
Price / MAexp50: -7.18%
Price / MAexp100: -16.35%

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

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