NASDAQ100 INDEX - 1H - Technical analysis published on 11/20/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 15,841.35 USD
My targets
16,215.70 USD (+1.80%)
16,573.30 USD (+4.04%)
My analysis
The bullish trend is currently very strong on NASDAQ100 INDEX. As long as the price remains above the support at 15,841.35 USD, you could try to benefit from the boom. The first bullish objective is located at 16,215.70 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 16,573.30 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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Additional analysis
Quotes
NASDAQ100 INDEX rating 15,929.72 USD. The price registered an increase of +0.58% on the session and was traded between 15,844.83 USD and 15,932.74 USD over the period. The price is currently at +0.54% from its lowest and -0.02% from its highest.15,844.83
15,932.74
15,929.72
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
Here is a more detailed summary of the historical variations registered by NASDAQ100 INDEX:
Technical
A technical analysis in 1H of this NASDAQ100 INDEX chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 14,938.10 | 15,239.62 | 15,841.35 | 15,929.72 | 16,573.30 |
Change (%) | -6.22% | -4.33% | -0.55% | - | +4.04% |
Change | -991.62 | -690.10 | -88.37 | - | +643.58 |
Level | Intermediate | Intermediate | Major | - | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 15,667.73 | 15,717.34 | 15,777.66 | 15,827.27 | 15,887.59 | 15,937.20 | 15,997.52 |
Camarilla | 15,807.76 | 15,817.84 | 15,827.91 | 15,837.99 | 15,848.07 | 15,858.14 | 15,868.22 |
Woodie | 15,673.10 | 15,720.02 | 15,783.03 | 15,829.95 | 15,892.96 | 15,939.88 | 16,002.89 |
Fibonacci | 15,717.34 | 15,759.33 | 15,785.27 | 15,827.27 | 15,869.26 | 15,895.20 | 15,937.20 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 15,027.00 | 15,215.86 | 15,526.92 | 15,715.78 | 16,026.84 | 16,215.70 | 16,526.76 |
Camarilla | 15,700.51 | 15,746.34 | 15,792.16 | 15,837.99 | 15,883.82 | 15,929.64 | 15,975.47 |
Woodie | 15,088.11 | 15,246.41 | 15,588.03 | 15,746.33 | 16,087.95 | 16,246.25 | 16,587.87 |
Fibonacci | 15,215.86 | 15,406.83 | 15,524.81 | 15,715.78 | 15,906.75 | 16,024.73 | 16,215.70 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 12,591.76 | 13,325.05 | 13,867.41 | 14,600.70 | 15,143.06 | 15,876.35 | 16,418.71 |
Camarilla | 14,058.98 | 14,175.91 | 14,292.85 | 14,409.78 | 14,526.72 | 14,643.65 | 14,760.58 |
Woodie | 12,496.31 | 13,277.32 | 13,771.96 | 14,552.97 | 15,047.61 | 15,828.62 | 16,323.26 |
Fibonacci | 13,325.05 | 13,812.35 | 14,113.40 | 14,600.70 | 15,088.00 | 15,389.05 | 15,876.35 |
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): | 68.07 | |
MACD (12,26,9): | 54.9300 | |
Directional Movement: | 15.03 | |
AROON (14): | 85.71 | |
DEMA (21): | 15,890.59 | |
Parabolic SAR (0,02-0,02-0,2): | 15,767.02 | |
Elder Ray (13): | 50.35 | |
Super Trend (3,10): | 15,720.90 | |
Zig ZAG (10): | 15,897.21 | |
VORTEX (21): | 0.9900 | |
Stochastique (14,3,5): | 81.63 | |
TEMA (21): | 15,858.38 | |
Williams %R (14): | -8.27 | |
Chande Momentum Oscillator (20): | 130.39 | |
Repulse (5,40,3): | 0.5500 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0600 | |
Courbe Coppock: | 0.30 |
MA7: | 15,747.74 | |
MA20: | 15,100.88 | |
MA50: | 15,001.06 | |
MA100: | 15,148.37 | |
MAexp7: | 15,854.35 | |
MAexp20: | 15,809.15 | |
MAexp50: | 15,642.56 | |
MAexp100: | 15,392.51 | |
Price / MA7: | +1.16% | |
Price / MA20: | +5.49% | |
Price / MA50: | +6.19% | |
Price / MA100: | +5.16% | |
Price / MAexp7: | +0.48% | |
Price / MAexp20: | +0.76% | |
Price / MAexp50: | +1.84% | |
Price / MAexp100: | +3.49% |
Quotes :
-
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:
- NASDAQ 100 Forecast November 15, 2023
- NASDAQ 100 Forecast November 10, 2023
- NASDAQ 100 Forecast November 8, 2023
- Trade of the Week: long Nasdaq 100
- NASDAQ 100 Forecast October 26, 2023
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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