NASDAQ COMPUTER INDEX - 1H - Technical analysis published on 08/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 11,349.00 USD
My targets
11,198.60 USD (-0.36%)
10,929.13 USD (-2.75%)
My analysis
The bearish trend is currently very strong for NASDAQ COMPUTER INDEX. As long as the price remains below the resistance at 11,349.00 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 11,198.60 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 10,929.13 USD as an objective. Crossing it would then enable sellers to target 10,382.00 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.7
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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 price is 11,238.55 USD. The price is lower by -0.05% since the last closing with the lowest point at 11,172.80 USD and the highest point at 11,310.43 USD. The deviation from the price is +0.59% for the low point and -0.64% for the high point.11,172.80
11,310.43
11,238.55
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NASDAQ COMPUTER INDEX:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NASDAQ COMPUTER INDEX in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish 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, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
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
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9,373.18 | 10,382.00 | 11,198.60 | 11,238.55 | 11,349.00 | 11,489.60 | 11,644.30 |
| Change (%) | -16.60% | -7.62% | -0.36% | - | +0.98% | +2.23% | +3.61% |
| Change | -1,865.37 | -856.55 | -39.95 | - | +110.45 | +251.05 | +405.75 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,035.80 | 11,138.63 | 11,191.15 | 11,293.98 | 11,346.50 | 11,449.33 | 11,501.85 |
| Camarilla | 11,200.96 | 11,215.20 | 11,229.44 | 11,243.68 | 11,257.92 | 11,272.16 | 11,286.40 |
| Woodie | 11,010.66 | 11,126.05 | 11,166.01 | 11,281.40 | 11,321.36 | 11,436.75 | 11,476.71 |
| Fibonacci | 11,138.63 | 11,197.97 | 11,234.63 | 11,293.98 | 11,353.32 | 11,389.98 | 11,449.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,636.77 | 10,929.13 | 11,098.11 | 11,390.47 | 11,559.45 | 11,851.81 | 12,020.79 |
| Camarilla | 11,140.22 | 11,182.51 | 11,224.80 | 11,267.09 | 11,309.38 | 11,351.67 | 11,393.96 |
| Woodie | 10,575.08 | 10,898.29 | 11,036.42 | 11,359.63 | 11,497.76 | 11,820.97 | 11,959.10 |
| Fibonacci | 10,929.13 | 11,105.36 | 11,214.24 | 11,390.47 | 11,566.70 | 11,675.58 | 11,851.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,739.42 | 11,041.88 | 11,583.45 | 11,885.91 | 12,427.48 | 12,729.94 | 13,271.51 |
| Camarilla | 11,892.91 | 11,970.28 | 12,047.65 | 12,125.02 | 12,202.39 | 12,279.76 | 12,357.13 |
| Woodie | 10,858.98 | 11,101.66 | 11,703.01 | 11,945.69 | 12,547.04 | 12,789.72 | 13,391.07 |
| Fibonacci | 11,041.88 | 11,364.30 | 11,563.49 | 11,885.91 | 12,208.33 | 12,407.52 | 12,729.94 |
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): | 36.62 | |
| MACD (12,26,9): | -47.9900 | |
| Directional Movement: | -11.63 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 11,251.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,311.65 | |
| Elder Ray (13): | -70.05 | |
| Super Trend (3,10): | 11,395.05 | |
| Zig ZAG (10): | 11,225.34 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 16.32 | |
| TEMA (21): | 11,238.82 | |
| Williams %R (14): | -78.86 | |
| Chande Momentum Oscillator (20): | -182.42 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 2.86 |
| MA7: | 11,331.62 | |
| MA20: | 11,657.14 | |
| MA50: | 11,578.12 | |
| MA100: | 10,818.02 | |
| MAexp7: | 11,253.94 | |
| MAexp20: | 11,307.69 | |
| MAexp50: | 11,398.05 | |
| MAexp100: | 11,518.99 | |
| Price / MA7: | -0.82% | |
| Price / MA20: | -3.59% | |
| Price / MA50: | -2.93% | |
| Price / MA100: | +3.89% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.61% | |
| Price / MAexp50: | -1.40% | |
| Price / MAexp100: | -2.43% |
Quotes :
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15 min delayed data
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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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