NASDAQ100 INDEX - 1H - Technical analysis published on 09/20/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
44%
17%
My opinion
Bearish under 11,068.30 USD
My targets
10,832.97 USD (-0.95%)
10,483.10 USD (-4.15%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NASDAQ100 INDEX as long as the price remains well below 11,068.30 USD. The sellers” bearish objective is set at 10,832.97 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10,483.10 USD. In case of crossing, the next objective would be the support located at 9,718.73 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by RudeWorld. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ100 INDEX rating is 10,936.98 USD. On the day, this instrument lost -1.30% and was between 10,769.40 USD and 11,153.97 USD. This implies that the price is at +1.56% from its lowest and at -1.95% from its highest.10,769.40
11,153.97
10,936.98
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of NASDAQ100 INDEX indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8,966.60 | 9,718.73 | 10,483.10 | 10,936.98 | 10,944.50 | 11,068.30 | 11,495.40 |
| Change (%) | -18.02% | -11.14% | -4.15% | - | +0.07% | +1.20% | +5.11% |
| Change | -1,970.38 | -1,218.25 | -453.88 | - | +7.52 | +131.32 | +558.42 |
| Level | Intermediate | Major | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,735.25 | 10,836.02 | 10,958.49 | 11,059.26 | 11,181.73 | 11,282.50 | 11,404.97 |
| Camarilla | 11,019.56 | 11,040.02 | 11,060.49 | 11,080.95 | 11,101.42 | 11,121.88 | 11,142.34 |
| Woodie | 10,746.09 | 10,841.45 | 10,969.33 | 11,064.69 | 11,192.57 | 11,287.93 | 11,415.81 |
| Fibonacci | 10,836.02 | 10,921.30 | 10,973.99 | 11,059.26 | 11,144.54 | 11,197.23 | 11,282.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,211.85 | 10,578.54 | 10,832.97 | 11,199.65 | 11,454.08 | 11,820.77 | 12,075.20 |
| Camarilla | 10,916.59 | 10,973.53 | 11,030.47 | 11,087.40 | 11,144.34 | 11,201.27 | 11,258.21 |
| Woodie | 10,155.73 | 10,550.47 | 10,776.84 | 11,171.59 | 11,397.96 | 11,792.71 | 12,019.08 |
| Fibonacci | 10,578.54 | 10,815.80 | 10,962.39 | 11,199.65 | 11,436.92 | 11,583.50 | 11,820.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,942.29 | 10,398.67 | 11,254.69 | 11,711.07 | 12,567.09 | 13,023.47 | 13,879.48 |
| Camarilla | 11,749.79 | 11,870.09 | 11,990.39 | 12,110.70 | 12,231.00 | 12,351.30 | 12,471.61 |
| Woodie | 10,142.10 | 10,498.58 | 11,454.50 | 11,810.98 | 12,766.90 | 13,123.38 | 14,079.30 |
| Fibonacci | 10,398.67 | 10,900.01 | 11,209.74 | 11,711.07 | 12,212.41 | 12,522.14 | 13,023.47 |
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): | 35.31 | |
| MACD (12,26,9): | -110.2800 | |
| Directional Movement: | -16.16 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 10,932.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,109.02 | |
| Elder Ray (13): | -76.07 | |
| Super Trend (3,10): | 11,169.04 | |
| Zig ZAG (10): | 10,936.98 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 26.96 | |
| TEMA (21): | 10,877.59 | |
| Williams %R (14): | -57.10 | |
| Chande Momentum Oscillator (20): | -163.44 | |
| Repulse (5,40,3): | 0.3800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 6.05 |
| MA7: | 11,174.81 | |
| MA20: | 11,585.12 | |
| MA50: | 11,192.87 | |
| MA100: | 10,427.29 | |
| MAexp7: | 10,946.75 | |
| MAexp20: | 11,067.61 | |
| MAexp50: | 11,227.14 | |
| MAexp100: | 11,363.04 | |
| Price / MA7: | -2.13% | |
| Price / MA20: | -5.59% | |
| Price / MA50: | -2.29% | |
| Price / MA100: | +4.89% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -1.18% | |
| Price / MAexp50: | -2.58% | |
| Price / MAexp100: | -3.75% |
Quotes :
2020-09-18 19:59:59
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15 min delayed data
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NASDAQ US Indices
News
The latest news and videos published on NASDAQ100 INDEX at the time of the analysis were as follows:
-
S&P 500 and NASDAQ 100 Forecast September 21, 2020
-
“Buzz on the Street” Show: Nemaura Medical (NASDAQ: NMRD) Appoints Justin Mclarney as CFO
-
S&P 500 and NASDAQ 100 Forecast September 18, 2020
-
S&P 500 and NASDAQ 100 Forecast September 17, 2020
-
“Buzz on the Street” Show: AnPac Bio-Medical (NASDAQ: ANPC) Receives Immunology Testing Contract
This member declared not having a position on this financial instrument or a related financial instrument.
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