NASDAQ COMPOSITE INDEX - Weekly - Technical analysis published on 05/09/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 12,599.90 USD
My targets
10,842.95 USD (-7.26%)
9,817.18 USD (-16.04%)
My analysis
In the short term, we can see an acceleration in the bearish trend on NASDAQ COMPOSITE INDEX, which is a positive signal for sellers. As long as the price remains above 12,599.90 USD, a sale could be considered. The first bearish objective is located at 10,842.95 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 9,817.18 USD as an objective. Crossing it would then enable sellers to target 8,137.32 USD. If the price were to return above 12,599.90 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5
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This analysis was given by stein82. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NASDAQ COMPOSITE INDEX rating 11,692.22 USD. Over 5 days, this instrument lost -6.73% with the lowest point at 11,990.10 USD and the highest point at 12,787.50 USD. The deviation from the price is -2.48% for the low point and -8.57% for the high point.11,990.10
12,787.50
11,692.22
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
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:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Weekly chart of NASDAQ COMPOSITE INDEX indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Weekly
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
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.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 6,860.67 | 8,137.32 | 9,817.18 | 11,692.22 | 12,599.90 | 14,257.70 | 16,057.40 |
Change (%) | -41.32% | -30.40% | -16.04% | - | +7.76% | +21.94% | +37.33% |
Change | -4,831.55 | -3,554.90 | -1,875.04 | - | +907.68 | +2,565.48 | +4,365.18 |
Level | Major | Intermediate | Minor | - | Intermediate | Major | 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 | 11,602.13 | 11,796.14 | 11,970.40 | 12,164.41 | 12,338.67 | 12,532.68 | 12,706.94 |
Camarilla | 12,043.39 | 12,077.14 | 12,110.90 | 12,144.66 | 12,178.42 | 12,212.18 | 12,245.93 |
Woodie | 11,592.26 | 11,791.20 | 11,960.53 | 12,159.47 | 12,328.80 | 12,527.74 | 12,697.07 |
Fibonacci | 11,796.14 | 11,936.82 | 12,023.73 | 12,164.41 | 12,305.09 | 12,392.00 | 12,532.68 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 10,766.68 | 11,378.41 | 11,761.54 | 12,373.27 | 12,756.40 | 13,368.13 | 13,751.26 |
Camarilla | 11,871.07 | 11,962.27 | 12,053.47 | 12,144.66 | 12,235.86 | 12,327.05 | 12,418.25 |
Woodie | 10,652.37 | 11,321.26 | 11,647.23 | 12,316.12 | 12,642.09 | 13,310.98 | 13,636.95 |
Fibonacci | 11,378.41 | 11,758.45 | 11,993.24 | 12,373.27 | 12,753.31 | 12,988.10 | 13,368.13 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 9,370.15 | 10,842.95 | 11,588.79 | 13,061.59 | 13,807.43 | 15,280.23 | 16,026.07 |
Camarilla | 11,724.51 | 11,927.89 | 12,131.27 | 12,334.64 | 12,538.02 | 12,741.39 | 12,944.77 |
Woodie | 9,006.68 | 10,661.21 | 11,225.32 | 12,879.85 | 13,443.96 | 15,098.49 | 15,662.60 |
Fibonacci | 10,842.95 | 11,690.47 | 12,214.07 | 13,061.59 | 13,909.11 | 14,432.71 | 15,280.23 |
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): | 29.52 | |
MACD (12,26,9): | -623.4000 | |
Directional Movement: | -25.72 | |
AROON (14): | -42.86 | |
DEMA (21): | 12,767.40 | |
Parabolic SAR (0,02-0,02-0,2): | 14,495.87 | |
Elder Ray (13): | -1,293.16 | |
Super Trend (3,10): | 14,012.23 | |
Zig ZAG (10): | 11,710.86 | |
VORTEX (21): | 0.7800 | |
Stochastique (14,3,5): | 2.55 | |
TEMA (21): | 12,216.36 | |
Williams %R (14): | -98.91 | |
Chande Momentum Oscillator (20): | -1,854.10 | |
Repulse (5,40,3): | -11.5700 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.4300 | |
Courbe Coppock: | 21.02 |
MA7: | 12,361.25 | |
MA20: | 12,879.18 | |
MA50: | 13,383.25 | |
MA100: | 13,963.33 | |
MAexp7: | 12,628.81 | |
MAexp20: | 13,478.63 | |
MAexp50: | 13,825.58 | |
MAexp100: | 13,048.27 | |
Price / MA7: | -5.41% | |
Price / MA20: | -9.22% | |
Price / MA50: | -12.64% | |
Price / MA100: | -16.26% | |
Price / MAexp7: | -7.42% | |
Price / MAexp20: | -13.25% | |
Price / MAexp50: | -15.43% | |
Price / MAexp100: | -10.39% |
Quotes :
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15 min delayed data
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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:
- 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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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