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 - Weekly - Technical analysis published on 05/09/2022 (GMT)

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  • Timeframe : Weekly
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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:
15 min. 1H Daily

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.

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

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:

Central Indicators

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

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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


S3S2S1PriceR1R2R3
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
Standard11,602.1311,796.1411,970.4012,164.4112,338.6712,532.6812,706.94
Camarilla12,043.3912,077.1412,110.9012,144.6612,178.4212,212.1812,245.93
Woodie11,592.2611,791.2011,960.5312,159.4712,328.8012,527.7412,697.07
Fibonacci11,796.1411,936.8212,023.7312,164.4112,305.0912,392.0012,532.68


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10,766.6811,378.4111,761.5412,373.2712,756.4013,368.1313,751.26
Camarilla11,871.0711,962.2712,053.4712,144.6612,235.8612,327.0512,418.25
Woodie10,652.3711,321.2611,647.2312,316.1212,642.0913,310.9813,636.95
Fibonacci11,378.4111,758.4511,993.2412,373.2712,753.3112,988.1013,368.13


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9,370.1510,842.9511,588.7913,061.5913,807.4315,280.2316,026.07
Camarilla11,724.5111,927.8912,131.2712,334.6412,538.0212,741.3912,944.77
Woodie9,006.6810,661.2111,225.3212,879.8513,443.9615,098.4915,662.60
Fibonacci10,842.9511,690.4712,214.0713,061.5913,909.1114,432.7115,280.23

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 : - 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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