NASDAQ COMPUTER INDEX - Daily - Technical analysis published on 06/21/2019 (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
83%
0%
17%
My opinion
Bullish above 4,695.03 USD
My targets
4,862.46 USD (+0.39%)
5,042.10 USD (+4.10%)
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 4,695.03 USD. The buyers” bullish objective is set at 4,862.46 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5,042.10 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ Computer Index price is 4,843.65 USD. On the day, this instrument gained +1.00% and was between 4,808.50 USD and 4,872.20 USD. This implies that the price is at +0.73% from its lowest and at -0.59% from its highest.4,808.50
4,872.20
4,843.65
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this Daily chart of NASDAQ Computer Index indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% 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.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 4,332.78 | 4,528.29 | 4,695.03 | 4,843.65 | 4,862.46 | 5,042.10 |
| Change (%) | -10.55% | -6.51% | -3.07% | - | +0.39% | +4.10% |
| Change | -510.87 | -315.36 | -148.62 | - | +18.81 | +198.45 |
| Level | Major | Major | Intermediate | - | Major | Intermediate |
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 | 4,717.50 | 4,737.01 | 4,766.29 | 4,785.80 | 4,815.08 | 4,834.59 | 4,863.87 |
| Camarilla | 4,782.16 | 4,786.64 | 4,791.11 | 4,795.58 | 4,800.05 | 4,804.52 | 4,809.00 |
| Woodie | 4,722.40 | 4,739.45 | 4,771.19 | 4,788.24 | 4,819.98 | 4,837.03 | 4,868.77 |
| Fibonacci | 4,737.01 | 4,755.64 | 4,767.16 | 4,785.80 | 4,804.43 | 4,815.95 | 4,834.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,497.76 | 4,570.61 | 4,617.34 | 4,690.19 | 4,736.92 | 4,809.77 | 4,856.50 |
| Camarilla | 4,631.20 | 4,642.16 | 4,653.12 | 4,664.08 | 4,675.04 | 4,686.00 | 4,696.96 |
| Woodie | 4,484.71 | 4,564.08 | 4,604.29 | 4,683.66 | 4,723.87 | 4,803.24 | 4,843.45 |
| Fibonacci | 4,570.61 | 4,616.29 | 4,644.51 | 4,690.19 | 4,735.87 | 4,764.09 | 4,809.77 |
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): | 62.69 | |
| MACD (12,26,9): | 22.0100 | |
| Directional Movement: | 14.30 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 4,690.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,595.23 | |
| Elder Ray (13): | 140.51 | |
| Super Trend (3,10): | 4,605.98 | |
| Zig ZAG (10): | 4,843.65 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 94.52 | |
| TEMA (21): | 4,740.39 | |
| Williams %R (14): | -5.00 | |
| Chande Momentum Oscillator (20): | 379.00 | |
| Repulse (5,40,3): | 0.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 10.27 |
| MA7: | 4,734.50 | |
| MA20: | 4,609.69 | |
| MA50: | 4,761.17 | |
| MA100: | 4,631.01 | |
| MAexp7: | 4,747.58 | |
| MAexp20: | 4,683.40 | |
| MAexp50: | 4,680.59 | |
| MAexp100: | 4,620.33 | |
| Price / MA7: | +2.31% | |
| Price / MA20: | +5.08% | |
| Price / MA50: | +1.73% | |
| Price / MA100: | +4.59% | |
| Price / MAexp7: | +2.02% | |
| Price / MAexp20: | +3.42% | |
| Price / MAexp50: | +3.48% | |
| Price / MAexp100: | +4.83% |
This member declared not having a position on this financial instrument or a related financial instrument.
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