NASDAQ INDUSTRIAL INDEX - Daily - Technical analysis published on 12/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 6,503.53 USD
My targets
6,788.50 USD (+2.25%)
My analysis
The bullish trend is currently very strong on NASDAQ INDUSTRIAL INDEX. As long as the price remains above the support at 6,503.53 USD, you could try to benefit from the boom. The first bullish objective is located at 6,788.50 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
6.3
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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 INDUSTRIAL INDEX rating is 6,639.05 USD. The price registered an increase of +0.37% on the session and was traded between 6,597.84 USD and 6,640.88 USD over the period. The price is currently at +0.62% from its lowest and -0.03% from its highest.6,597.84
6,640.88
6,639.05
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NASDAQ INDUSTRIAL INDEX:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NASDAQ INDUSTRIAL INDEX in Daily shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 6,257.25 | 6,503.53 | 6,603.68 | 6,639.05 | 6,666.89 | 6,788.50 |
| Change (%) | -5.75% | -2.04% | -0.53% | - | +0.42% | +2.25% |
| Change | -381.80 | -135.52 | -35.37 | - | +27.84 | +149.45 |
| Level | Intermediate | Minor | Intermediate | - | 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 | 6,498.12 | 6,526.05 | 6,570.26 | 6,598.19 | 6,642.40 | 6,670.33 | 6,714.54 |
| Camarilla | 6,594.63 | 6,601.24 | 6,607.86 | 6,614.47 | 6,621.08 | 6,627.70 | 6,634.31 |
| Woodie | 6,506.26 | 6,530.12 | 6,578.40 | 6,602.26 | 6,650.54 | 6,674.40 | 6,722.68 |
| Fibonacci | 6,526.05 | 6,553.61 | 6,570.63 | 6,598.19 | 6,625.75 | 6,642.77 | 6,670.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,358.37 | 6,421.75 | 6,502.40 | 6,565.78 | 6,646.43 | 6,709.81 | 6,790.47 |
| Camarilla | 6,543.44 | 6,556.65 | 6,569.85 | 6,583.05 | 6,596.26 | 6,609.46 | 6,622.66 |
| Woodie | 6,367.00 | 6,426.07 | 6,511.04 | 6,570.10 | 6,655.07 | 6,714.13 | 6,799.10 |
| Fibonacci | 6,421.75 | 6,476.77 | 6,510.76 | 6,565.78 | 6,620.80 | 6,654.79 | 6,709.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,318.88 | 6,397.40 | 6,512.67 | 6,591.19 | 6,706.46 | 6,784.98 | 6,900.25 |
| Camarilla | 6,574.65 | 6,592.41 | 6,610.17 | 6,627.94 | 6,645.70 | 6,663.47 | 6,681.23 |
| Woodie | 6,337.26 | 6,406.59 | 6,531.04 | 6,600.38 | 6,724.83 | 6,794.16 | 6,918.62 |
| Fibonacci | 6,397.40 | 6,471.43 | 6,517.16 | 6,591.19 | 6,665.22 | 6,710.95 | 6,784.98 |
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): | 56.97 | |
| MACD (12,26,9): | 20.4100 | |
| Directional Movement: | 5.00 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 6,591.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,642.16 | |
| Elder Ray (13): | 31.41 | |
| Super Trend (3,10): | 6,505.04 | |
| Zig ZAG (10): | 6,605.29 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 60.40 | |
| TEMA (21): | 6,589.44 | |
| Williams %R (14): | -34.62 | |
| Chande Momentum Oscillator (20): | -7.37 | |
| Repulse (5,40,3): | 0.6100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 0.75 |
| MA7: | 6,572.09 | |
| MA20: | 6,566.98 | |
| MA50: | 6,499.72 | |
| MA100: | 6,475.27 | |
| MAexp7: | 6,582.23 | |
| MAexp20: | 6,565.23 | |
| MAexp50: | 6,523.91 | |
| MAexp100: | 6,485.83 | |
| Price / MA7: | +1.02% | |
| Price / MA20: | +1.10% | |
| Price / MA50: | +2.14% | |
| Price / MA100: | +2.53% | |
| Price / MAexp7: | +0.86% | |
| Price / MAexp20: | +1.12% | |
| Price / MAexp50: | +1.76% | |
| Price / MAexp100: | +2.36% |
This member declared not having a position on this financial instrument or a related financial instrument.
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