NASDAQ COMPOSITE INDEX - 1H - Technical analysis published on 06/29/2022 (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 bearish
Underlying:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 11,264.40 USD
My targets
11,040.40 USD (-1.26%)
10,831.60 USD (-3.13%)
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 11,040.40 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10,831.60 USD. In case of crossing, the next objective would be the support located at 10,633.00 USD.
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
5.2
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Additional analysis
Quotes
The NASDAQ COMPOSITE INDEX rating is 11,181.54 USD. The price registered a decrease of -2.98% on the session and was traded between 11,177.68 USD and 11,635.85 USD over the period. The price is currently at +0.03% from its lowest and -3.90% from its highest.11,177.68
11,635.85
11,181.54
Here is a more detailed summary of the historical variations registered by NASDAQ COMPOSITE INDEX:
Technical
Technical analysis of NASDAQ COMPOSITE INDEX in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are bearish. There is still some doubt about the decline in the price.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 11,040.40 | 11,181.54 | 11,264.40 | 11,677.50 | 11,897.10 |
| Change (%) | -4.91% | -3.13% | -1.26% | - | +0.74% | +4.44% | +6.40% |
| Change | -548.54 | -349.94 | -141.14 | - | +82.86 | +495.96 | +715.56 |
| Level | Major | Minor | Intermediate | - | 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 | 10,569.36 | 10,873.52 | 11,027.53 | 11,331.69 | 11,485.70 | 11,789.86 | 11,943.87 |
| Camarilla | 11,055.54 | 11,097.54 | 11,139.54 | 11,181.54 | 11,223.54 | 11,265.54 | 11,307.54 |
| Woodie | 10,494.29 | 10,835.98 | 10,952.46 | 11,294.15 | 11,410.63 | 11,752.32 | 11,868.80 |
| Fibonacci | 10,873.52 | 11,048.54 | 11,156.67 | 11,331.69 | 11,506.71 | 11,614.84 | 11,789.86 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 38.45 | |
| MACD (12,26,9): | 4.6400 | |
| Directional Movement: | -8.59 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 11,408.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,466.31 | |
| Elder Ray (13): | -159.89 | |
| Super Trend (3,10): | 11,467.24 | |
| Zig ZAG (10): | 11,181.54 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 2.71 | |
| TEMA (21): | 11,334.58 | |
| Williams %R (14): | -99.23 | |
| Chande Momentum Oscillator (20): | -425.87 | |
| Repulse (5,40,3): | -1.5100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 3.42 |
| MA7: | 11,209.52 | |
| MA20: | 11,483.60 | |
| MA50: | 11,912.49 | |
| MA100: | 12,825.46 | |
| MAexp7: | 11,305.03 | |
| MAexp20: | 11,369.10 | |
| MAexp50: | 11,298.17 | |
| MAexp100: | 11,334.70 | |
| Price / MA7: | -0.25% | |
| Price / MA20: | -2.63% | |
| Price / MA50: | -6.14% | |
| Price / MA100: | -12.82% | |
| Price / MAexp7: | -1.09% | |
| Price / MAexp20: | -1.65% | |
| Price / MAexp50: | -1.03% | |
| Price / MAexp100: | -1.35% |
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.
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