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 03/16/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

56%

22%

My opinion

Bullish above 11,482.40 USD

My targets

12,200.80 USD (+4.13%)

12,720.60 USD (+8.56%)

My analysis

The basic bullish trend is very strong on NASDAQ COMPOSITE INDEX but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 11,482.40 USD. Crossing the first resistance at 12,200.80 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 12,720.60 USD as an objective. Crossing it would then enable buyers to target 13,128.10 USD. Caution, a return to below 11,482.40 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

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.

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Additional analysis

Quotes

The NASDAQ COMPOSITE INDEX rating is 11,717.28 USD. On the day, this instrument gained +2.48% and was traded between 11,365.49 USD and 11,733.80 USD over the period. The price is currently at +3.10% from its lowest and -0.14% from its highest.

11,365.49

11,733.80

11,717.28

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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 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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of NASDAQ COMPOSITE INDEX indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

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	10,330.50	10,639.80	11,482.40	11,717.28	12,200.80	12,720.60	13,128.10
Change (%)	-11.84%	-9.20%	-2.00%	-	+4.13%	+8.56%	+12.04%
Change	-1,386.78	-1,077.48	-234.88	-	+483.52	+1,003.32	+1,410.82
Level	Intermediate	Minor	Major	-	Major	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11,108.94	11,237.21	11,477.25	11,605.52	11,845.56	11,973.83	12,213.87
Camarilla	11,616.00	11,649.76	11,683.52	11,717.28	11,751.04	11,784.80	11,818.57
Woodie	11,164.82	11,265.15	11,533.13	11,633.46	11,901.44	12,001.77	12,269.75
Fibonacci	11,237.21	11,377.91	11,464.83	11,605.52	11,746.22	11,833.14	11,973.83

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10,145.13	10,619.50	10,879.19	11,353.56	11,613.25	12,087.62	12,347.31
Camarilla	10,937.02	11,004.31	11,071.60	11,138.89	11,206.18	11,273.47	11,340.76
Woodie	10,037.80	10,565.83	10,771.86	11,299.89	11,505.92	12,033.95	12,239.98
Fibonacci	10,619.50	10,899.91	11,073.15	11,353.56	11,633.97	11,807.21	12,087.62

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10,168.41	10,751.44	11,103.49	11,686.52	12,038.57	12,621.60	12,973.65
Camarilla	11,198.39	11,284.11	11,369.82	11,455.54	11,541.26	11,626.97	11,712.69
Woodie	10,052.92	10,693.70	10,988.00	11,628.78	11,923.08	12,563.86	12,858.16
Fibonacci	10,751.44	11,108.64	11,329.32	11,686.52	12,043.72	12,264.40	12,621.60

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):	56.15
MACD (12,26,9):	-20.4800
Directional Movement:	1.60
AROON (14):	-35.71
DEMA (21):	11,490.04
Parabolic SAR (0,02-0,02-0,2):	10,982.80
Elder Ray (13):	67.62
Super Trend (3,10):	11,840.32
Zig ZAG (10):	11,717.28
VORTEX (21):	0.8200
Stochastique (14,3,5):	64.33
TEMA (21):	11,393.92
Williams %R (14):	-13.09
Chande Momentum Oscillator (20):	261.73
Repulse (5,40,3):	4.9900
ROCnROLL:	1
TRIX (15,9):	-0.0200
Courbe Coppock:	2.21

MA7:	11,403.08
MA20:	11,505.47
MA50:	11,427.37
MA100:	11,166.86
MAexp7:	11,472.83
MAexp20:	11,500.61
MAexp50:	11,423.96
MAexp100:	11,370.52
Price / MA7:	+2.76%
Price / MA20:	+1.84%
Price / MA50:	+2.54%
Price / MA100:	+4.93%
Price / MAexp7:	+2.13%
Price / MAexp20:	+1.88%
Price / MAexp50:	+2.57%
Price / MAexp100:	+3.05%

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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