NASDAQ100 INDEX - 1H - Technical analysis published on 05/04/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
17%
61%
22%
My opinion
Bearish under 8,956.97 USD
My targets
8,479.24 USD (-2.20%)
8,426.42 USD (-2.81%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for NASDAQ100 INDEX as long as the price remains well below 8,956.97 USD. The next bearish objective for sellers is set at 8,479.24 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8,426.42 USD. In case of crossing, the next objective would be the support located at 7,909.34 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 8,479.24 USD. With this support, against the trend traders who want to buy NASDAQ100 INDEX on a buy signal from their trading strategy should not hesitate to act.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
2.1
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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 NASDAQ100 INDEX rating is 8,670.30 USD. The price is lower by -0.55% since the last closing with the lowest point at 8,665.40 USD and the highest point at 8,694.13 USD. The deviation from the price is +0.06% for the low point and -0.27% for the high point.8,665.40
8,694.13
8,670.30
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NASDAQ100 INDEX:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NASDAQ100 INDEX indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
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
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 7,909.34 | 8,426.42 | 8,668.67 | 8,670.30 | 8,956.97 | 9,216.98 | 9,718.73 |
Change (%) | -8.78% | -2.81% | -0.02% | - | +3.31% | +6.31% | +12.09% |
Change | -760.96 | -243.88 | -1.63 | - | +286.67 | +546.68 | +1,048.43 |
Level | Intermediate | Major | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8,837.00 | 8,878.71 | 8,939.61 | 8,981.32 | 9,042.22 | 9,083.93 | 9,144.83 |
Camarilla | 8,972.29 | 8,981.70 | 8,991.10 | 9,000.51 | 9,009.92 | 9,019.32 | 9,028.73 |
Woodie | 8,846.60 | 8,883.51 | 8,949.20 | 8,986.12 | 9,051.81 | 9,088.73 | 9,154.42 |
Fibonacci | 8,878.71 | 8,917.91 | 8,942.12 | 8,981.32 | 9,020.52 | 9,044.73 | 9,083.93 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 7,983.90 | 8,171.87 | 8,479.24 | 8,667.21 | 8,974.58 | 9,162.55 | 9,469.92 |
Camarilla | 8,650.39 | 8,695.79 | 8,741.20 | 8,786.60 | 8,832.01 | 8,877.42 | 8,922.82 |
Woodie | 8,043.59 | 8,201.72 | 8,538.93 | 8,697.06 | 9,034.27 | 9,192.40 | 9,529.61 |
Fibonacci | 8,171.87 | 8,361.09 | 8,477.99 | 8,667.21 | 8,856.43 | 8,973.33 | 9,162.55 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 6,339.19 | 6,881.58 | 7,941.05 | 8,483.43 | 9,542.90 | 10,085.29 | 11,144.75 |
Camarilla | 8,560.00 | 8,706.84 | 8,853.67 | 9,000.51 | 9,147.35 | 9,294.18 | 9,441.02 |
Woodie | 6,597.73 | 7,010.85 | 8,199.58 | 8,612.70 | 9,801.44 | 10,214.56 | 11,403.29 |
Fibonacci | 6,881.58 | 7,493.49 | 7,871.53 | 8,483.43 | 9,095.34 | 9,473.38 | 10,085.29 |
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): | 38.47 | |
MACD (12,26,9): | -23.9100 | |
Directional Movement: | -7.93 | |
AROON (14): | -85.71 | |
DEMA (21): | 8,817.20 | |
Parabolic SAR (0,02-0,02-0,2): | 8,940.95 | |
Elder Ray (13): | -78.29 | |
Super Trend (3,10): | 8,920.26 | |
Zig ZAG (10): | 8,718.18 | |
VORTEX (21): | 0.9200 | |
Stochastique (14,3,5): | 9.97 | |
TEMA (21): | 8,759.42 | |
Williams %R (14): | -91.15 | |
Chande Momentum Oscillator (20): | -262.75 | |
Repulse (5,40,3): | -0.4100 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0200 | |
Courbe Coppock: | 4.83 |
MA7: | 8,811.06 | |
MA20: | 8,538.66 | |
MA50: | 8,228.17 | |
MA100: | 8,620.89 | |
MAexp7: | 8,743.37 | |
MAexp20: | 8,829.66 | |
MAexp50: | 8,793.94 | |
MAexp100: | 8,651.55 | |
Price / MA7: | -1.60% | |
Price / MA20: | +1.54% | |
Price / MA50: | +5.37% | |
Price / MA100: | +0.57% | |
Price / MAexp7: | -0.84% | |
Price / MAexp20: | -1.80% | |
Price / MAexp50: | -1.41% | |
Price / MAexp100: | +0.22% |
News
Don"t forget to follow the news on NASDAQ100 INDEX. At the time of publication of this analysis, the latest news was as follows:
- S&P 500 and NASDAQ 100 Forecast May 4, 2020
- S&P 500 and NASDAQ 100 Forecast May 1, 2020
- S&P 500 and NASDAQ 100 Forecast April 30, 2020
- S&P 500 and NASDAQ 100 Forecast April 29, 2020
- S&P 500 and NASDAQ 100 Forecast April 28, 2020
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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