NASDAQ COMPOSITE INDEX - 15 min. - Technical analysis published on 07/23/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 10,607.24 USD
My targets
10,723.59 USD (+0.16%)
10,796.71 USD (+0.85%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NASDAQ COMPOSITE INDEX as long as the price remains well above 10,607.24 USD. The buyers” bullish objective is set at 10,723.59 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10,796.71 USD. If there is any crossing, the next objective would be the resistance located at 10,913.05 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1
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This analysis was given by petermylez. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NASDAQ COMPOSITE INDEX rating 10,706.13 USD. On the day, this instrument gained +0.24% with the lowest point at 10,627.45 USD and the highest point at 10,745.32 USD. The deviation from the price is +0.74% for the low point and -0.36% for the high point.10,627.45
10,745.32
10,706.13
A study of price movements over other periods shows the following variations:
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 15 min. chart of NASDAQ COMPOSITE INDEX indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 9,817.18 | 10,367.90 | 10,617.40 | 10,706.13 | 10,832.30 |
| Change (%) | -8.30% | -3.16% | -0.83% | - | +1.18% |
| Change | -888.95 | -338.23 | -88.73 | - | +126.17 |
| Level | Major | Major | Minor | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,417.78 | 10,534.12 | 10,607.24 | 10,723.59 | 10,796.71 | 10,913.05 | 10,986.17 |
| Camarilla | 10,628.26 | 10,645.63 | 10,663.00 | 10,680.36 | 10,697.73 | 10,715.10 | 10,732.47 |
| Woodie | 10,396.17 | 10,523.32 | 10,585.63 | 10,712.78 | 10,775.10 | 10,902.24 | 10,964.56 |
| Fibonacci | 10,534.12 | 10,606.50 | 10,651.21 | 10,723.59 | 10,795.96 | 10,840.67 | 10,913.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,539.85 | 9,861.16 | 10,182.17 | 10,503.48 | 10,824.50 | 11,145.80 | 11,466.82 |
| Camarilla | 10,326.55 | 10,385.43 | 10,444.31 | 10,503.19 | 10,562.07 | 10,620.95 | 10,679.83 |
| Woodie | 9,539.70 | 9,861.08 | 10,182.03 | 10,503.41 | 10,824.35 | 11,145.73 | 11,466.68 |
| Fibonacci | 9,861.16 | 10,106.52 | 10,258.11 | 10,503.48 | 10,748.85 | 10,900.44 | 11,145.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,748.47 | 9,075.73 | 9,567.27 | 9,894.53 | 10,386.07 | 10,713.33 | 11,204.87 |
| Camarilla | 9,833.63 | 9,908.69 | 9,983.74 | 10,058.80 | 10,133.86 | 10,208.91 | 10,283.97 |
| Woodie | 8,830.60 | 9,116.80 | 9,649.40 | 9,935.60 | 10,468.20 | 10,754.40 | 11,287.00 |
| Fibonacci | 9,075.73 | 9,388.52 | 9,581.75 | 9,894.53 | 10,207.32 | 10,400.55 | 10,713.33 |
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): | 55.42 | |
| MACD (12,26,9): | -3.6200 | |
| Directional Movement: | 3.97 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 10,675.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,634.29 | |
| Elder Ray (13): | 24.89 | |
| Super Trend (3,10): | 10,721.58 | |
| Zig ZAG (10): | 10,706.13 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 70.81 | |
| TEMA (21): | 10,676.58 | |
| Williams %R (14): | -15.27 | |
| Chande Momentum Oscillator (20): | 22.87 | |
| Repulse (5,40,3): | 0.2200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.08 |
| MA7: | 10,595.67 | |
| MA20: | 10,348.72 | |
| MA50: | 9,873.56 | |
| MA100: | 9,010.80 | |
| MAexp7: | 10,685.25 | |
| MAexp20: | 10,682.86 | |
| MAexp50: | 10,683.45 | |
| MAexp100: | 10,651.54 | |
| Price / MA7: | +1.04% | |
| Price / MA20: | +3.45% | |
| Price / MA50: | +8.43% | |
| Price / MA100: | +18.81% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.51% |
Quotes :
2020-07-22 19:59:59
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15 min delayed data
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NASDAQ US Indices
News
The latest news and videos published on NASDAQ COMPOSITE INDEX at the time of the analysis were as follows:
-
Nasdaq Composite officially entered bear market
-
Nasdaq Composite Courts Bear Market Territory
-
S&P 500 And Nasdaq Composite Close To Record Highs
-
Biotech Boosts S&P 500 And Nasdaq Composite
-
Nasdaq Composite Hits Record High
This member declared not having a position on this financial instrument or a related financial instrument.
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