NASDAQ COMPOSITE INDEX - 1H - Technical analysis published on 10/05/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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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
0
10
5.4
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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:
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
S3
S2
S1
R1
R2
R3
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 :
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15 min delayed data
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NASDAQ US Indices
News
The latest news and videos published on NASDAQ COMPOSITE INDEX at the time of the analysis were 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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