NASDAQ TRANSPORTATION INDEX - Daily - Technical analysis published on 12/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 5,221.54 USD
My targets
5,374.16 USD (+1.78%)
5,669.45 USD (+7.37%)
My analysis
The basic bullish trend is very strong on NASDAQ TRANSPORTATION INDEX but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 5,221.54 USD. Crossing the first resistance at 5,374.16 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 5,669.45 USD as an objective. Caution, a return to below 5,221.54 USD would be a sign of a consolidation phase in the short-term basic trend. 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
6.8
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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
NASDAQ TRANSPORTATION INDEX rating 5,280.23 USD. On the day, this instrument gained +0.84% with the lowest point at 5,213.46 USD and the highest point at 5,283.77 USD. The deviation from the price is +1.28% for the low point and -0.07% for the high point.5,213.46
5,283.77
5,280.23
Here is a more detailed summary of the historical variations registered by NASDAQ TRANSPORTATION INDEX:
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 TRANSPORTATION INDEX indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
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
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,822.91 | 4,977.98 | 5,221.54 | 5,280.23 | 5,315.61 | 5,374.16 | 5,669.45 |
| Change (%) | -8.66% | -5.72% | -1.11% | - | +0.67% | +1.78% | +7.37% |
| Change | -457.32 | -302.25 | -58.69 | - | +35.38 | +93.93 | +389.22 |
| Level | Intermediate | Minor | Major | - | Major | Minor | 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 | 5,068.08 | 5,115.42 | 5,175.89 | 5,223.22 | 5,283.69 | 5,331.03 | 5,391.50 |
| Camarilla | 5,206.71 | 5,216.59 | 5,226.47 | 5,236.35 | 5,246.23 | 5,256.12 | 5,266.00 |
| Woodie | 5,074.64 | 5,118.70 | 5,182.45 | 5,226.51 | 5,290.25 | 5,334.31 | 5,398.06 |
| Fibonacci | 5,115.42 | 5,156.60 | 5,182.04 | 5,223.22 | 5,264.41 | 5,289.85 | 5,331.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,840.32 | 4,951.19 | 5,068.24 | 5,179.12 | 5,296.17 | 5,407.04 | 5,524.09 |
| Camarilla | 5,122.62 | 5,143.51 | 5,164.40 | 5,185.30 | 5,206.19 | 5,227.08 | 5,247.98 |
| Woodie | 4,843.41 | 4,952.74 | 5,071.33 | 5,180.66 | 5,299.26 | 5,408.59 | 5,527.18 |
| Fibonacci | 4,951.19 | 5,038.26 | 5,092.05 | 5,179.12 | 5,266.18 | 5,319.97 | 5,407.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,826.45 | 4,995.63 | 5,134.06 | 5,303.25 | 5,441.67 | 5,610.86 | 5,749.29 |
| Camarilla | 5,187.90 | 5,216.09 | 5,244.29 | 5,272.49 | 5,300.69 | 5,328.89 | 5,357.08 |
| Woodie | 4,811.07 | 4,987.94 | 5,118.68 | 5,295.56 | 5,426.30 | 5,603.17 | 5,733.91 |
| Fibonacci | 4,995.63 | 5,113.14 | 5,185.74 | 5,303.25 | 5,420.75 | 5,493.35 | 5,610.86 |
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): | 50.99 | |
| MACD (12,26,9): | -12.6100 | |
| Directional Movement: | 5.01 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 5,202.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,066.24 | |
| Elder Ray (13): | 22.50 | |
| Super Trend (3,10): | 5,305.40 | |
| Zig ZAG (10): | 5,224.65 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 55.57 | |
| TEMA (21): | 5,164.07 | |
| Williams %R (14): | -40.85 | |
| Chande Momentum Oscillator (20): | -92.98 | |
| Repulse (5,40,3): | 0.4200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 2.97 |
| MA7: | 5,182.75 | |
| MA20: | 5,220.51 | |
| MA50: | 5,195.80 | |
| MA100: | 5,065.94 | |
| MAexp7: | 5,199.16 | |
| MAexp20: | 5,217.84 | |
| MAexp50: | 5,186.92 | |
| MAexp100: | 5,132.67 | |
| Price / MA7: | +1.88% | |
| Price / MA20: | +1.14% | |
| Price / MA50: | +1.62% | |
| Price / MA100: | +4.23% | |
| Price / MAexp7: | +1.56% | |
| Price / MAexp20: | +1.20% | |
| Price / MAexp50: | +1.80% | |
| Price / MAexp100: | +2.87% |
This member declared not having a position on this financial instrument or a related financial instrument.
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