NASDAQ TRANSPORTATION INDEX - Daily - Technical analysis published on 05/12/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
67%
0%
33%
My opinion
Bullish above 4,051.44 USD
My targets
4,349.03 USD (+5.43%)
4,653.92 USD (+12.82%)
My analysis
The strong short-term increase in NASDAQ TRANSPORTATION INDEX calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 4,051.44 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 4,349.03 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4,653.92 USD as an objective. Crossing it would then enable buyers to target 4,960.05 USD. Caution, a return under 4,051.44 USD could jeopardize the reversal.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
2.9
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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
NASDAQ TRANSPORTATION INDEX rating 4,125.05 USD. On the day, this instrument gained -0.39% with the lowest point at 4,065.75 USD and the highest point at 4,154.93 USD. The deviation from the price is +1.46% for the low point and -0.72% for the high point.4,065.75
4,154.93
4,125.05
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NASDAQ TRANSPORTATION INDEX indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,494.77 | 3,805.13 | 4,051.44 | 4,125.05 | 4,349.03 | 4,653.92 | 4,960.05 |
| Change (%) | -15.28% | -7.76% | -1.78% | - | +5.43% | +12.82% | +20.24% |
| Change | -630.28 | -319.92 | -73.61 | - | +223.98 | +528.87 | +835.00 |
| Level | Major | Major | Major | - | Major | 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 | 3,989.93 | 4,022.45 | 4,081.78 | 4,114.30 | 4,173.64 | 4,206.16 | 4,265.50 |
| Camarilla | 4,115.86 | 4,124.28 | 4,132.70 | 4,141.12 | 4,149.54 | 4,157.96 | 4,166.38 |
| Woodie | 4,003.34 | 4,029.15 | 4,095.19 | 4,121.01 | 4,187.05 | 4,212.86 | 4,278.91 |
| Fibonacci | 4,022.45 | 4,057.54 | 4,079.21 | 4,114.30 | 4,149.39 | 4,171.07 | 4,206.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,763.91 | 3,841.64 | 3,991.38 | 4,069.10 | 4,218.84 | 4,296.57 | 4,446.31 |
| Camarilla | 4,078.57 | 4,099.42 | 4,120.27 | 4,141.12 | 4,161.97 | 4,182.82 | 4,203.67 |
| Woodie | 3,799.93 | 3,859.64 | 4,027.39 | 4,087.11 | 4,254.85 | 4,314.57 | 4,482.32 |
| Fibonacci | 3,841.64 | 3,928.53 | 3,982.21 | 4,069.10 | 4,155.99 | 4,209.67 | 4,296.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,845.64 | 3,166.32 | 3,658.46 | 3,979.15 | 4,471.29 | 4,791.98 | 5,284.11 |
| Camarilla | 3,927.08 | 4,001.58 | 4,076.09 | 4,150.60 | 4,225.11 | 4,299.62 | 4,374.13 |
| Woodie | 2,931.36 | 3,209.19 | 3,744.19 | 4,022.01 | 4,557.02 | 4,834.84 | 5,369.84 |
| Fibonacci | 3,166.32 | 3,476.82 | 3,668.65 | 3,979.15 | 4,289.65 | 4,481.48 | 4,791.98 |
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): | 54.96 | |
| MACD (12,26,9): | 34.4400 | |
| Directional Movement: | 5.03 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 4,044.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,931.06 | |
| Elder Ray (13): | 72.13 | |
| Super Trend (3,10): | 3,817.62 | |
| Zig ZAG (10): | 4,125.05 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 59.00 | |
| TEMA (21): | 4,148.42 | |
| Williams %R (14): | -33.66 | |
| Chande Momentum Oscillator (20): | 240.01 | |
| Repulse (5,40,3): | 1.9400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 8.04 |
| MA7: | 4,038.07 | |
| MA20: | 4,004.49 | |
| MA50: | 3,912.81 | |
| MA100: | 4,598.07 | |
| MAexp7: | 4,066.11 | |
| MAexp20: | 4,012.39 | |
| MAexp50: | 4,116.47 | |
| MAexp100: | 4,399.69 | |
| Price / MA7: | +2.15% | |
| Price / MA20: | +3.01% | |
| Price / MA50: | +5.42% | |
| Price / MA100: | -10.29% | |
| Price / MAexp7: | +1.45% | |
| Price / MAexp20: | +2.81% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | -6.24% |
This member declared not having a position on this financial instrument or a related financial instrument.
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