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NASDAQ COMPOSITE INDEX
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 - 1H - Technical analysis published on 03/04/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 13,070.70 USD
My targets
12,564.72 USD (-3.33%)
12,125.45 USD (-6.71%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NASDAQ COMPOSITE INDEX as long as the price remains well below 13,070.70 USD. The sellers” bearish objective is set at 12,564.72 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12,125.45 USD. In case of crossing, the next objective would be the support located at 12,056.40 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.5

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.

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

Additional analysis

Quotes

The NASDAQ COMPOSITE INDEX price is 12,997.75 USD. The price registered a decrease of -2.70% on the session with the lowest point at 12,995.07 USD and the highest point at 13,372.52 USD. The deviation from the price is +0.02% for the low point and -2.80% for the high point.

12,995.07
13,372.52
12,997.75

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this NASDAQ COMPOSITE INDEX chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals 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 bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 9,817.18 10,911.60 12,056.40 12,997.75 13,070.70 13,191.40 13,368.60
Change (%) -24.47% -16.05% -7.24% - +0.56% +1.49% +2.85%
Change -3,180.57 -2,086.15 -941.35 - +72.95 +193.65 +370.85
Level Major Intermediate Major - Major Minor Minor



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
Standard13,024.0813,188.0313,273.4113,437.3713,522.7513,686.7113,772.08
Camarilla13,290.2213,313.0813,335.9313,358.7913,381.6413,404.5013,427.36
Woodie12,984.7813,168.3913,234.1213,417.7313,483.4613,667.0613,732.79
Fibonacci13,188.0313,283.2813,342.1313,437.3713,532.6213,591.4613,686.71


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12,125.4512,564.7212,878.5313,317.8013,631.6114,070.8814,384.69
Camarilla12,985.2513,054.2813,123.3113,192.3513,261.3813,330.4113,399.44
Woodie12,062.7312,533.3512,815.8113,286.4313,568.8914,039.5114,321.97
Fibonacci12,564.7212,852.3913,030.1213,317.8013,605.4713,783.2014,070.88


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11,568.0512,286.0112,739.1813,457.1513,910.3114,628.2815,081.45
Camarilla12,870.2812,977.6413,084.9913,192.3513,299.7013,407.0513,514.41
Woodie11,435.6412,219.8112,606.7813,390.9513,777.9114,562.0814,949.05
Fibonacci12,286.0112,733.3913,009.7713,457.1513,904.5214,180.9114,628.28

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): 27.12
MACD (12,26,9): -90.5500
Directional Movement: -28.95
AROON (14): -92.86
DEMA (21): 13,186.40
Parabolic SAR (0,02-0,02-0,2): 13,424.37
Elder Ray (13): -188.00
Super Trend (3,10): 13,339.15
Zig ZAG (10): 12,997.75
VORTEX (21): 0.8100
Stochastique (14,3,5): 5.94
TEMA (21): 13,132.57
Williams %R (14): -99.56
Chande Momentum Oscillator (20): -496.68
Repulse (5,40,3): -1.4400
ROCnROLL: 2
TRIX (15,9): -0.0400
Courbe Coppock: 5.25
MA7: 13,331.47
MA20: 13,696.99
MA50: 13,337.83
MA100: 12,603.32
MAexp7: 13,148.18
MAexp20: 13,284.88
MAexp50: 13,404.95
MAexp100: 13,516.40
Price / MA7: -2.50%
Price / MA20: -5.11%
Price / MA50: -2.55%
Price / MA100: +3.13%
Price / MAexp7: -1.14%
Price / MAexp20: -2.16%
Price / MAexp50: -3.04%
Price / MAexp100: -3.84%

Quotes : 2021-03-03 20:59:59 - 15 min delayed data - NASDAQ US Indices

News


The latest news and videos published on NASDAQ COMPOSITE INDEX at the time of the analysis were as follows:

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

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