NASDAQ COMPUTER INDEX - Daily - Technical analysis published on 12/13/2019 (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
67%
6%
28%
My opinion
Bullish above 5,635.18 USD
My targets
5,837.44 USD (+2.15%)
6,038.80 USD (+5.68%)
My analysis
The bullish trend is currently very strong on NASDAQ COMPUTER INDEX. As long as the price remains above the support at 5,635.18 USD, you could try to benefit from the boom. The first bullish objective is located at 5,837.44 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6,038.80 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8
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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 rating is 5,714.48 USD. On the day, this instrument gained +0.67% with the lowest point at 5,660.72 USD and the highest point at 5,717.82 USD. The deviation from the price is +0.95% for the low point and -0.06% for the high point.5,660.72
5,717.82
5,714.48
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NASDAQ COMPUTER INDEX:
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 NASDAQ COMPUTER INDEX in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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 bullish. There is still some doubt about the price increase.
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
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
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
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 4,862.46 | 5,040.08 | 5,635.18 | 5,714.48 |
| Change (%) | -14.91% | -11.80% | -1.39% | - |
| Change | -852.02 | -674.40 | -79.30 | - |
| Level | Major | 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 | 5,542.46 | 5,579.21 | 5,627.96 | 5,664.71 | 5,713.46 | 5,750.20 | 5,798.96 |
| Camarilla | 5,653.21 | 5,661.04 | 5,668.88 | 5,676.72 | 5,684.56 | 5,692.39 | 5,700.23 |
| Woodie | 5,548.47 | 5,582.21 | 5,633.97 | 5,667.71 | 5,719.47 | 5,753.21 | 5,804.97 |
| Fibonacci | 5,579.21 | 5,611.87 | 5,632.05 | 5,664.71 | 5,697.37 | 5,717.54 | 5,750.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,273.64 | 5,345.70 | 5,485.08 | 5,557.14 | 5,696.52 | 5,768.58 | 5,907.96 |
| Camarilla | 5,566.31 | 5,585.69 | 5,605.07 | 5,624.45 | 5,643.84 | 5,663.22 | 5,682.60 |
| Woodie | 5,307.29 | 5,362.53 | 5,518.73 | 5,573.97 | 5,730.17 | 5,785.41 | 5,941.62 |
| Fibonacci | 5,345.70 | 5,426.47 | 5,476.37 | 5,557.14 | 5,637.91 | 5,687.81 | 5,768.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,087.03 | 5,202.92 | 5,404.29 | 5,520.18 | 5,721.54 | 5,837.44 | 6,038.80 |
| Camarilla | 5,518.41 | 5,547.49 | 5,576.57 | 5,605.65 | 5,634.74 | 5,663.82 | 5,692.90 |
| Woodie | 5,129.77 | 5,224.29 | 5,447.02 | 5,541.55 | 5,764.28 | 5,858.80 | 6,081.54 |
| Fibonacci | 5,202.92 | 5,324.11 | 5,398.98 | 5,520.18 | 5,641.37 | 5,716.24 | 5,837.44 |
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): | 67.74 | |
| MACD (12,26,9): | 69.6000 | |
| Directional Movement: | 17.29 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 5,666.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,471.36 | |
| Elder Ray (13): | 70.40 | |
| Super Trend (3,10): | 5,508.01 | |
| Zig ZAG (10): | 5,682.35 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 93.96 | |
| TEMA (21): | 5,655.77 | |
| Williams %R (14): | -7.78 | |
| Chande Momentum Oscillator (20): | 81.11 | |
| Repulse (5,40,3): | 1.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1900 | |
| Courbe Coppock: | 2.38 |
| MA7: | 5,625.67 | |
| MA20: | 5,584.97 | |
| MA50: | 5,387.53 | |
| MA100: | 5,183.70 | |
| MAexp7: | 5,633.40 | |
| MAexp20: | 5,571.92 | |
| MAexp50: | 5,419.21 | |
| MAexp100: | 5,239.32 | |
| Price / MA7: | +1.58% | |
| Price / MA20: | +2.32% | |
| Price / MA50: | +6.07% | |
| Price / MA100: | +10.24% | |
| Price / MAexp7: | +1.44% | |
| Price / MAexp20: | +2.56% | |
| Price / MAexp50: | +5.45% | |
| Price / MAexp100: | +9.07% |
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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