NASDAQ COMPOSITE INDEX - Daily - Technical analysis published on 06/14/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 11,264.40 USD
My targets
10,633.00 USD (-1.80%)
9,817.18 USD (-9.34%)
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 11,264.40 USD. The sellers' bearish objective is set at 10,633.00 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 9,817.18 USD. In case of crossing, the next objective would be the support located at 8,303.06 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 are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by ASHIQ ALI. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ COMPOSITE INDEX price is 10,828.35 USD. On the day, this instrument gained +0.18% and was between 10,733.04 USD and 10,926.81 USD. This implies that the price is at +0.89% from its lowest and at -0.90% from its highest.10,733.04
10,926.81
10,828.35
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 Daily chart of NASDAQ COMPOSITE INDEX indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 8,303.06 | 9,817.18 | 10,633.00 | 10,828.35 | 11,264.40 | 12,599.90 | 14,609.20 |
Change (%) | -23.32% | -9.34% | -1.80% | - | +4.03% | +16.36% | +34.92% |
Change | -2,525.29 | -1,011.17 | -195.35 | - | +436.05 | +1,771.55 | +3,780.85 |
Level | Intermediate | Minor | Minor | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 10,538.22 | 10,635.63 | 10,731.99 | 10,829.40 | 10,925.76 | 11,023.17 | 11,119.53 |
Camarilla | 10,775.06 | 10,792.83 | 10,810.59 | 10,828.35 | 10,846.11 | 10,863.88 | 10,881.64 |
Woodie | 10,537.70 | 10,635.37 | 10,731.47 | 10,829.14 | 10,925.24 | 11,022.91 | 11,119.01 |
Fibonacci | 10,635.63 | 10,709.65 | 10,755.38 | 10,829.40 | 10,903.42 | 10,949.15 | 11,023.17 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 10,113.26 | 10,720.77 | 11,030.39 | 11,637.90 | 11,947.52 | 12,555.03 | 12,864.65 |
Camarilla | 11,087.81 | 11,171.88 | 11,255.95 | 11,340.02 | 11,424.09 | 11,508.16 | 11,592.23 |
Woodie | 9,964.33 | 10,646.30 | 10,881.46 | 11,563.43 | 11,798.59 | 12,480.56 | 12,715.72 |
Fibonacci | 10,720.77 | 11,071.11 | 11,287.55 | 11,637.90 | 11,988.24 | 12,204.68 | 12,555.03 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 9,133.73 | 10,084.71 | 11,083.05 | 12,034.03 | 13,032.37 | 13,983.35 | 14,981.69 |
Camarilla | 11,545.33 | 11,724.02 | 11,902.70 | 12,081.39 | 12,260.08 | 12,438.77 | 12,617.45 |
Woodie | 9,157.41 | 10,096.55 | 11,106.73 | 12,045.87 | 13,056.05 | 13,995.19 | 15,005.37 |
Fibonacci | 10,084.71 | 10,829.35 | 11,289.39 | 12,034.03 | 12,778.67 | 13,238.71 | 13,983.35 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 33.54 | |
MACD (12,26,9): | -270.5500 | |
Directional Movement: | -22.65 | |
AROON (14): | -57.14 | |
DEMA (21): | 11,364.95 | |
Parabolic SAR (0,02-0,02-0,2): | 12,239.28 | |
Elder Ray (13): | -753.93 | |
Super Trend (3,10): | 11,891.68 | |
Zig ZAG (10): | 10,828.35 | |
VORTEX (21): | 0.8600 | |
Stochastique (14,3,5): | 9.46 | |
TEMA (21): | 11,379.63 | |
Williams %R (14): | -94.00 | |
Chande Momentum Oscillator (20): | -912.30 | |
Repulse (5,40,3): | -4.0800 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.2400 | |
Courbe Coppock: | 0.59 |
MA7: | 11,579.24 | |
MA20: | 11,685.61 | |
MA50: | 12,388.50 | |
MA100: | 13,071.66 | |
MAexp7: | 11,381.25 | |
MAexp20: | 11,718.88 | |
MAexp50: | 12,270.44 | |
MAexp100: | 12,951.35 | |
Price / MA7: | -6.48% | |
Price / MA20: | -7.34% | |
Price / MA50: | -12.59% | |
Price / MA100: | -17.16% | |
Price / MAexp7: | -4.86% | |
Price / MAexp20: | -7.60% | |
Price / MAexp50: | -11.75% | |
Price / MAexp100: | -16.39% |
Quotes :
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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.
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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