NASDAQ BANK INDEX - Daily - Technical analysis published on 06/21/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 3,755.74 USD
My targets
3,452.17 USD (-3.92%)
3,033.31 USD (-15.58%)
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 NASDAQ Bank Index. As long as you are under the resistance located at 3,755.74 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 3,452.17 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 3,033.31 USD as an objective. Crossing it would then enable sellers to target 2,558.17 USD. If the resistance 3,755.74 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
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:
Additional analysis
Quotes
The NASDAQ Bank Index price is 3,593.13 USD. The price registered an increase of +0.03% on the session and was traded between 3,549.40 USD and 3,615.81 USD over the period. The price is currently at +1.23% from its lowest and -0.63% from its highest.3,549.40
3,615.81
3,593.13
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NASDAQ Bank Index:
Technical
A technical analysis in Daily of this NASDAQ Bank Index chart shows a bearish trend. 75% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,558.17 | 3,033.31 | 3,452.17 | 3,593.13 | 3,755.74 | 3,994.19 | 4,080.95 |
| Change (%) | -28.80% | -15.58% | -3.92% | - | +4.53% | +11.16% | +13.58% |
| Change | -1,034.96 | -559.82 | -140.96 | - | +162.61 | +401.06 | +487.82 |
| Level | Minor | Major | Major | - | Major | Intermediate | 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 | 3,514.78 | 3,552.88 | 3,572.54 | 3,610.64 | 3,630.30 | 3,668.40 | 3,688.06 |
| Camarilla | 3,576.31 | 3,581.60 | 3,586.90 | 3,592.19 | 3,597.48 | 3,602.78 | 3,608.07 |
| Woodie | 3,505.55 | 3,548.27 | 3,563.31 | 3,606.03 | 3,621.07 | 3,663.79 | 3,678.83 |
| Fibonacci | 3,552.88 | 3,574.95 | 3,588.58 | 3,610.64 | 3,632.71 | 3,646.34 | 3,668.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,507.64 | 3,532.75 | 3,563.25 | 3,588.36 | 3,618.86 | 3,643.97 | 3,674.47 |
| Camarilla | 3,578.45 | 3,583.54 | 3,588.64 | 3,593.74 | 3,598.84 | 3,603.94 | 3,609.03 |
| Woodie | 3,510.33 | 3,534.10 | 3,565.94 | 3,589.71 | 3,621.54 | 3,645.32 | 3,677.15 |
| Fibonacci | 3,532.75 | 3,554.00 | 3,567.12 | 3,588.36 | 3,609.61 | 3,622.73 | 3,643.97 |
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): | 49.20 | |
| MACD (12,26,9): | -14.1300 | |
| Directional Movement: | -4.24 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 3,566.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,503.40 | |
| Elder Ray (13): | -1.74 | |
| Super Trend (3,10): | 3,655.76 | |
| Zig ZAG (10): | 3,593.13 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 79.15 | |
| TEMA (21): | 3,573.49 | |
| Williams %R (14): | -28.41 | |
| Chande Momentum Oscillator (20): | 1.31 | |
| Repulse (5,40,3): | -0.6400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 2.19 |
| MA7: | 3,588.19 | |
| MA20: | 3,565.03 | |
| MA50: | 3,654.16 | |
| MA100: | 3,676.08 | |
| MAexp7: | 3,587.71 | |
| MAexp20: | 3,590.43 | |
| MAexp50: | 3,623.11 | |
| MAexp100: | 3,654.81 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | +0.79% | |
| Price / MA50: | -1.67% | |
| Price / MA100: | -2.26% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | -0.83% | |
| Price / MAexp100: | -1.69% |
This member declared not having a position on this financial instrument or a related financial instrument.
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