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
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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 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.
Opening Gap UP
Type : Bullish
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 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:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
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
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 8,746.70 | 8,823.64 | 8,877.13 | 8,954.06 | 8,894.49 | 8,954.87 | 9,069.42 |
Camarilla | 8,894.75 | 8,906.71 | 8,918.66 | 8,930.62 | 8,942.57 | 8,954.53 | 8,966.49 |
Woodie | 8,734.98 | 8,817.78 | 8,865.41 | 8,948.20 | 8,995.83 | 9,078.63 | 9,126.26 |
Fibonacci | 8,605.02 | 8,671.84 | 8,713.12 | 8,779.95 | 8,846.77 | 8,888.05 | 8,954.87 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8,225.48 | 8,447.07 | 8,582.63 | 8,804.23 | 8,939.78 | 9,161.38 | 9,296.93 |
Camarilla | 8,619.96 | 8,652.70 | 8,685.44 | 8,718.18 | 8,750.92 | 8,783.66 | 8,816.40 |
Woodie | 8,182.45 | 8,425.56 | 8,539.60 | 8,782.71 | 8,896.76 | 9,139.87 | 9,253.91 |
Fibonacci | 8,447.07 | 8,583.51 | 8,667.79 | 8,804.23 | 8,940.66 | 9,024.95 | 9,161.38 |
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): | 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% |
News
The last news published on NASDAQ100 INDEX at the time of the generation of this analysis was as follows:
- S&P 500 and NASDAQ 100 Forecast May 6, 2020
- S&P 500 and NASDAQ 100 Forecast May 5, 2020
- Futures turn to data for direction, Nasdaq in focus
- S&P 500 and NASDAQ 100 Forecast May 4, 2020
- S&P 500 and NASDAQ 100 Forecast May 1, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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