NASDAQ BANK INDEX - Daily - Technical analysis published on 12/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 3,782.24 USD
My targets
4,060.78 USD (+2.14%)
4,400.84 USD (+10.69%)
My analysis
NASDAQ BANK INDEX is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3,782.24 USD. The next resistance located at 4,060.78 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 4,400.84 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.2
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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 BANK INDEX rating is 3,975.74 USD. On the day, this instrument gained +0.26% with the lowest point at 3,947.28 USD and the highest point at 3,977.43 USD. The deviation from the price is +0.72% for the low point and -0.04% for the high point.3,947.28
3,977.43
3,975.74
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this NASDAQ BANK INDEX chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3,453.36 | 3,616.99 | 3,782.24 | 3,975.74 | 3,994.19 | 4,400.84 |
| Change (%) | -13.14% | -9.02% | -4.87% | - | +0.46% | +10.69% |
| Change | -522.38 | -358.75 | -193.50 | - | +18.45 | +425.10 |
| Level | Major | Minor | Major | - | Intermediate | 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 | 3,817.60 | 3,849.57 | 3,907.56 | 3,939.53 | 3,997.53 | 4,029.50 | 4,087.50 |
| Camarilla | 3,940.82 | 3,949.07 | 3,957.32 | 3,965.56 | 3,973.81 | 3,982.06 | 3,990.30 |
| Woodie | 3,830.61 | 3,856.07 | 3,920.58 | 3,946.04 | 4,010.55 | 4,036.01 | 4,100.52 |
| Fibonacci | 3,849.57 | 3,883.93 | 3,905.17 | 3,939.53 | 3,973.90 | 3,995.13 | 4,029.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,636.15 | 3,690.47 | 3,777.34 | 3,831.66 | 3,918.53 | 3,972.85 | 4,059.72 |
| Camarilla | 3,825.38 | 3,838.32 | 3,851.27 | 3,864.21 | 3,877.15 | 3,890.09 | 3,903.04 |
| Woodie | 3,652.42 | 3,698.61 | 3,793.61 | 3,839.80 | 3,934.80 | 3,980.99 | 4,075.99 |
| Fibonacci | 3,690.47 | 3,744.41 | 3,777.73 | 3,831.66 | 3,885.60 | 3,918.92 | 3,972.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,607.36 | 3,677.26 | 3,758.50 | 3,828.40 | 3,909.64 | 3,979.54 | 4,060.78 |
| Camarilla | 3,798.18 | 3,812.03 | 3,825.89 | 3,839.74 | 3,853.60 | 3,867.45 | 3,881.30 |
| Woodie | 3,613.03 | 3,680.10 | 3,764.17 | 3,831.24 | 3,915.31 | 3,982.38 | 4,066.45 |
| Fibonacci | 3,677.26 | 3,735.00 | 3,770.66 | 3,828.40 | 3,886.14 | 3,921.81 | 3,979.54 |
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): | 67.49 | |
| MACD (12,26,9): | 37.7300 | |
| Directional Movement: | 23.48 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 3,901.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,771.29 | |
| Elder Ray (13): | 78.93 | |
| Super Trend (3,10): | 3,829.72 | |
| Zig ZAG (10): | 3,954.31 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 93.02 | |
| TEMA (21): | 3,904.47 | |
| Williams %R (14): | -8.80 | |
| Chande Momentum Oscillator (20): | 112.03 | |
| Repulse (5,40,3): | 1.7500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 3.49 |
| MA7: | 3,887.83 | |
| MA20: | 3,844.58 | |
| MA50: | 3,765.92 | |
| MA100: | 3,663.44 | |
| MAexp7: | 3,899.30 | |
| MAexp20: | 3,855.66 | |
| MAexp50: | 3,783.70 | |
| MAexp100: | 3,718.00 | |
| Price / MA7: | +2.26% | |
| Price / MA20: | +3.41% | |
| Price / MA50: | +5.57% | |
| Price / MA100: | +8.52% | |
| Price / MAexp7: | +1.96% | |
| Price / MAexp20: | +3.11% | |
| Price / MAexp50: | +5.08% | |
| Price / MAexp100: | +6.93% |
This member declared not having a position on this financial instrument or a related financial instrument.
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