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 06/17/2022 (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

11%

67%

22%

My opinion

Bearish under 11,264.40 USD

My targets

10,084.71 USD (-5.27%)

9,817.18 USD (-7.79%)

My analysis

NASDAQ COMPOSITE INDEX is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 11,264.40 USD. The next support located at 10,084.71 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 9,817.18 USD. Below this support, sellers could then target 8,303.06 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.9

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

Additional analysis

Quotes

NASDAQ COMPOSITE INDEX rating 10,646.10 USD. The price registered a decrease of -4.08% on the session and was between 10,565.13 USD and 10,831.07 USD. This implies that the price is at +0.77% from its lowest and at -1.71% from its highest.

10,565.13

10,831.07

10,646.10

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:

The Central Records scanner for higher/lower results shows the following items:

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

A technical analysis in Daily of this NASDAQ COMPOSITE INDEX chart shows a sharp bearish trend. 92.86% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8,303.06	9,817.18	10,633.00	10,646.10	11,264.40	12,599.90	14,609.20
Change (%)	-22.01%	-7.79%	-0.12%	-	+5.81%	+18.35%	+37.23%
Change	-2,343.04	-828.92	-13.10	-	+618.30	+1,953.80	+3,963.10
Level	Intermediate	Minor	Intermediate	-	Minor	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	10,264.52	10,414.83	10,530.46	10,680.77	10,796.40	10,946.71	11,062.34
Camarilla	10,572.97	10,597.34	10,621.72	10,646.10	10,670.48	10,694.86	10,719.23
Woodie	10,247.19	10,406.16	10,513.13	10,672.10	10,779.07	10,938.04	11,045.01
Fibonacci	10,414.83	10,516.42	10,579.18	10,680.77	10,782.36	10,845.12	10,946.71

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	33.96
MACD (12,26,9):	-333.3800
Directional Movement:	-18.82
AROON (14):	-71.43
DEMA (21):	11,144.27
Parabolic SAR (0,02-0,02-0,2):	12,063.95
Elder Ray (13):	-692.44
Super Trend (3,10):	11,830.63
Zig ZAG (10):	10,646.10
VORTEX (21):	0.7900
Stochastique (14,3,5):	11.23
TEMA (21):	11,095.51
Williams %R (14):	-95.39
Chande Momentum Oscillator (20):	-1,435.29
Repulse (5,40,3):	-2.5900
ROCnROLL:	2
TRIX (15,9):	-0.2800
Courbe Coppock:	7.18

MA7:	11,223.33
MA20:	11,602.74
MA50:	12,248.67
MA100:	13,012.87
MAexp7:	11,144.57
MAexp20:	11,563.31
MAexp50:	12,162.61
MAexp100:	12,869.51
Price / MA7:	-5.14%
Price / MA20:	-8.24%
Price / MA50:	-13.08%
Price / MA100:	-18.19%
Price / MAexp7:	-4.47%
Price / MAexp20:	-7.93%
Price / MAexp50:	-12.47%
Price / MAexp100:	-17.28%

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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