NASDAQ100 INDEX - Daily - Technical analysis published on 05/04/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
56%
28%
My opinion
Bullish above 13,202.40 USD
My targets
13,807.70 USD (+2.29%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NASDAQ100 INDEX. As long as you are above the support located at 13,202.40 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 13,807.70 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 13,202.40 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.3
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This analysis was given by imlongcat. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ100 INDEX price is 13,498.69 USD. On the day, this instrument lost -2.18% and was between 13,491.85 USD and 13,705.38 USD. This implies that the price is at +0.05% from its lowest and at -1.51% from its highest.13,491.85
13,705.38
13,498.69
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NASDAQ100 INDEX in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a bearish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 11,056.00 | 12,420.50 | 13,202.40 | 13,498.69 | 13,807.70 |
Change (%) | -18.10% | -7.99% | -2.19% | - | +2.29% |
Change | -2,442.69 | -1,078.19 | -296.29 | - | +309.01 |
Level | Intermediate | Intermediate | Minor | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 13,567.58 | 13,676.12 | 13,737.92 | 13,846.46 | 13,908.26 | 14,016.80 | 14,078.60 |
Camarilla | 13,752.88 | 13,768.49 | 13,784.11 | 13,799.72 | 13,815.34 | 13,830.95 | 13,846.56 |
Woodie | 13,544.21 | 13,664.44 | 13,714.55 | 13,834.78 | 13,884.89 | 14,005.12 | 14,055.23 |
Fibonacci | 13,676.12 | 13,741.19 | 13,781.39 | 13,846.46 | 13,911.53 | 13,951.73 | 14,016.80 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 13,536.03 | 13,686.07 | 13,773.41 | 13,923.45 | 14,010.79 | 14,160.83 | 14,248.17 |
Camarilla | 13,795.48 | 13,817.24 | 13,839.00 | 13,860.76 | 13,882.52 | 13,904.28 | 13,926.04 |
Woodie | 13,504.69 | 13,670.40 | 13,742.07 | 13,907.78 | 13,979.45 | 14,145.16 | 14,216.83 |
Fibonacci | 13,686.07 | 13,776.75 | 13,832.77 | 13,923.45 | 14,014.13 | 14,070.15 | 14,160.83 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 12,568.90 | 12,912.36 | 13,386.56 | 13,730.02 | 14,204.22 | 14,547.68 | 15,021.88 |
Camarilla | 13,635.90 | 13,710.86 | 13,785.81 | 13,860.76 | 13,935.71 | 14,010.66 | 14,085.62 |
Woodie | 12,634.27 | 12,945.05 | 13,451.93 | 13,762.71 | 14,269.59 | 14,580.37 | 15,087.25 |
Fibonacci | 12,912.36 | 13,224.71 | 13,417.67 | 13,730.02 | 14,042.37 | 14,235.33 | 14,547.68 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 44.60 | |
MACD (12,26,9): | 115.6300 | |
Directional Movement: | -5.68 | |
AROON (14): | -21.43 | |
DEMA (21): | 13,934.09 | |
Parabolic SAR (0,02-0,02-0,2): | 14,061.93 | |
Elder Ray (13): | -205.70 | |
Super Trend (3,10): | 13,417.51 | |
Zig ZAG (10): | 13,500.11 | |
VORTEX (21): | 0.9500 | |
Stochastique (14,3,5): | 21.69 | |
TEMA (21): | 13,912.56 | |
Williams %R (14): | -98.77 | |
Chande Momentum Oscillator (20): | -506.80 | |
Repulse (5,40,3): | -2.6000 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.2000 | |
Courbe Coppock: | 0.04 |
MA7: | 13,865.32 | |
MA20: | 13,863.80 | |
MA50: | 13,334.33 | |
MA100: | 13,209.43 | |
MAexp7: | 13,799.48 | |
MAexp20: | 13,750.99 | |
MAexp50: | 13,494.66 | |
MAexp100: | 13,120.17 | |
Price / MA7: | -2.64% | |
Price / MA20: | -2.63% | |
Price / MA50: | +1.23% | |
Price / MA100: | +2.19% | |
Price / MAexp7: | -2.18% | |
Price / MAexp20: | -1.83% | |
Price / MAexp50: | +0.03% | |
Price / MAexp100: | +2.89% |
Quotes :
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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 May 4, 2021
- S&P 500 and NASDAQ 100 Forecast May 3, 2021
- S&P 500 and NASDAQ 100 Forecast April 30, 2021
- S&P 500 and NASDAQ 100 Forecast April 29, 2021
- S&P 500 and NASDAQ 100 Forecast April 28, 2021
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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