NASDAQ COMPOSITE INDEX - 1H - Technical analysis published on 03/20/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
22%
22%
56%
My opinion
Bullish above 11,482.40 USD
My targets
11,830.90 USD (+1.79%)
12,071.30 USD (+3.85%)
My analysis
NASDAQ COMPOSITE INDEX is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 11,482.40 USD. The next resistance located at 11,830.90 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 12,071.30 USD. After this resistance, buyers could then target 12,200.80 USD.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ COMPOSITE INDEX price is 11,623.42 USD. The price registered a decrease of -0.06% on the session and was traded between 11,550.69 USD and 11,638.50 USD over the period. The price is currently at +0.63% from its lowest and -0.13% from its highest.11,550.69
11,638.50
11,623.42
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NASDAQ COMPOSITE INDEX indicates that the overall trend is bullish. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 11,191.50 | 11,336.20 | 11,482.40 | 11,623.42 | 11,633.30 | 11,830.90 | 12,071.30 |
Change (%) | -3.72% | -2.47% | -1.21% | - | +0.09% | +1.79% | +3.85% |
Change | -431.92 | -287.22 | -141.02 | - | +9.88 | +207.48 | +447.88 |
Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 11,327.24 | 11,444.94 | 11,537.72 | 11,655.42 | 11,748.20 | 11,865.90 | 11,958.68 |
Camarilla | 11,572.63 | 11,591.92 | 11,611.22 | 11,630.51 | 11,649.80 | 11,669.10 | 11,688.39 |
Woodie | 11,314.79 | 11,438.71 | 11,525.27 | 11,649.19 | 11,735.75 | 11,859.67 | 11,946.23 |
Fibonacci | 11,444.94 | 11,525.34 | 11,575.01 | 11,655.42 | 11,735.82 | 11,785.49 | 11,865.90 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 10,360.86 | 10,671.83 | 11,151.17 | 11,462.14 | 11,941.48 | 12,252.45 | 12,731.79 |
Camarilla | 11,413.18 | 11,485.62 | 11,558.07 | 11,630.51 | 11,702.96 | 11,775.40 | 11,847.85 |
Woodie | 10,445.05 | 10,713.92 | 11,235.36 | 11,504.23 | 12,025.67 | 12,294.54 | 12,815.98 |
Fibonacci | 10,671.83 | 10,973.73 | 11,160.24 | 11,462.14 | 11,764.04 | 11,950.55 | 12,252.45 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 56.03 | |
MACD (12,26,9): | 57.8700 | |
Directional Movement: | -1.36 | |
AROON (14): | 50.00 | |
DEMA (21): | 11,652.17 | |
Parabolic SAR (0,02-0,02-0,2): | 11,756.77 | |
Elder Ray (13): | -5.41 | |
Super Trend (3,10): | 11,455.75 | |
Zig ZAG (10): | 11,613.66 | |
VORTEX (21): | 1.1900 | |
Stochastique (14,3,5): | 49.17 | |
TEMA (21): | 11,677.67 | |
Williams %R (14): | -65.73 | |
Chande Momentum Oscillator (20): | -74.11 | |
Repulse (5,40,3): | 0.0900 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0900 | |
Courbe Coppock: | 2.45 |
MA7: | 11,451.43 | |
MA20: | 11,485.25 | |
MA50: | 11,476.88 | |
MA100: | 11,181.21 | |
MAexp7: | 11,618.59 | |
MAexp20: | 11,573.11 | |
MAexp50: | 11,504.85 | |
MAexp100: | 11,508.29 | |
Price / MA7: | +1.50% | |
Price / MA20: | +1.20% | |
Price / MA50: | +1.28% | |
Price / MA100: | +3.95% | |
Price / MAexp7: | +0.04% | |
Price / MAexp20: | +0.43% | |
Price / MAexp50: | +1.03% | |
Price / MAexp100: | +1.00% |
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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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