NASDAQ COMPUTER INDEX
IXCO
- USD (-)
- 15 min delayed data - NASDAQ US Indices
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Type: Indices
Ticker: IXCO
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NASDAQ COMPUTER INDEX - Daily - Technical analysis published on 12/29/2022 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 8,200.19 USD
My targets
7,403.93 USD (-5.42%)
6,945.07 USD (-11.28%)
My analysis
NASDAQ COMPUTER 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 8,200.19 USD. The next support located at 7,403.93 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 6,945.07 USD. Below this support, sellers could then target 6,590.23 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.4

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

Additional analysis

Quotes

The NASDAQ COMPUTER INDEX rating is 7,828.35 USD. On the day, this instrument gained +3.19% with the lowest point at 7,661.95 USD and the highest point at 7,833.31 USD. The deviation from the price is +2.17% for the low point and -0.06% for the high point.

7,661.95
7,833.31
7,828.35

Here is a more detailed summary of the historical variations registered by NASDAQ COMPUTER INDEX:

Technical


Technical analysis of NASDAQ COMPUTER INDEX in Daily shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 4 are neutral and 9 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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


S3S2S1PriceR1R2R3
ProTrendLines 4,608.77 6,590.23 7,403.93 7,828.35 8,200.19 8,574.18 9,572.67
Change (%) -41.13% -15.82% -5.42% - +4.75% +9.53% +22.28%
Change -3,219.58 -1,238.12 -424.42 - +371.84 +745.83 +1,744.32
Level Major Intermediate Major - Intermediate Intermediate Minor



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
Standard7,329.787,454.787,520.417,645.417,711.047,836.047,901.67
Camarilla7,533.617,551.087,568.567,586.037,603.507,620.987,638.45
Woodie7,300.097,439.947,490.727,630.577,681.357,821.207,871.98
Fibonacci7,454.787,527.607,572.597,645.417,718.237,763.227,836.04


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7,263.327,476.577,654.817,868.068,046.308,259.558,437.79
Camarilla7,725.407,761.297,797.177,833.067,868.957,904.837,940.72
Woodie7,245.837,467.827,637.327,859.318,028.818,250.808,420.30
Fibonacci7,476.577,626.127,718.517,868.068,017.618,110.008,259.55


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6,523.966,945.077,759.488,180.598,995.009,416.1110,230.52
Camarilla8,234.128,347.388,460.638,573.898,687.158,800.408,913.66
Woodie6,720.617,043.407,956.138,278.929,191.659,514.4410,427.17
Fibonacci6,945.077,417.047,708.628,180.598,652.568,944.149,416.11

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): 40.65
MACD (12,26,9): -87.4200
Directional Movement: -8.53
AROON (14): -50.00
DEMA (21): 8,051.06
Parabolic SAR (0,02-0,02-0,2): 8,471.38
Elder Ray (13): -301.91
Super Trend (3,10): 8,434.72
Zig ZAG (10): 7,833.06
VORTEX (21): 0.7900
Stochastique (14,3,5): 16.44
TEMA (21): 7,950.92
Williams %R (14): -87.06
Chande Momentum Oscillator (20): -332.85
Repulse (5,40,3): 1.1700
ROCnROLL: 2
TRIX (15,9): -0.0200
Courbe Coppock: 9.51
MA7: 7,951.30
MA20: 8,222.32
MA50: 8,123.06
MA100: 8,485.88
MAexp7: 7,973.27
MAexp20: 8,130.13
MAexp50: 8,212.46
MAexp100: 8,451.08
Price / MA7: -1.55%
Price / MA20: -4.79%
Price / MA50: -3.63%
Price / MA100: -7.75%
Price / MAexp7: -1.82%
Price / MAexp20: -3.72%
Price / MAexp50: -4.68%
Price / MAexp100: -7.37%

Quotes : - 15 min delayed data - NASDAQ US Indices

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

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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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