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 - 15 min. - Technical analysis published on 06/24/2022 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 11,393.57 USD
My targets
11,553.90 USD (+0.22%)
11,897.10 USD (+3.20%)
My analysis
The bullish trend is currently very strong on NASDAQ COMPOSITE INDEX. As long as the price remains above the support at 11,393.57 USD, you could try to benefit from the boom. The first bullish objective is located at 11,553.90 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11,897.10 USD as an objective. Crossing it would then enable buyers to target 12,238.60 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9

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 dobditdotcom. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The NASDAQ COMPOSITE INDEX price is 11,528.50 USD. The price has increased by +2.64% since the last closing and was traded between 11,337.78 USD and 11,552.84 USD over the period. The price is currently at +1.68% from its lowest and -0.21% from its highest.

11,337.78
11,552.84
11,528.50

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of this 15 min. chart of NASDAQ COMPOSITE INDEX indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 15 minutes


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 15 minutes



The analysis of the price chart with Central Patterns scanners does not return any result.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 10,831.60 11,035.00 11,264.40 11,528.50 11,553.90 11,897.10 12,238.60
Change (%) -6.05% -4.28% -2.29% - +0.22% +3.20% +6.16%
Change -696.90 -493.50 -264.10 - +25.40 +368.60 +710.10
Level Minor Major Intermediate - Minor Intermediate Intermediate



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
Standard10,884.9010,965.5911,098.8911,179.5811,312.8811,393.5711,526.87
Camarilla11,173.3411,192.9611,212.5711,232.1911,251.8111,271.4211,291.04
Woodie10,911.2110,978.7411,125.2011,192.7311,339.1911,406.7211,553.18
Fibonacci10,965.5911,047.3311,097.8411,179.5811,261.3211,311.8311,393.57


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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 85.74
MACD (12,26,9): 89.2100
Directional Movement: 44.29
AROON (14): 85.72
DEMA (21): 11,360.25
Parabolic SAR (0,02-0,02-0,2): 11,243.99
Elder Ray (13): 216.45
Super Trend (3,10): 11,370.57
Zig ZAG (10): 11,525.77
VORTEX (21): 1.2700
Stochastique (14,3,5): 94.98
TEMA (21): 11,430.66
Williams %R (14): -5.69
Chande Momentum Oscillator (20): 410.40
Repulse (5,40,3): 0.8300
ROCnROLL: 1
TRIX (15,9): 0.0500
Courbe Coppock: 5.11
MA7: 11,059.44
MA20: 11,538.39
MA50: 11,996.91
MA100: 12,885.31
MAexp7: 11,402.06
MAexp20: 11,266.30
MAexp50: 11,177.67
MAexp100: 11,111.25
Price / MA7: +4.24%
Price / MA20: -0.09%
Price / MA50: -3.90%
Price / MA100: -10.53%
Price / MAexp7: +1.11%
Price / MAexp20: +2.33%
Price / MAexp50: +3.14%
Price / MAexp100: +3.75%

Quotes : - 15 min delayed data - NASDAQ US Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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