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 - Daily - Technical analysis published on 06/20/2022 (GMT)

  • 160
  • 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
  • Timeframe : Daily
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 11,264.40 USD
My targets
10,633.00 USD (-1.53%)
9,817.18 USD (-9.09%)
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 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
7.7

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:
15 min. 1H Weekly

Additional analysis

Quotes

NASDAQ COMPOSITE INDEX rating 10,798.35 USD. The price registered an increase of +1.43% on the session with the lowest point at 10,638.72 USD and the highest point at 10,884.71 USD. The deviation from the price is +1.50% for the low point and -0.79% for the high point.

10,638.72
10,884.71
10,798.35

Here is a more detailed summary of the historical variations registered by NASDAQ COMPOSITE INDEX:

Technical


Technical analysis of this Daily chart of NASDAQ COMPOSITE INDEX indicates that the overall trend is strongly bearish. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further decline is moderate given the direction of the technical indicators.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8,303.06 9,817.18 10,633.00 10,798.35 11,264.40 12,599.90 14,609.20
Change (%) -23.11% -9.09% -1.53% - +4.32% +16.68% +35.29%
Change -2,495.29 -981.17 -165.35 - +466.05 +1,801.55 +3,810.85
Level Intermediate Minor Major - Intermediate Intermediate 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
Standard10,417.1510,527.9410,663.1410,773.9310,909.1311,019.9211,155.12
Camarilla10,730.7010,753.2510,775.8010,798.3510,820.9010,843.4510,866.00
Woodie10,429.3710,534.0410,675.3610,780.0310,921.3511,026.0211,167.34
Fibonacci10,527.9410,621.9110,679.9610,773.9310,867.9010,925.9511,019.92


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9,815.1010,190.1210,494.2310,869.2511,173.3611,548.3811,852.49
Camarilla10,611.5910,673.8410,736.1010,798.3510,860.6010,922.8610,985.11
Woodie9,779.6610,172.3910,458.7910,851.5211,137.9211,530.6511,817.05
Fibonacci10,190.1210,449.5410,609.8210,869.2511,128.6711,288.9511,548.38


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9,133.7310,084.7111,083.0512,034.0313,032.3713,983.3514,981.69
Camarilla11,545.3311,724.0211,902.7012,081.3912,260.0812,438.7712,617.45
Woodie9,157.4110,096.5511,106.7312,045.8713,056.0513,995.1915,005.37
Fibonacci10,084.7110,829.3511,289.3912,034.0312,778.6713,238.7113,983.35

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): 36.85
MACD (12,26,9): -353.5000
Directional Movement: -16.87
AROON (14): -71.43
DEMA (21): 11,047.77
Parabolic SAR (0,02-0,02-0,2): 11,944.05
Elder Ray (13): -544.22
Super Trend (3,10): 11,830.63
Zig ZAG (10): 10,798.35
VORTEX (21): 0.8600
Stochastique (14,3,5): 13.66
TEMA (21): 10,980.77
Williams %R (14): -86.71
Chande Momentum Oscillator (20): -1,196.11
Repulse (5,40,3): -0.6500
ROCnROLL: 2
TRIX (15,9): -0.3000
Courbe Coppock: 11.09
MA7: 11,039.35
MA20: 11,573.23
MA50: 12,186.86
MA100: 12,985.46
MAexp7: 11,058.02
MAexp20: 11,490.46
MAexp50: 12,109.11
MAexp100: 12,828.32
Price / MA7: -2.18%
Price / MA20: -6.70%
Price / MA50: -11.39%
Price / MA100: -16.84%
Price / MAexp7: -2.35%
Price / MAexp20: -6.02%
Price / MAexp50: -10.82%
Price / MAexp100: -15.82%

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.

About author

Online

Overall rating :
15090
Number of analyses :
Followers :
0
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…

Add a comment

no pic

Comments

0 comments on the analysis NASDAQ COMPOSITE INDEX - Daily