NASDAQ100 INDEX
NASDAQ100 INDEX
- USD (-)
- 15 min delayed data - NASDAQ US Indices
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Indices
Ticker: NDX
ISIN:

NASDAQ100 INDEX - Weekly - Technical analysis published on 02/04/2021 (GMT)

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  • Timeframe : Weekly
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 12,420.50 USD
My targets
14,035.13 USD (+3.90%)
14,506.57 USD (+7.39%)
My analysis
The bullish trend is currently very strong on NASDAQ100 INDEX. As long as the price remains above the support at 12,420.50 USD, you could try to benefit from the boom. The first bullish objective is located at 14,035.13 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 14,506.57 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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
8.6

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 RudeWorld. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Daily

Additional analysis

Quotes

The NASDAQ100 INDEX rating is 13,507.94 USD. The price is up +2.32% over 5 days and has been traded over the last 5 days between 12,983.10 USD and 13,561.50 USD. This implies that the 5 day price is +4.04% from its lowest point and -0.39% from its highest point.

12,983.10
13,561.50
13,507.94

Here is a more detailed summary of the historical variations registered by NASDAQ100 INDEX:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 Weekly of this NASDAQ100 INDEX chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly


MACD indicator: bearish divergence

Type : Bullish

Timeframe : Weekly


RSI indicator: bearish divergence

Type : Bearish

Timeframe : Weekly


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

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 : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Dark cloud cover

Type : Bearish

Timeframe : Weekly




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 9,718.73 11,052.90 12,420.50 13,507.94
Change (%) -28.05% -18.17% -8.05% -
Change -3,789.21 -2,455.04 -1,087.44 -
Level Major Intermediate Intermediate -



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13,187.8913,294.4413,348.4113,454.9513,508.9213,615.4713,669.44
Camarilla13,358.2313,372.9513,387.6613,402.3713,417.0913,431.8013,446.52
Woodie13,161.6013,281.2913,322.1213,441.8113,482.6313,602.3313,643.15
Fibonacci13,294.4413,355.7513,393.6313,454.9513,516.2713,554.1513,615.47


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11,941.0012,393.2012,659.3013,111.5013,377.6013,829.8014,095.90
Camarilla12,727.8712,793.7112,859.5612,925.4012,991.2513,057.0913,122.93
Woodie11,847.9512,346.6812,566.2513,064.9813,284.5513,783.2814,002.85
Fibonacci12,393.2012,667.5912,837.1113,111.5013,385.8913,555.4113,829.80


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11,427.6711,982.5312,453.9713,008.8313,480.2714,035.1314,506.57
Camarilla12,643.1712,737.2512,831.3212,925.4013,019.4813,113.5613,207.63
Woodie11,385.9511,961.6812,412.2512,987.9813,438.5514,014.2814,464.85
Fibonacci11,982.5312,374.5812,616.7913,008.8313,400.8813,643.0914,035.13

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): 67.28
MACD (12,26,9): 686.5000
Directional Movement: 17.98
AROON (14): 85.72
DEMA (21): 13,279.53
Parabolic SAR (0,02-0,02-0,2): 12,641.04
Elder Ray (13): 558.07
Super Trend (3,10): 11,676.84
Zig ZAG (10): 13,492.95
VORTEX (21): 1.1500
Stochastique (14,3,5): 90.03
TEMA (21): 13,368.55
Williams %R (14): -2.60
Chande Momentum Oscillator (20): 1,559.08
Repulse (5,40,3): 3.1100
ROCnROLL: 1
TRIX (15,9): 0.8600
Courbe Coppock: 25.74
MA7: 13,264.64
MA20: 13,170.42
MA50: 12,797.59
MA100: 12,175.25
MAexp7: 13,034.48
MAexp20: 12,365.42
MAexp50: 11,136.29
MAexp100: 9,867.14
Price / MA7: +1.83%
Price / MA20: +2.56%
Price / MA50: +5.55%
Price / MA100: +10.95%
Price / MAexp7: +3.63%
Price / MAexp20: +9.24%
Price / MAexp50: +21.30%
Price / MAexp100: +36.90%

Quotes : 2021-02-04 18:27:00 - 15 min delayed data - NASDAQ US Indices

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

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