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NASDAQ100 INDEX
NASDAQ100 INDEX
- USD (-)
- 15 min delayed data - NASDAQ US Indices
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Indices
Ticker: NDX
ISIN:

NASDAQ100 INDEX - 1H - Technical analysis published on 08/08/2019 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 7,660.18 USD
My targets
7,541.74 USD (-0.13%)
7,316.16 USD (-3.12%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 7,660.18 USD remains possible. It is advisable to trade NASDAQ100 Index with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 7,660.18 USD. The next bearish objective for sellers is set at 7,541.74 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7,316.16 USD. In case of crossing, the next objective would be the support located at 6,984.12 USD. PS: if there is a bullish break in the resistance located at 7,660.18 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NASDAQ100 Index rating is 7,551.90 USD. The price registered an increase of +0.41% on the session and was between 7,386.39 USD and 7,569.90 USD. This implies that the price is at +2.24% from its lowest and at -0.24% from its highest.

7,386.39
7,569.90
7,551.90

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of NASDAQ100 Index indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Three white soldiers

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 6,984.12 7,316.16 7,541.74 7,551.90 7,660.18 7,750.86 7,843.01
Change (%) -7.52% -3.12% -0.13% - +1.43% +2.63% +3.85%
Change -567.78 -235.74 -10.16 - +108.28 +198.96 +291.11
Level Intermediate Intermediate Minor - Major Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7,345.747,389.037,455.177,498.467,564.617,607.897,674.04
Camarilla7,491.237,501.267,511.297,521.327,531.357,541.387,551.42
Woodie7,357.187,394.747,466.617,504.177,576.047,613.607,685.47
Fibonacci7,389.037,430.837,456.657,498.467,540.267,566.097,607.89


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7,190.427,417.807,555.307,782.687,920.188,147.558,285.05
Camarilla7,592.467,625.917,659.357,692.807,726.257,759.707,793.14
Woodie7,145.497,395.337,510.367,760.217,875.248,125.088,240.12
Fibonacci7,417.807,557.187,643.297,782.687,922.068,008.178,147.55


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7,422.407,579.037,713.917,870.548,005.428,162.058,296.93
Camarilla7,768.627,795.347,822.067,848.787,875.507,902.227,928.95
Woodie7,411.527,573.597,703.037,865.107,994.538,156.618,286.04
Fibonacci7,579.037,690.397,759.197,870.547,981.908,050.708,162.05

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 48.94
MACD (12,26,9): -44.4400
Directional Movement: -3.74
AROON (14): 100.00
DEMA (21): 7,457.24
Parabolic SAR (0,02-0,02-0,2): 7,419.08
Elder Ray (13): 35.63
Super Trend (3,10): 7,575.80
Zig ZAG (10): 7,551.90
VORTEX (21): 0.9500
Stochastique (14,3,5): 92.78
TEMA (21): 7,490.15
Williams %R (14): -9.81
Chande Momentum Oscillator (20): 66.48
Repulse (5,40,3): 0.9500
ROCnROLL: -1
TRIX (15,9): -0.1400
Courbe Coppock: 1.66
MA7: 7,683.44
MA20: 7,847.61
MA50: 7,668.57
MA100: 7,608.43
MAexp7: 7,519.66
MAexp20: 7,532.35
MAexp50: 7,652.57
MAexp100: 7,747.66
Price / MA7: -1.71%
Price / MA20: -3.77%
Price / MA50: -1.52%
Price / MA100: -0.74%
Price / MAexp7: +0.43%
Price / MAexp20: +0.26%
Price / MAexp50: -1.32%
Price / MAexp100: -2.53%

News


The last news published on NASDAQ100 Index at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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