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 12/24/2020 (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

50%

44%

My opinion

Bullish above 12,056.40 USD

My targets

13,171.77 USD (+3.14%)

14,098.93 USD (+10.40%)

My analysis

The bullish trend is currently very strong on NASDAQ COMPOSITE INDEX. As long as the price remains above the support at 12,056.40 USD, you could try to benefit from the boom. The first bullish objective is located at 13,171.77 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 14,098.93 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.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.5

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 GoliathFox. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NASDAQ COMPOSITE INDEX price is 12,771.11 USD. On the day, this instrument lost -0.29% and was between 12,758.67 USD and 12,841.92 USD. This implies that the price is at +0.10% from its lowest and at -0.55% from its highest.

12,758.67

12,841.92

12,771.11

Here is a more detailed summary of the historical variations registered by NASDAQ COMPOSITE INDEX:

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

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

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. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	9,817.18	10,911.60	12,056.40	12,771.11
Change (%)	-23.13%	-14.56%	-5.60%	-
Change	-2,953.93	-1,859.51	-714.71	-
Level	Major	Intermediate	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	12,576.70	12,636.01	12,721.96	12,781.27	12,867.22	12,926.53	13,012.48
Camarilla	12,767.97	12,781.29	12,794.60	12,807.92	12,821.23	12,834.55	12,847.86
Woodie	12,590.03	12,642.67	12,735.29	12,787.93	12,880.55	12,933.19	13,025.81
Fibonacci	12,636.01	12,691.50	12,725.78	12,781.27	12,836.76	12,871.04	12,926.53

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12,145.46	12,289.08	12,522.36	12,665.98	12,899.26	13,042.88	13,276.16
Camarilla	12,651.99	12,686.54	12,721.09	12,755.64	12,790.19	12,824.74	12,859.29
Woodie	12,190.29	12,311.50	12,567.19	12,688.39	12,944.09	13,065.29	13,320.99
Fibonacci	12,289.08	12,433.06	12,522.00	12,665.98	12,809.96	12,898.90	13,042.88

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9,857.83	10,344.37	11,271.53	11,758.07	12,685.23	13,171.77	14,098.93
Camarilla	11,809.93	11,939.52	12,069.11	12,198.70	12,328.29	12,457.88	12,587.47
Woodie	10,078.15	10,454.53	11,491.85	11,868.23	12,905.55	13,281.93	14,319.25
Fibonacci	10,344.37	10,884.40	11,218.03	11,758.07	12,298.10	12,631.73	13,171.77

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):	69.34
MACD (12,26,9):	240.6500
Directional Movement:	14.21
AROON (14):	64.29
DEMA (21):	12,796.81
Parabolic SAR (0,02-0,02-0,2):	12,403.46
Elder Ray (13):	200.08
Super Trend (3,10):	12,331.65
Zig ZAG (10):	12,771.11
VORTEX (21):	1.2100
Stochastique (14,3,5):	90.74
TEMA (21):	12,844.81
Williams %R (14):	-11.29
Chande Momentum Oscillator (20):	251.21
Repulse (5,40,3):	0.8300
ROCnROLL:	1
TRIX (15,9):	0.2900
Courbe Coppock:	6.41

MA7:	12,727.88
MA20:	12,490.27
MA50:	11,955.53
MA100:	11,581.89
MAexp7:	12,708.11
MAexp20:	12,476.02
MAexp50:	12,062.13
MAexp100:	11,556.62
Price / MA7:	+0.34%
Price / MA20:	+2.25%
Price / MA50:	+6.82%
Price / MA100:	+10.27%
Price / MAexp7:	+0.50%
Price / MAexp20:	+2.37%
Price / MAexp50:	+5.88%
Price / MAexp100:	+10.51%

Quotes : 2020-12-23 20:59:59 - 15 min delayed data - NASDAQ US Indices

News

The last news published on NASDAQ COMPOSITE 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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