NASDAQ COMPUTER INDEX - Daily - Technical analysis published on 12/29/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
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
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 7,329.78 | 7,454.78 | 7,520.41 | 7,645.41 | 7,711.04 | 7,836.04 | 7,901.67 |
| Camarilla | 7,533.61 | 7,551.08 | 7,568.56 | 7,586.03 | 7,603.50 | 7,620.98 | 7,638.45 |
| Woodie | 7,300.09 | 7,439.94 | 7,490.72 | 7,630.57 | 7,681.35 | 7,821.20 | 7,871.98 |
| Fibonacci | 7,454.78 | 7,527.60 | 7,572.59 | 7,645.41 | 7,718.23 | 7,763.22 | 7,836.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,263.32 | 7,476.57 | 7,654.81 | 7,868.06 | 8,046.30 | 8,259.55 | 8,437.79 |
| Camarilla | 7,725.40 | 7,761.29 | 7,797.17 | 7,833.06 | 7,868.95 | 7,904.83 | 7,940.72 |
| Woodie | 7,245.83 | 7,467.82 | 7,637.32 | 7,859.31 | 8,028.81 | 8,250.80 | 8,420.30 |
| Fibonacci | 7,476.57 | 7,626.12 | 7,718.51 | 7,868.06 | 8,017.61 | 8,110.00 | 8,259.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,523.96 | 6,945.07 | 7,759.48 | 8,180.59 | 8,995.00 | 9,416.11 | 10,230.52 |
| Camarilla | 8,234.12 | 8,347.38 | 8,460.63 | 8,573.89 | 8,687.15 | 8,800.40 | 8,913.66 |
| Woodie | 6,720.61 | 7,043.40 | 7,956.13 | 8,278.92 | 9,191.65 | 9,514.44 | 10,427.17 |
| Fibonacci | 6,945.07 | 7,417.04 | 7,708.62 | 8,180.59 | 8,652.56 | 8,944.14 | 9,416.11 |
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.
About author
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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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