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 - 1H - Technical analysis published on 10/05/2022 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 10,927.30 USD

My targets

11,258.80 USD (+0.99%)

11,611.40 USD (+4.15%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NASDAQ COMPOSITE INDEX as long as the price remains well above 10,927.30 USD. The buyers' bullish objective is set at 11,258.80 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11,611.40 USD. If there is any crossing, the next objective would be the resistance located at 12,269.90 USD.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.4

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

Additional analysis

Quotes

NASDAQ COMPOSITE INDEX rating 11,148.64 USD. The price is lower by -0.25% since the last closing with the lowest point at 10,910.76 USD and the highest point at 11,210.32 USD. The deviation from the price is +2.18% for the low point and -0.55% for the high point.

10,910.76

11,210.32

11,148.64

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

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 the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this NASDAQ COMPOSITE INDEX chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

In fact, 12 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8,303.06	9,817.18	10,643.50	11,148.64	11,258.80	11,611.40	12,269.90
Change (%)	-25.52%	-11.94%	-4.53%	-	+0.99%	+4.15%	+10.06%
Change	-2,845.58	-1,331.46	-505.14	-	+110.16	+462.76	+1,121.26
Level	Minor	Intermediate	Major	-	Intermediate	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10,669.93	10,790.35	10,969.49	11,089.91	11,269.05	11,389.47	11,568.61
Camarilla	11,066.26	11,093.72	11,121.18	11,148.64	11,176.10	11,203.56	11,231.02
Woodie	10,699.30	10,805.03	10,998.86	11,104.59	11,298.42	11,404.15	11,597.98
Fibonacci	10,790.35	10,904.78	10,975.48	11,089.91	11,204.34	11,275.04	11,389.47

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9,868.96	10,220.65	10,398.13	10,749.82	10,927.30	11,278.99	11,456.47
Camarilla	10,430.10	10,478.61	10,527.11	10,575.62	10,624.13	10,672.64	10,721.14
Woodie	9,781.87	10,177.10	10,311.04	10,706.27	10,840.21	11,235.44	11,369.38
Fibonacci	10,220.65	10,422.79	10,547.67	10,749.82	10,951.96	11,076.84	11,278.99

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8,310.71	9,441.52	10,008.57	11,139.38	11,706.43	12,837.24	13,404.29
Camarilla	10,108.71	10,264.35	10,419.98	10,575.62	10,731.26	10,886.89	11,042.53
Woodie	8,028.83	9,300.58	9,726.69	10,998.44	11,424.55	12,696.30	13,122.41
Fibonacci	9,441.52	10,090.10	10,490.80	11,139.38	11,787.96	12,188.66	12,837.24

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):	60.23
MACD (12,26,9):	72.8800
Directional Movement:	14.00
AROON (14):	100.00
DEMA (21):	11,106.45
Parabolic SAR (0,02-0,02-0,2):	10,910.76
Elder Ray (13):	113.50
Super Trend (3,10):	10,896.49
Zig ZAG (10):	11,148.64
VORTEX (21):	1.1500
Stochastique (14,3,5):	81.38
TEMA (21):	11,164.52
Williams %R (14):	-20.59
Chande Momentum Oscillator (20):	-37.43
Repulse (5,40,3):	0.5900
ROCnROLL:	1
TRIX (15,9):	0.0900
Courbe Coppock:	4.11

MA7:	10,904.96
MA20:	11,292.38
MA50:	11,966.04
MA100:	11,737.67
MAexp7:	11,094.30
MAexp20:	11,015.91
MAexp50:	10,975.09
MAexp100:	11,120.23
Price / MA7:	+2.23%
Price / MA20:	-1.27%
Price / MA50:	-6.83%
Price / MA100:	-5.02%
Price / MAexp7:	+0.49%
Price / MAexp20:	+1.20%
Price / MAexp50:	+1.58%
Price / MAexp100:	+0.26%

Quotes : - 15 min delayed data - NASDAQ US Indices

News

The latest news and videos published on NASDAQ COMPOSITE INDEX at the time of the analysis were as follows:

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

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