NASDAQ COMPOSITE INDEX - 1H - Technical analysis published on 06/24/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
89%
0%
11%
My opinion
Bullish above 11,035.00 USD
My targets
11,264.40 USD (+0.29%)
11,553.90 USD (+2.86%)
My analysis
The strong short-term increase of NASDAQ COMPOSITE INDEX should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 11,035.00 USD, a purchase could be considered. The first bullish objective is located at 11,264.40 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 11,553.90 USD. If there is any crossing, the next objective would be the resistance at 11,897.10 USD. Caution, if there is a return under 11,035.00 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.3
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Additional analysis
Quotes
NASDAQ COMPOSITE INDEX rating 11,232.19 USD. The price has increased by +1.62% since the last closing and was traded between 11,046.28 USD and 11,260.27 USD over the period. The price is currently at +1.68% from its lowest and -0.25% from its highest.11,046.28
11,260.27
11,232.19
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this NASDAQ COMPOSITE INDEX chart shows a neutral trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10,633.00 | 10,831.60 | 11,035.00 | 11,232.19 | 11,264.40 | 11,553.90 | 11,897.10 |
| Change (%) | -5.33% | -3.57% | -1.76% | - | +0.29% | +2.86% | +5.92% |
| Change | -599.19 | -400.59 | -197.19 | - | +32.21 | +321.71 | +664.91 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,884.90 | 10,965.59 | 11,098.89 | 11,179.58 | 11,312.88 | 11,393.57 | 11,526.87 |
| Camarilla | 11,173.34 | 11,192.96 | 11,212.57 | 11,232.19 | 11,251.81 | 11,271.42 | 11,291.04 |
| Woodie | 10,911.21 | 10,978.74 | 11,125.20 | 11,192.73 | 11,339.19 | 11,406.72 | 11,553.18 |
| Fibonacci | 10,965.59 | 11,047.33 | 11,097.84 | 11,179.58 | 11,261.32 | 11,311.83 | 11,393.57 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.76 | |
| MACD (12,26,9): | 53.5200 | |
| Directional Movement: | 9.27 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 11,163.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,046.92 | |
| Elder Ray (13): | 79.43 | |
| Super Trend (3,10): | 10,929.34 | |
| Zig ZAG (10): | 11,232.19 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 77.69 | |
| TEMA (21): | 11,223.05 | |
| Williams %R (14): | -8.71 | |
| Chande Momentum Oscillator (20): | 62.24 | |
| Repulse (5,40,3): | 1.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 1.15 |
| MA7: | 10,960.93 | |
| MA20: | 11,533.24 | |
| MA50: | 12,033.54 | |
| MA100: | 12,912.35 | |
| MAexp7: | 11,155.81 | |
| MAexp20: | 11,096.77 | |
| MAexp50: | 11,105.87 | |
| MAexp100: | 11,276.53 | |
| Price / MA7: | +2.47% | |
| Price / MA20: | -2.61% | |
| Price / MA50: | -6.66% | |
| Price / MA100: | -13.01% | |
| Price / MAexp7: | +0.68% | |
| Price / MAexp20: | +1.22% | |
| Price / MAexp50: | +1.14% | |
| Price / MAexp100: | -0.39% |
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
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