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 - Daily - Technical analysis published on 08/22/2022 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Neutral

Technical indicators

17%

39%

44%

My opinion

Neutral between 11,984.50 USD and 12,603.60 USD

My targets

My analysis

The short-term and basic trend is neutral. In this situation, the price of NASDAQ COMPOSITE INDEX could just as easily move towards the first resistance as the first support. No statistical advantage is given for one of these levels to be achieved before the other. It will be necessary to create a new automated analysis when the conditions have progressed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below. The first resistance is located at 12,603.60 USD. The first support is located at 11,984.50 USD.

In the very short term, technical indicators are bearish and could soon allow change to a bearish sentiment.

Comment on the analysis

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 stein82. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NASDAQ COMPOSITE INDEX price is 12,404.69 USD. On the day, this instrument lost -2.37% and was traded between 12,398.38 USD and 12,538.55 USD over the period. The price is currently at +0.05% from its lowest and -1.07% from its highest.

12,398.38

12,538.55

12,404.69

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by NASDAQ COMPOSITE INDEX:

Technical

A technical analysis in Daily of this NASDAQ COMPOSITE INDEX chart shows a neutral trend. This indecision is confirmed by the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Downside gap

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10,643.50	11,258.80	11,984.50	12,404.69	12,603.60	13,352.80	14,609.20
Change (%)	-14.20%	-9.24%	-3.39%	-	+1.60%	+7.64%	+17.77%
Change	-1,761.19	-1,145.89	-420.19	-	+198.91	+948.11	+2,204.51
Level	Major	Minor	Intermediate	-	Intermediate	Major	Major

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	12,449.58	12,562.22	12,633.72	12,746.36	12,817.86	12,930.50	13,002.00
Camarilla	12,654.57	12,671.45	12,688.33	12,705.21	12,722.09	12,738.97	12,755.85
Woodie	12,429.00	12,551.94	12,613.14	12,736.08	12,797.28	12,920.22	12,981.42
Fibonacci	12,562.22	12,632.57	12,676.02	12,746.36	12,816.71	12,860.16	12,930.50

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12,020.14	12,347.50	12,526.36	12,853.72	13,032.58	13,359.94	13,538.80
Camarilla	12,566.00	12,612.40	12,658.81	12,705.21	12,751.61	12,798.02	12,844.42
Woodie	11,945.88	12,310.38	12,452.10	12,816.60	12,958.32	13,322.82	13,464.54
Fibonacci	12,347.50	12,540.88	12,660.35	12,853.72	13,047.10	13,166.57	13,359.94

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9,877.86	10,394.66	11,392.67	11,909.47	12,907.48	13,424.28	14,422.29
Camarilla	11,974.12	12,112.98	12,251.83	12,390.69	12,529.55	12,668.41	12,807.26
Woodie	10,118.48	10,514.96	11,633.29	12,029.77	13,148.10	13,544.58	14,662.91
Fibonacci	10,394.66	10,973.31	11,330.81	11,909.47	12,488.12	12,845.62	13,424.28

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):	49.12
MACD (12,26,9):	264.7800
Directional Movement:	2.49
AROON (14):	71.43
DEMA (21):	12,936.96
Parabolic SAR (0,02-0,02-0,2):	13,170.96
Elder Ray (13):	-233.23
Super Trend (3,10):	12,324.58
Zig ZAG (10):	12,398.59
VORTEX (21):	1.0000
Stochastique (14,3,5):	41.79
TEMA (21):	13,016.71
Williams %R (14):	-99.68
Chande Momentum Oscillator (20):	-319.41
Repulse (5,40,3):	-1.8400
ROCnROLL:	-1
TRIX (15,9):	0.4000
Courbe Coppock:	8.89

MA7:	12,898.66
MA20:	12,598.61
MA50:	11,833.46
MA100:	12,210.44
MAexp7:	12,753.59
MAexp20:	12,564.92
MAexp50:	12,236.86
MAexp100:	12,411.59
Price / MA7:	-3.83%
Price / MA20:	-1.54%
Price / MA50:	+4.83%
Price / MA100:	+1.59%
Price / MAexp7:	-2.74%
Price / MAexp20:	-1.28%
Price / MAexp50:	+1.37%
Price / MAexp100:	-0.06%

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:

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

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