NASDAQ100 INDEX - Daily - Technical analysis published on 07/13/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 12,299.10 USD
My targets
11,503.70 USD (-2.52%)
10,833.30 USD (-8.20%)
My analysis
The basic trend is very bearish on NASDAQ100 INDEX but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on NASDAQ100 INDEX. As long as you stay below the resistance 12,299.10 USD, sellers' retain the upper hand. A break in the support at 11,503.70 USD would be a signal that the basic trend will reverse. Sellers would then use the next support located at 10,833.30 USD as an objective. Crossing it would then enable sellers to target 9,718.73 USD. If the price were to depress the resistance 12,299.10 USD in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
Technical indicators are opposing the general bearish 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
3.4
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This analysis was given by ASHIQ ALI. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NASDAQ100 INDEX rating 11,801.38 USD. The price has increased by +0.48% since the last closing and was traded between 11,498.96 USD and 11,819.69 USD over the period. The price is currently at +2.63% from its lowest and -0.15% from its highest.11,498.96
11,819.69
11,801.38
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this NASDAQ100 INDEX chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 9,718.73 | 10,833.30 | 11,503.70 | 11,801.38 | 12,299.10 | 13,046.60 | 14,003.10 |
Change (%) | -17.65% | -8.20% | -2.52% | - | +4.22% | +10.55% | +18.66% |
Change | -2,082.65 | -968.08 | -297.68 | - | +497.72 | +1,245.22 | +2,201.72 |
Level | Intermediate | Minor | Major | - | Major | Minor | Minor |
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 | 11,316.11 | 11,500.06 | 11,622.53 | 11,806.48 | 11,928.95 | 12,112.90 | 12,235.37 |
Camarilla | 11,660.73 | 11,688.81 | 11,716.90 | 11,744.99 | 11,773.08 | 11,801.17 | 11,829.26 |
Woodie | 11,285.36 | 11,484.69 | 11,591.78 | 11,791.11 | 11,898.20 | 12,097.53 | 12,204.62 |
Fibonacci | 11,500.06 | 11,617.12 | 11,689.43 | 11,806.48 | 11,923.54 | 11,995.85 | 12,112.90 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 10,788.15 | 11,077.11 | 11,601.40 | 11,890.36 | 12,414.65 | 12,703.61 | 13,227.90 |
Camarilla | 11,902.05 | 11,976.59 | 12,051.14 | 12,125.69 | 12,200.24 | 12,274.79 | 12,349.33 |
Woodie | 10,905.82 | 11,135.94 | 11,719.07 | 11,949.19 | 12,532.32 | 12,762.44 | 13,345.57 |
Fibonacci | 11,077.11 | 11,387.77 | 11,579.70 | 11,890.36 | 12,201.02 | 12,392.95 | 12,703.61 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8,867.66 | 9,952.43 | 10,728.08 | 11,812.85 | 12,588.50 | 13,673.27 | 14,448.92 |
Camarilla | 10,992.11 | 11,162.64 | 11,333.18 | 11,503.72 | 11,674.26 | 11,844.80 | 12,015.34 |
Woodie | 8,713.09 | 9,875.15 | 10,573.51 | 11,735.57 | 12,433.93 | 13,595.99 | 14,294.35 |
Fibonacci | 9,952.43 | 10,663.11 | 11,102.17 | 11,812.85 | 12,523.53 | 12,962.59 | 13,673.27 |
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): | 47.42 | |
MACD (12,26,9): | -81.9400 | |
Directional Movement: | -6.86 | |
AROON (14): | 35.71 | |
DEMA (21): | 11,702.41 | |
Parabolic SAR (0,02-0,02-0,2): | 12,179.32 | |
Elder Ray (13): | -163.87 | |
Super Trend (3,10): | 12,376.80 | |
Zig ZAG (10): | 11,788.90 | |
VORTEX (21): | 0.8900 | |
Stochastique (14,3,5): | 55.36 | |
TEMA (21): | 11,844.12 | |
Williams %R (14): | -46.17 | |
Chande Momentum Oscillator (20): | -323.72 | |
Repulse (5,40,3): | 2.1000 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.1600 | |
Courbe Coppock: | 4.93 |
MA7: | 11,892.13 | |
MA20: | 11,691.72 | |
MA50: | 12,100.34 | |
MA100: | 13,077.56 | |
MAexp7: | 11,832.43 | |
MAexp20: | 11,852.46 | |
MAexp50: | 12,242.37 | |
MAexp100: | 12,929.52 | |
Price / MA7: | -0.76% | |
Price / MA20: | +0.94% | |
Price / MA50: | -2.47% | |
Price / MA100: | -9.76% | |
Price / MAexp7: | -0.26% | |
Price / MAexp20: | -0.43% | |
Price / MAexp50: | -3.60% | |
Price / MAexp100: | -8.73% |
Quotes :
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15 min delayed data
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NASDAQ US Indices
News
The last news published on NASDAQ100 INDEX at the time of the generation of this analysis was as follows:
- “The Buzz'' Show: Aditxt (NASDAQ: ADTX) Toxicity Study Psoriasis Drug Candidate ADI™-100
- “Buzz on the Street” Show: uCloudlink Group Inc. (NASDAQ: UCL) Partnership with Tuya to Drive IoT
- S&P 500 and NASDAQ 100 Forecast July 1, 2022
- “Buzz on the Street” Show: uCloudlink Group Inc. (NASDAQ: UCL) vests San Group with Data Connection
- "Behind the Buzz" Show: uCloudlink Group Inc. (NASDAQ: UCL) Corporate Overview
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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