NASDAQ COMPOSITE INDEX - Daily - Technical analysis published on 06/20/2022 (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
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
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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
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 10,417.15 | 10,527.94 | 10,663.14 | 10,773.93 | 10,909.13 | 11,019.92 | 11,155.12 |
Camarilla | 10,730.70 | 10,753.25 | 10,775.80 | 10,798.35 | 10,820.90 | 10,843.45 | 10,866.00 |
Woodie | 10,429.37 | 10,534.04 | 10,675.36 | 10,780.03 | 10,921.35 | 11,026.02 | 11,167.34 |
Fibonacci | 10,527.94 | 10,621.91 | 10,679.96 | 10,773.93 | 10,867.90 | 10,925.95 | 11,019.92 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 9,815.10 | 10,190.12 | 10,494.23 | 10,869.25 | 11,173.36 | 11,548.38 | 11,852.49 |
Camarilla | 10,611.59 | 10,673.84 | 10,736.10 | 10,798.35 | 10,860.60 | 10,922.86 | 10,985.11 |
Woodie | 9,779.66 | 10,172.39 | 10,458.79 | 10,851.52 | 11,137.92 | 11,530.65 | 11,817.05 |
Fibonacci | 10,190.12 | 10,449.54 | 10,609.82 | 10,869.25 | 11,128.67 | 11,288.95 | 11,548.38 |
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): | 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 :
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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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