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 02/11/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

39%

17%

44%

My opinion

Bullish above 11,482.40 USD

My targets

11,984.50 USD (+2.27%)

12,320.40 USD (+5.14%)

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 11,482.40 USD. The buyers' bullish objective is set at 11,984.50 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12,320.40 USD. If there is any crossing, the next objective would be the resistance located at 12,720.60 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.4

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 Pasqual32. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NASDAQ COMPOSITE INDEX rating is 11,718.12 USD. The price registered a decrease of -0.61% on the session and was traded between 11,630.54 USD and 11,775.80 USD over the period. The price is currently at +0.75% from its lowest and -0.49% from its highest.

11,630.54

11,775.80

11,718.12

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 study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this NASDAQ COMPOSITE INDEX chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10,642.60	11,033.40	11,482.40	11,718.12	11,984.50	12,320.40	12,720.60
Change (%)	-9.18%	-5.84%	-2.01%	-	+2.27%	+5.14%	+8.55%
Change	-1,075.52	-684.72	-235.72	-	+266.38	+602.28	+1,002.48
Level	Intermediate	Minor	Major	-	Intermediate	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11,495.25	11,562.89	11,640.51	11,708.15	11,785.77	11,853.41	11,931.03
Camarilla	11,678.17	11,691.49	11,704.81	11,718.12	11,731.44	11,744.75	11,758.07
Woodie	11,500.23	11,565.39	11,645.49	11,710.65	11,790.75	11,855.91	11,936.01
Fibonacci	11,562.89	11,618.38	11,652.66	11,708.15	11,763.64	11,797.92	11,853.41

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10,996.02	11,313.28	11,515.70	11,832.96	12,035.38	12,352.64	12,555.06
Camarilla	11,575.21	11,622.85	11,670.48	11,718.12	11,765.76	11,813.40	11,861.03
Woodie	10,938.60	11,284.57	11,458.28	11,804.25	11,977.96	12,323.93	12,497.64
Fibonacci	11,313.28	11,511.80	11,634.44	11,832.96	12,031.48	12,154.12	12,352.64

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9,242.25	9,753.64	10,669.10	11,180.49	12,095.95	12,607.34	13,522.80
Camarilla	11,192.17	11,322.96	11,453.76	11,584.55	11,715.35	11,846.14	11,976.93
Woodie	9,444.28	9,854.66	10,871.13	11,281.51	12,297.98	12,708.36	13,724.83
Fibonacci	9,753.64	10,298.70	10,635.44	11,180.49	11,725.55	12,062.29	12,607.34

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):	56.44
MACD (12,26,9):	270.1800
Directional Movement:	14.84
AROON (14):	42.85
DEMA (21):	11,912.55
Parabolic SAR (0,02-0,02-0,2):	12,259.07
Elder Ray (13):	-11.19
Super Trend (3,10):	11,381.42
Zig ZAG (10):	11,718.12
VORTEX (21):	1.0900
Stochastique (14,3,5):	62.71
TEMA (21):	12,062.52
Williams %R (14):	-45.94
Chande Momentum Oscillator (20):	404.76
Repulse (5,40,3):	-1.5700
ROCnROLL:	-1
TRIX (15,9):	0.3600
Courbe Coppock:	13.17

MA7:	11,946.75
MA20:	11,534.60
MA50:	11,096.21
MA100:	10,991.97
MAexp7:	11,825.39
MAexp20:	11,566.73
MAexp50:	11,261.96
MAexp100:	11,272.10
Price / MA7:	-1.91%
Price / MA20:	+1.59%
Price / MA50:	+5.60%
Price / MA100:	+6.61%
Price / MAexp7:	-0.91%
Price / MAexp20:	+1.31%
Price / MAexp50:	+4.05%
Price / MAexp100:	+3.96%

Quotes : - 15 min delayed data - NASDAQ US Indices

News

The last news published on NASDAQ COMPOSITE INDEX at the time of the generation of this analysis was as follows:

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

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