NASDAQ100 INDEX
NASDAQ100 INDEX
- USD (-)
- 15 min delayed data - NASDAQ US Indices
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Type: Indices
Ticker: NDX
ISIN:

NASDAQ100 INDEX - Daily - Technical analysis published on 05/06/2020 (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%
0%
33%
My opinion
Bullish above 8,483.43 USD
My targets
9,216.98 USD (+2.16%)
9,718.73 USD (+7.72%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NASDAQ100 INDEX as long as the price remains well above 8,483.43 USD. The buyers” bullish objective is set at 9,216.98 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9,718.73 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
7.1

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:
15 min. 1H Weekly

Additional analysis

Quotes

The NASDAQ100 INDEX rating is 9,022.07 USD. The price has increased by +1.02% since the last closing and was between 8,989.83 USD and 9,025.71 USD. This implies that the price is at +0.36% from its lowest and at -0.04% from its highest.

8,989.83
9,025.71
9,022.07

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by NASDAQ100 INDEX:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of NASDAQ100 INDEX in Daily shows a strongly overall bullish trend. 82.14% 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. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily



An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 7,660.18 8,426.42 8,956.97 9,022.07 9,216.98 9,718.73
Change (%) -15.10% -6.60% -0.72% - +2.16% +7.72%
Change -1,361.89 -595.65 -65.10 - +194.91 +696.66
Level Major 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
Standard8,746.708,823.648,877.138,954.068,894.498,954.879,069.42
Camarilla8,894.758,906.718,918.668,930.628,942.578,954.538,966.49
Woodie8,734.988,817.788,865.418,948.208,995.839,078.639,126.26
Fibonacci8,605.028,671.848,713.128,779.958,846.778,888.058,954.87


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8,225.488,447.078,582.638,804.238,939.789,161.389,296.93
Camarilla8,619.968,652.708,685.448,718.188,750.928,783.668,816.40
Woodie8,182.458,425.568,539.608,782.718,896.769,139.879,253.91
Fibonacci8,447.078,583.518,667.798,804.238,940.669,024.959,161.38


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6,339.196,881.587,941.058,483.439,542.9010,085.2911,144.75
Camarilla8,560.008,706.848,853.679,000.519,147.359,294.189,441.02
Woodie6,597.737,010.858,199.588,612.709,801.4410,214.5611,403.29
Fibonacci6,881.587,493.497,871.538,483.439,095.349,473.3810,085.29

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): 59.41
MACD (12,26,9): 210.9500
Directional Movement: 5.87
AROON (14): 71.43
DEMA (21): 8,921.18
Parabolic SAR (0,02-0,02-0,2): 8,571.20
Elder Ray (13): 227.78
Super Trend (3,10): 8,328.34
Zig ZAG (10): 9,024.41
VORTEX (21): 1.1400
Stochastique (14,3,5): 70.02
TEMA (21): 9,053.46
Williams %R (14): -14.96
Chande Momentum Oscillator (20): 98.21
Repulse (5,40,3): 0.3700
ROCnROLL: 1
TRIX (15,9): 0.3700
Courbe Coppock: 9.90
MA7: 8,854.49
MA20: 8,646.41
MA50: 8,212.94
MA100: 8,631.37
MAexp7: 8,835.72
MAexp20: 8,654.54
MAexp50: 8,485.81
MAexp100: 8,454.77
Price / MA7: +1.89%
Price / MA20: +4.34%
Price / MA50: +9.85%
Price / MA100: +4.53%
Price / MAexp7: +2.11%
Price / MAexp20: +4.25%
Price / MAexp50: +6.32%
Price / MAexp100: +6.71%

This member declared not having a position on this financial instrument or a related financial instrument.

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