NASDAQ COMPOSITE INDEX

- USD (-)

- 15 min delayed data - NASDAQ US Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	COMP
ISIN:	XC0009694271

NASDAQ COMPOSITE INDEX - Daily - Technical analysis published on 06/30/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

33%

22%

44%

My opinion

Bullish above 9,817.18 USD

My targets

10,131.40 USD (+1.85%)

My analysis

NASDAQ COMPOSITE INDEX is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 9,817.18 USD. The next resistance located at 10,131.40 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

6.4

Comment on the analysis

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.

This analysis was given by christos. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NASDAQ COMPOSITE INDEX rating is 9,947.49 USD. The price registered an increase of +0.74% on the session with the lowest point at 9,863.67 USD and the highest point at 9,957.38 USD. The deviation from the price is +0.85% for the low point and -0.10% for the high point.

9,863.67

9,957.38

9,947.49

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of NASDAQ COMPOSITE INDEX indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 8 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	8,330.21	9,141.64	9,817.18	9,947.49	10,131.40
Change (%)	-16.26%	-8.10%	-1.31%	-	+1.85%
Change	-1,617.28	-805.85	-130.31	-	+183.91
Level	Major	Intermediate	Major	-	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9,521.49	9,592.55	9,733.35	9,804.41	9,945.21	10,016.27	10,157.07
Camarilla	9,815.89	9,835.31	9,854.73	9,874.15	9,893.57	9,912.99	9,932.41
Woodie	9,556.37	9,609.99	9,768.22	9,821.85	9,980.08	10,033.70	10,191.94
Fibonacci	9,592.55	9,673.48	9,723.48	9,804.41	9,885.34	9,935.34	10,016.27

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9,124.13	9,436.60	9,596.91	9,909.38	10,069.69	10,382.16	10,542.47
Camarilla	9,627.20	9,670.54	9,713.88	9,757.22	9,800.56	9,843.90	9,887.23
Woodie	9,048.05	9,398.56	9,520.83	9,871.34	9,993.61	10,344.12	10,466.39
Fibonacci	9,436.60	9,617.20	9,728.77	9,909.38	10,089.98	10,201.56	10,382.16

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7,858.10	8,197.97	8,843.92	9,183.78	9,829.73	10,169.60	10,815.55
Camarilla	9,218.77	9,309.14	9,399.51	9,489.87	9,580.24	9,670.61	9,760.97
Woodie	8,011.15	8,274.49	8,996.96	9,260.30	9,982.78	10,246.12	10,968.60
Fibonacci	8,197.97	8,574.55	8,807.20	9,183.78	9,560.36	9,793.02	10,169.60

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):	57.61
MACD (12,26,9):	169.6900
Directional Movement:	-0.30
AROON (14):	42.86
DEMA (21):	10,055.39
Parabolic SAR (0,02-0,02-0,2):	10,210.68
Elder Ray (13):	29.69
Super Trend (3,10):	10,249.69
Zig ZAG (10):	9,938.79
VORTEX (21):	1.0600
Stochastique (14,3,5):	55.24
TEMA (21):	9,996.64
Williams %R (14):	-34.43
Chande Momentum Oscillator (20):	350.66
Repulse (5,40,3):	1.0400
ROCnROLL:	1
TRIX (15,9):	0.3200
Courbe Coppock:	3.29

MA7:	9,955.14
MA20:	9,860.48
MA50:	9,350.22
MA100:	8,847.45
MAexp7:	9,913.40
MAexp20:	9,801.70
MAexp50:	9,416.95
MAexp100:	9,087.23
Price / MA7:	-0.08%
Price / MA20:	+0.88%
Price / MA50:	+6.39%
Price / MA100:	+12.43%
Price / MAexp7:	+0.35%
Price / MAexp20:	+1.49%
Price / MAexp50:	+5.64%
Price / MAexp100:	+9.47%

Quotes : 2020-06-30 14:48:27 - 15 min delayed data - NASDAQ US Indices

News

Don"t forget to follow the news on NASDAQ COMPOSITE INDEX. At the time of publication of this analysis, the latest news was as follows:

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

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