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
Analysis too old. There are no more charts available.
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
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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.
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:
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
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
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 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 :
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15 min delayed data
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NASDAQ US Indices
News
The last news published on NASDAQ COMPOSITE INDEX at the time of the generation of this analysis 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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