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 - Weekly - Technical analysis published on 08/27/2022 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bearish

Technical indicators

56%

11%

33%

My opinion

Bearish under 12,603.60 USD

My targets

11,392.67 USD (-6.17%)

10,643.50 USD (-12.34%)

My analysis

All elements being rather 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 12,603.60 USD. The next bearish objective for sellers is set at 11,392.67 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 10,643.50 USD. If there is any crossing, the next objective would be the support located at 9,817.18 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.8

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 12,141.71 USD. The price registered a decrease of -4.44% over 5 days and was traded between 12,141.50 USD and 12,655.80 USD over the period. The price is currently at +0.00% from its lowest point and -4.06% from its highest point.

12,141.50

12,655.80

12,141.71

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this NASDAQ COMPOSITE INDEX chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Weekly

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : Weekly

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

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Downside gap

Type : Bearish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8,303.06	9,817.18	10,643.50	12,141.71	12,603.60	14,609.20	16,057.40
Change (%)	-31.62%	-19.14%	-12.34%	-	+3.80%	+20.32%	+32.25%
Change	-3,838.65	-2,324.53	-1,498.21	-	+461.89	+2,467.49	+3,915.69
Level	Minor	Minor	Major	-	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	11,455.89	11,798.70	11,970.21	12,313.02	12,484.53	12,827.34	12,998.85
Camarilla	12,000.27	12,047.42	12,094.56	12,141.71	12,188.86	12,236.00	12,283.15
Woodie	11,370.23	11,755.88	11,884.55	12,270.20	12,398.87	12,784.52	12,913.19
Fibonacci	11,798.70	11,995.17	12,116.55	12,313.02	12,509.49	12,630.87	12,827.34

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

Technical indicators

Moving averages

RSI (14):	46.14
MACD (12,26,9):	-300.0300
Directional Movement:	-6.50
AROON (14):	64.29
DEMA (21):	11,864.12
Parabolic SAR (0,02-0,02-0,2):	11,017.39
Elder Ray (13):	152.52
Super Trend (3,10):	13,289.77
Zig ZAG (10):	12,141.71
VORTEX (21):	0.8500
Stochastique (14,3,5):	80.69
TEMA (21):	12,009.05
Williams %R (14):	-39.73
Chande Momentum Oscillator (20):	128.98
Repulse (5,40,3):	-2.0100
ROCnROLL:	2
TRIX (15,9):	-0.6100
Courbe Coppock:	2.41

MA7:	12,520.85
MA20:	12,669.95
MA50:	11,943.42
MA100:	12,131.62
MAexp7:	12,322.57
MAexp20:	12,377.00
MAexp50:	12,982.32
MAexp100:	12,758.69
Price / MA7:	-3.03%
Price / MA20:	-4.17%
Price / MA50:	+1.66%
Price / MA100:	+0.08%
Price / MAexp7:	-1.47%
Price / MAexp20:	-1.90%
Price / MAexp50:	-6.48%
Price / MAexp100:	-4.84%

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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