NASDAQ COMPUTER INDEX - Daily - Technical analysis published on 06/29/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
28%
28%
My opinion
Bullish above 10,947.40 USD
My targets
12,188.49 USD (+6.56%)
12,408.60 USD (+8.49%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NASDAQ COMPUTER INDEX as long as the price remains well above 10,947.40 USD. The buyers' bullish objective is set at 12,188.49 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12,408.60 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.6
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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 11,437.82 USD. The price is lower by -0.03% since the last closing and was between 11,370.44 USD and 11,459.11 USD. This implies that the price is at +0.59% from its lowest and at -0.19% from its highest.11,370.44
11,459.11
11,437.82
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NASDAQ COMPUTER INDEX indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 10,382.00 | 10,947.40 | 11,412.40 | 11,437.82 | 12,408.60 |
| Change (%) | -9.23% | -4.29% | -0.22% | - | +8.49% |
| Change | -1,055.82 | -490.42 | -25.42 | - | +970.78 |
| Level | Minor | Major | 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 | 11,189.01 | 11,265.81 | 11,353.49 | 11,430.29 | 11,517.97 | 11,594.77 | 11,682.45 |
| Camarilla | 11,395.95 | 11,411.03 | 11,426.10 | 11,441.18 | 11,456.26 | 11,471.34 | 11,486.41 |
| Woodie | 11,194.46 | 11,268.53 | 11,358.94 | 11,433.01 | 11,523.42 | 11,597.49 | 11,687.90 |
| Fibonacci | 11,265.81 | 11,328.64 | 11,367.46 | 11,430.29 | 11,493.12 | 11,531.94 | 11,594.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,932.01 | 11,102.54 | 11,234.29 | 11,404.82 | 11,536.57 | 11,707.10 | 11,838.85 |
| Camarilla | 11,282.92 | 11,310.63 | 11,338.34 | 11,366.05 | 11,393.76 | 11,421.47 | 11,449.18 |
| Woodie | 10,912.63 | 11,092.85 | 11,214.91 | 11,395.13 | 11,517.19 | 11,697.41 | 11,819.47 |
| Fibonacci | 11,102.54 | 11,218.01 | 11,289.35 | 11,404.82 | 11,520.29 | 11,591.63 | 11,707.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,463.89 | 9,073.89 | 10,021.19 | 10,631.19 | 11,578.49 | 12,188.49 | 13,135.79 |
| Camarilla | 10,540.24 | 10,683.00 | 10,825.75 | 10,968.50 | 11,111.25 | 11,254.01 | 11,396.76 |
| Woodie | 8,632.55 | 9,158.22 | 10,189.85 | 10,715.52 | 11,747.15 | 12,272.82 | 13,304.45 |
| Fibonacci | 9,073.89 | 9,668.78 | 10,036.30 | 10,631.19 | 11,226.08 | 11,593.60 | 12,188.49 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.97 | |
| MACD (12,26,9): | 225.0800 | |
| Directional Movement: | 11.57 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 11,565.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,608.24 | |
| Elder Ray (13): | 74.87 | |
| Super Trend (3,10): | 11,062.73 | |
| Zig ZAG (10): | 11,388.24 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 57.32 | |
| TEMA (21): | 11,517.59 | |
| Williams %R (14): | -51.15 | |
| Chande Momentum Oscillator (20): | 185.90 | |
| Repulse (5,40,3): | 0.3800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3800 | |
| Courbe Coppock: | 4.95 |
| MA7: | 11,375.68 | |
| MA20: | 11,310.45 | |
| MA50: | 10,593.59 | |
| MA100: | 9,920.65 | |
| MAexp7: | 11,392.20 | |
| MAexp20: | 11,231.56 | |
| MAexp50: | 10,716.30 | |
| MAexp100: | 10,122.57 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | +1.13% | |
| Price / MA50: | +7.97% | |
| Price / MA100: | +15.29% | |
| Price / MAexp7: | +0.40% | |
| Price / MAexp20: | +1.84% | |
| Price / MAexp50: | +6.73% | |
| Price / MAexp100: | +12.99% |
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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