NASDAQ100 INDEX - Daily - Technical analysis published on 01/07/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
6%
61%
33%
My opinion
Bearish under 15,985.60 USD
My targets
15,046.89 USD (-3.69%)
14,472.10 USD (-7.37%)
My analysis
The strong short-term decline of NASDAQ100 INDEX reinforces the current slightly bearish trend. As long as the price remains below 15,985.60 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 15,046.89 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 14,472.10 USD as an objective. Crossing it would then enable sellers to target 14,038.80 USD. A return to above 15,985.60 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
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
4.3
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This analysis was given by Clay707. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ100 INDEX rating is 15,622.78 USD. On the day, this instrument lost -0.90% and was between 15,526.80 USD and 15,835.00 USD. This implies that the price is at +0.62% from its lowest and at -1.34% from its highest.15,526.80
15,835.00
15,622.78
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NASDAQ100 INDEX in Daily shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 13,001.60 | 14,038.80 | 14,472.10 | 15,622.78 | 15,651.70 | 15,985.60 | 16,573.30 |
Change (%) | -16.78% | -10.14% | -7.37% | - | +0.19% | +2.32% | +6.08% |
Change | -2,621.18 | -1,583.98 | -1,150.68 | - | +28.92 | +362.82 | +950.52 |
Level | Minor | Minor | Major | - | Major | Minor | Major |
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 | 15,323.72 | 15,466.15 | 15,615.75 | 15,758.18 | 15,907.78 | 16,050.21 | 16,199.81 |
Camarilla | 15,685.05 | 15,711.82 | 15,738.59 | 15,765.36 | 15,792.13 | 15,818.90 | 15,845.67 |
Woodie | 15,327.32 | 15,467.94 | 15,619.35 | 15,759.97 | 15,911.38 | 16,052.00 | 16,203.41 |
Fibonacci | 15,466.15 | 15,577.70 | 15,646.62 | 15,758.18 | 15,869.73 | 15,938.65 | 16,050.21 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 15,932.57 | 16,124.91 | 16,222.50 | 16,414.84 | 16,512.43 | 16,704.77 | 16,802.36 |
Camarilla | 16,240.35 | 16,266.93 | 16,293.50 | 16,320.08 | 16,346.66 | 16,373.23 | 16,399.81 |
Woodie | 15,885.19 | 16,101.22 | 16,175.12 | 16,391.15 | 16,465.05 | 16,681.08 | 16,754.98 |
Fibonacci | 16,124.91 | 16,235.67 | 16,304.09 | 16,414.84 | 16,525.60 | 16,594.02 | 16,704.77 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 14,585.03 | 15,046.89 | 15,683.48 | 16,145.34 | 16,781.93 | 17,243.79 | 17,880.38 |
Camarilla | 16,018.01 | 16,118.70 | 16,219.39 | 16,320.08 | 16,420.77 | 16,521.46 | 16,622.15 |
Woodie | 14,672.41 | 15,090.57 | 15,770.86 | 16,189.02 | 16,869.31 | 17,287.47 | 17,967.76 |
Fibonacci | 15,046.89 | 15,466.50 | 15,725.73 | 16,145.34 | 16,564.95 | 16,824.18 | 17,243.79 |
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): | 40.46 | |
MACD (12,26,9): | -32.2300 | |
Directional Movement: | -10.98 | |
AROON (14): | 35.72 | |
DEMA (21): | 16,102.89 | |
Parabolic SAR (0,02-0,02-0,2): | 16,551.05 | |
Elder Ray (13): | -404.12 | |
Super Trend (3,10): | 16,549.16 | |
Zig ZAG (10): | 15,648.58 | |
VORTEX (21): | 0.8600 | |
Stochastique (14,3,5): | 19.88 | |
TEMA (21): | 15,993.42 | |
Williams %R (14): | -87.80 | |
Chande Momentum Oscillator (20): | -349.76 | |
Repulse (5,40,3): | -2.7100 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0300 | |
Courbe Coppock: | 0.65 |
MA7: | 16,099.05 | |
MA20: | 16,132.85 | |
MA50: | 16,151.29 | |
MA100: | 15,683.94 | |
MAexp7: | 15,980.92 | |
MAexp20: | 16,112.82 | |
MAexp50: | 16,005.66 | |
MAexp100: | 15,672.14 | |
Price / MA7: | -2.96% | |
Price / MA20: | -3.16% | |
Price / MA50: | -3.27% | |
Price / MA100: | -0.39% | |
Price / MAexp7: | -2.24% | |
Price / MAexp20: | -3.04% | |
Price / MAexp50: | -2.39% | |
Price / MAexp100: | -0.31% |
Quotes :
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15 min delayed data
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NASDAQ US Indices
News
The latest news and videos published on NASDAQ100 INDEX at the time of the analysis were as follows:
- Nasdaq and Dollar Break Potential Through Friday NFPs
- S&P 500 and NASDAQ 100 Forecast January 7, 2022
- S&P 500 and NASDAQ 100 Forecast January 6, 2022
- S&P 500 and NASDAQ 100 Forecast January 5, 2022
- S&P 500 and NASDAQ 100 Forecast January 4, 2022
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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