NASDAQ100 INDEX

- USD (-)

- 15 min delayed data - NASDAQ US Indices

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Type:	Indices
Ticker:	NDX
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NASDAQ100 INDEX - Daily - Technical analysis published on 11/13/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Strongly bullish

Technical indicators

67%

33%

My opinion

Bullish above 11,663.50 USD

My targets

12,420.50 USD (+5.02%)

My analysis

The basic bullish trend is very strong on NASDAQ100 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 11,663.50 USD. Crossing the first resistance at 12,420.50 USD would be a sign of a potential new surge in the price. Caution, a return to below 11,663.50 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

6.8

Comment on the analysis

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 Oshakati2018. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NASDAQ100 INDEX rating 11,827.14 USD. On the day, this instrument lost -0.55% and was between 11,786.09 USD and 11,976.89 USD. This implies that the price is at +0.35% from its lowest and at -1.25% from its highest.

11,786.09

11,976.89

11,827.14

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this NASDAQ100 INDEX chart shows a strongly bullish trend. 82.14% 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. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

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:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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:

White morning star

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	9,718.73	10,833.30	11,663.50	11,827.14	12,420.50
Change (%)	-17.83%	-8.40%	-1.38%	-	+5.02%
Change	-2,108.41	-993.84	-163.64	-	+593.36
Level	Major	Intermediate	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	11,580.32	11,647.32	11,770.13	11,837.13	11,959.93	12,026.93	12,149.74
Camarilla	11,840.73	11,858.13	11,875.53	11,892.93	11,910.33	11,927.73	11,945.13
Woodie	11,608.22	11,661.27	11,798.03	11,851.08	11,987.83	12,040.88	12,177.64
Fibonacci	11,647.32	11,719.83	11,764.62	11,837.13	11,909.63	11,954.43	12,026.93

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10,166.69	10,561.90	11,326.62	11,721.83	12,486.56	12,881.77	13,646.49
Camarilla	11,772.36	11,878.69	11,985.02	12,091.35	12,197.67	12,304.00	12,410.33
Woodie	10,351.45	10,654.28	11,511.38	11,814.21	12,671.31	12,974.15	13,831.25
Fibonacci	10,561.90	11,004.99	11,278.74	11,721.83	12,164.93	12,438.67	12,881.77

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9,362.27	10,161.15	10,607.05	11,405.92	11,851.82	12,650.70	13,096.60
Camarilla	10,710.63	10,824.74	10,938.84	11,052.95	11,167.05	11,281.16	11,395.26
Woodie	9,185.78	10,072.90	10,430.56	11,317.68	11,675.33	12,562.46	12,920.11
Fibonacci	10,161.15	10,636.65	10,930.42	11,405.92	11,881.43	12,175.20	12,650.70

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	54.27
MACD (12,26,9):	83.5600
Directional Movement:	5.12
AROON (14):	35.71
DEMA (21):	11,755.25
Parabolic SAR (0,02-0,02-0,2):	11,268.46
Elder Ray (13):	178.11
Super Trend (3,10):	11,133.11
Zig ZAG (10):	11,827.14
VORTEX (21):	0.8600
Stochastique (14,3,5):	62.85
TEMA (21):	11,786.83
Williams %R (14):	-33.66
Chande Momentum Oscillator (20):	228.19
Repulse (5,40,3):	-1.0900
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	2.48

MA7:	11,874.45
MA20:	11,616.05
MA50:	11,480.60
MA100:	11,228.35
MAexp7:	11,773.76
MAexp20:	11,658.06
MAexp50:	11,498.68
MAexp100:	11,102.01
Price / MA7:	-0.40%
Price / MA20:	+1.82%
Price / MA50:	+3.02%
Price / MA100:	+5.33%
Price / MAexp7:	+0.45%
Price / MAexp20:	+1.45%
Price / MAexp50:	+2.86%
Price / MAexp100:	+6.53%

Quotes : 2020-11-12 20:59:59 - 15 min delayed data - NASDAQ US Indices

News

The latest news and videos published on NASDAQ100 INDEX at the time of the analysis were as follows:

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

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