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
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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 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:
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:
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
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:
Dark cloud cover
Type : Bearish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
Price
S3 | S2 | S1 | Price | |
---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 13,187.89 | 13,294.44 | 13,348.41 | 13,454.95 | 13,508.92 | 13,615.47 | 13,669.44 |
Camarilla | 13,358.23 | 13,372.95 | 13,387.66 | 13,402.37 | 13,417.09 | 13,431.80 | 13,446.52 |
Woodie | 13,161.60 | 13,281.29 | 13,322.12 | 13,441.81 | 13,482.63 | 13,602.33 | 13,643.15 |
Fibonacci | 13,294.44 | 13,355.75 | 13,393.63 | 13,454.95 | 13,516.27 | 13,554.15 | 13,615.47 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 11,941.00 | 12,393.20 | 12,659.30 | 13,111.50 | 13,377.60 | 13,829.80 | 14,095.90 |
Camarilla | 12,727.87 | 12,793.71 | 12,859.56 | 12,925.40 | 12,991.25 | 13,057.09 | 13,122.93 |
Woodie | 11,847.95 | 12,346.68 | 12,566.25 | 13,064.98 | 13,284.55 | 13,783.28 | 14,002.85 |
Fibonacci | 12,393.20 | 12,667.59 | 12,837.11 | 13,111.50 | 13,385.89 | 13,555.41 | 13,829.80 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 11,427.67 | 11,982.53 | 12,453.97 | 13,008.83 | 13,480.27 | 14,035.13 | 14,506.57 |
Camarilla | 12,643.17 | 12,737.25 | 12,831.32 | 12,925.40 | 13,019.48 | 13,113.56 | 13,207.63 |
Woodie | 11,385.95 | 11,961.68 | 12,412.25 | 12,987.98 | 13,438.55 | 14,014.28 | 14,464.85 |
Fibonacci | 11,982.53 | 12,374.58 | 12,616.79 | 13,008.83 | 13,400.88 | 13,643.09 | 14,035.13 |
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
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15 min delayed data
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NASDAQ US Indices
News
Don"t forget to follow the news on NASDAQ100 INDEX. At the time of publication of this analysis, the latest news was as follows:
- S&P 500 and NASDAQ 100 Forecast February 4, 2021
- S&P 500 and NASDAQ 100 Forecast February 3, 2021
- S&P 500 and NASDAQ 100 Forecast February 2, 2021
- S&P 500 and NASDAQ 100 Forecast February 1, 2021
- "We need a healthy correction" in the Nasdaq
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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