NASDAQ100 INDEX - 1H - Technical analysis published on 11/29/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 16,102.80 USD
My targets
15,905.30 USD (-0.75%)
15,675.80 USD (-2.18%)
My analysis
NASDAQ100 INDEX is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 16,102.80 USD. The next support located at 15,905.30 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 15,675.80 USD. Below this support, sellers could then target 15,497.60 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.1
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This analysis was given by huthayfa. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ100 INDEX price is 16,025.58 USD. The price is lower by -2.09% since the last closing and was between 15,988.95 USD and 16,302.58 USD. This implies that the price is at +0.23% from its lowest and at -1.70% from its highest.15,988.95
16,302.58
16,025.58
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
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 (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NASDAQ100 INDEX in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals 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 shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 15,497.60 | 15,675.80 | 15,905.30 | 16,025.58 | 16,102.80 | 16,306.40 | 16,455.20 |
Change (%) | -3.29% | -2.18% | -0.75% | - | +0.48% | +1.75% | +2.68% |
Change | -527.98 | -349.78 | -120.28 | - | +77.22 | +280.82 | +429.62 |
Level | Minor | Major | Major | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 15,595.20 | 15,792.07 | 15,908.83 | 16,105.70 | 16,222.46 | 16,419.33 | 16,536.09 |
Camarilla | 15,939.33 | 15,968.08 | 15,996.83 | 16,025.58 | 16,054.33 | 16,083.08 | 16,111.83 |
Woodie | 15,555.14 | 15,772.04 | 15,868.77 | 16,085.67 | 16,182.40 | 16,399.30 | 16,496.03 |
Fibonacci | 15,792.07 | 15,911.88 | 15,985.90 | 16,105.70 | 16,225.51 | 16,299.53 | 16,419.33 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 14,978.82 | 15,483.89 | 15,754.73 | 16,259.80 | 16,530.64 | 17,035.71 | 17,306.55 |
Camarilla | 15,812.21 | 15,883.33 | 15,954.46 | 16,025.58 | 16,096.71 | 16,167.83 | 16,238.96 |
Woodie | 14,861.72 | 15,425.33 | 15,637.63 | 16,201.24 | 16,413.54 | 16,977.15 | 17,189.45 |
Fibonacci | 15,483.89 | 15,780.28 | 15,963.40 | 16,259.80 | 16,556.19 | 16,739.31 | 17,035.71 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 13,399.28 | 13,892.09 | 14,871.28 | 15,364.09 | 16,343.28 | 16,836.09 | 17,815.28 |
Camarilla | 15,445.67 | 15,580.60 | 15,715.54 | 15,850.47 | 15,985.40 | 16,120.34 | 16,255.27 |
Woodie | 13,642.47 | 14,013.69 | 15,114.47 | 15,485.69 | 16,586.47 | 16,957.69 | 18,058.47 |
Fibonacci | 13,892.09 | 14,454.39 | 14,801.79 | 15,364.09 | 15,926.39 | 16,273.79 | 16,836.09 |
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): | 33.35 | |
MACD (12,26,9): | -82.8200 | |
Directional Movement: | -22.86 | |
AROON (14): | -28.57 | |
DEMA (21): | 16,145.05 | |
Parabolic SAR (0,02-0,02-0,2): | 16,330.21 | |
Elder Ray (13): | -164.11 | |
Super Trend (3,10): | 16,328.84 | |
Zig ZAG (10): | 16,025.58 | |
VORTEX (21): | 0.7600 | |
Stochastique (14,3,5): | 11.38 | |
TEMA (21): | 16,075.33 | |
Williams %R (14): | -90.40 | |
Chande Momentum Oscillator (20): | -281.13 | |
Repulse (5,40,3): | -0.6100 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0500 | |
Courbe Coppock: | 1.37 |
MA7: | 16,349.35 | |
MA20: | 16,214.83 | |
MA50: | 15,541.56 | |
MA100: | 15,348.46 | |
MAexp7: | 16,129.84 | |
MAexp20: | 16,240.96 | |
MAexp50: | 16,298.89 | |
MAexp100: | 16,226.52 | |
Price / MA7: | -1.98% | |
Price / MA20: | -1.17% | |
Price / MA50: | +3.11% | |
Price / MA100: | +4.41% | |
Price / MAexp7: | -0.65% | |
Price / MAexp20: | -1.33% | |
Price / MAexp50: | -1.68% | |
Price / MAexp100: | -1.24% |
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:
- “The Buzz'' Show: BioNTech SE (NASDAQ: BNTX) and Pfizer Receive Positive CHMP Opinion for Comirnaty
- S&P 500 and NASDAQ 100 Forecast November 29, 2021
- “The Buzz'' Show: Ocuphire Pharma, Inc. (NASDAQ: OCUP) First Patients in the MIRA-3 Phase 3 Trial
- S&P 500 and NASDAQ 100 Forecast November 25, 2021
- “The Buzz'' Show: Pasithea Therapeutics Corp. (NASDAQ: KTTA) Surges Upon SPRAVATO Approval
This member declared not having a position on this financial instrument or a related financial instrument.
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