NASDAQ COMPOSITE INDEX - 1H - Technical analysis published on 06/28/2022 (GMT)
- 187
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
17%
39%
44%
My opinion
Neutral between 11,264.40 USD and 11,460.30 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on NASDAQ COMPOSITE INDEX. It is difficult to advise a trading direction under these conditions. The first resistance is located at 11,460.30 USD. The first support is located at 11,264.40 USD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
Technical indicators are bearish in the very shrot term and could soon allow change to a bearish sentiment.
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:
Additional analysis
Quotes
The NASDAQ COMPOSITE INDEX price is 11,318.76 USD. On the day, this instrument lost -1.79% and was between 11,317.61 USD and 11,635.85 USD. This implies that the price is at +0.01% from its lowest and at -2.73% from its highest.11,317.61
11,635.85
11,318.76
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this NASDAQ COMPOSITE INDEX chart shows a slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 10,831.60 | 11,039.00 | 11,264.40 | 11,318.76 | 11,460.30 | 11,677.50 | 11,897.10 |
| Change (%) | -4.30% | -2.47% | -0.48% | - | +1.25% | +3.17% | +5.11% |
| Change | -487.16 | -279.76 | -54.36 | - | +141.54 | +358.74 | +578.34 |
| Level | Minor | Major | Major | - | Minor | 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 | 11,258.16 | 11,372.62 | 11,448.58 | 11,563.04 | 11,639.00 | 11,753.46 | 11,829.42 |
| Camarilla | 11,472.19 | 11,489.64 | 11,507.10 | 11,524.55 | 11,542.01 | 11,559.46 | 11,576.92 |
| Woodie | 11,238.92 | 11,363.00 | 11,429.34 | 11,553.42 | 11,619.76 | 11,743.84 | 11,810.18 |
| Fibonacci | 11,372.62 | 11,445.36 | 11,490.30 | 11,563.04 | 11,635.78 | 11,680.72 | 11,753.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,484.21 | 10,711.13 | 11,159.38 | 11,386.30 | 11,834.55 | 12,061.47 | 12,509.72 |
| Camarilla | 11,421.95 | 11,483.84 | 11,545.73 | 11,607.62 | 11,669.51 | 11,731.40 | 11,793.29 |
| Woodie | 10,594.87 | 10,766.46 | 11,270.04 | 11,441.63 | 11,945.21 | 12,116.80 | 12,620.38 |
| Fibonacci | 10,711.13 | 10,969.05 | 11,128.39 | 11,386.30 | 11,644.22 | 11,803.56 | 12,061.47 |
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): | 48.47 | |
| MACD (12,26,9): | 86.6300 | |
| Directional Movement: | 4.67 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 11,570.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,635.85 | |
| Elder Ray (13): | -67.62 | |
| Super Trend (3,10): | 11,340.61 | |
| Zig ZAG (10): | 11,369.69 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 24.92 | |
| TEMA (21): | 11,572.37 | |
| Williams %R (14): | -95.66 | |
| Chande Momentum Oscillator (20): | -118.59 | |
| Repulse (5,40,3): | -1.8600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 2.31 |
| MA7: | 11,235.86 | |
| MA20: | 11,493.19 | |
| MA50: | 11,916.31 | |
| MA100: | 12,827.35 | |
| MAexp7: | 11,486.49 | |
| MAexp20: | 11,440.20 | |
| MAexp50: | 11,310.78 | |
| MAexp100: | 11,344.81 | |
| Price / MA7: | +0.74% | |
| Price / MA20: | -1.52% | |
| Price / MA50: | -5.01% | |
| Price / MA100: | -11.76% | |
| Price / MAexp7: | -1.46% | |
| Price / MAexp20: | -1.06% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | -0.23% |
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:
-
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
Online
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
Comments
0 comments on the analysis NASDAQ COMPOSITE INDEX - 1H