NASDAQ100 INDEX - 1H - Technical analysis published on 05/18/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
89%
0%
11%
My opinion
Bullish above 12,527.60 USD
My targets
12,722.44 USD (+1.26%)
13,046.60 USD (+3.84%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for NASDAQ100 INDEX as long as the price remains well above 12,527.60 USD. The buyers' bullish objective is set at 12,722.44 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13,046.60 USD. If there is any crossing, the next objective would be the resistance located at 13,548.10 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 12,722.44 USD. On this resistance, against the trend traders who would like to go short on NASDAQ100 INDEX with a bearish signal from their trading strategy, should not hesitate to act.
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
3.6
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This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NASDAQ100 INDEX rating 12,564.10 USD. The price registered an increase of +2.62% on the session with the lowest point at 12,333.99 USD and the highest point at 12,572.99 USD. The deviation from the price is +1.87% for the low point and -0.07% for the high point.12,333.99
12,572.99
12,564.10
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of NASDAQ100 INDEX indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 11,692.50 | 12,299.10 | 12,527.60 | 12,564.10 | 13,046.60 | 13,548.10 | 14,472.10 |
| Change (%) | -6.94% | -2.11% | -0.29% | - | +3.84% | +7.83% | +15.19% |
| Change | -871.60 | -265.00 | -36.50 | - | +482.50 | +984.00 | +1,908.00 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | 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 | 12,168.73 | 12,251.36 | 12,407.73 | 12,490.36 | 12,646.73 | 12,729.36 | 12,885.73 |
| Camarilla | 12,498.38 | 12,520.28 | 12,542.19 | 12,564.10 | 12,586.01 | 12,607.92 | 12,629.83 |
| Woodie | 12,205.60 | 12,269.80 | 12,444.60 | 12,508.80 | 12,683.60 | 12,747.80 | 12,922.60 |
| Fibonacci | 12,251.36 | 12,342.66 | 12,399.06 | 12,490.36 | 12,581.66 | 12,638.06 | 12,729.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,022.04 | 11,357.08 | 11,872.24 | 12,207.28 | 12,722.44 | 13,057.48 | 13,572.64 |
| Camarilla | 12,153.60 | 12,231.53 | 12,309.47 | 12,387.40 | 12,465.34 | 12,543.27 | 12,621.21 |
| Woodie | 11,112.10 | 11,402.11 | 11,962.30 | 12,252.31 | 12,812.50 | 13,102.51 | 13,662.70 |
| Fibonacci | 11,357.08 | 11,681.86 | 11,882.50 | 12,207.28 | 12,532.06 | 12,732.70 | 13,057.48 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,746.48 | 11,290.98 | 12,072.89 | 13,617.39 | 14,399.30 | 15,943.80 | 16,725.71 |
| Camarilla | 12,215.04 | 12,428.29 | 12,641.55 | 12,854.80 | 13,068.05 | 13,281.31 | 13,494.56 |
| Woodie | 9,365.19 | 11,100.33 | 11,691.60 | 13,426.74 | 14,018.01 | 15,753.15 | 16,344.42 |
| Fibonacci | 11,290.98 | 12,179.67 | 12,728.70 | 13,617.39 | 14,506.08 | 15,055.11 | 15,943.80 |
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): | 60.11 | |
| MACD (12,26,9): | 72.2800 | |
| Directional Movement: | 0.55 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 12,439.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,366.79 | |
| Elder Ray (13): | 132.56 | |
| Super Trend (3,10): | 12,145.05 | |
| Zig ZAG (10): | 12,564.10 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 92.56 | |
| TEMA (21): | 12,546.80 | |
| Williams %R (14): | -2.36 | |
| Chande Momentum Oscillator (20): | 353.91 | |
| Repulse (5,40,3): | 1.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 2.72 |
| MA7: | 12,234.53 | |
| MA20: | 12,891.01 | |
| MA50: | 13,724.39 | |
| MA100: | 14,325.56 | |
| MAexp7: | 12,470.95 | |
| MAexp20: | 12,364.26 | |
| MAexp50: | 12,391.97 | |
| MAexp100: | 12,662.91 | |
| Price / MA7: | +2.69% | |
| Price / MA20: | -2.54% | |
| Price / MA50: | -8.45% | |
| Price / MA100: | -12.30% | |
| Price / MAexp7: | +0.75% | |
| Price / MAexp20: | +1.62% | |
| Price / MAexp50: | +1.39% | |
| Price / MAexp100: | -0.78% |
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:
-
Nasdaq 100 Volatility Overrides Uneasy Gain, Dollar Ready for CPI-Forced Break
-
Nasdaq 100 Outlook Make or Break as Apple and Amazon Earnings Overshadow GDP
-
Nasdaq 100 Falls Back Into Bear Market, Fed Media Blackout, Earnings and GDP Ahead
-
Nasdaq 100 Breaks Lower Despite Tesla Earnings Foothold, Dollar Rebounds Ahead of PMIs
-
Dollar Retreat or Reversal from Two Year Highs and Will Tesla Save the Nasdaq 100?
This member declared not having a position on this financial instrument or a related financial instrument.
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