NASDAQ COMPOSITE INDEX
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 03/24/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 11,667.90 USD
My targets
11,827.70 USD (+0.83%)
11,962.70 USD (+1.98%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NASDAQ COMPOSITE INDEX. As long as you are above the support located at 11,667.90 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 11,827.70 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 11,962.70 USD as an objective. Crossing it would then enable buyers to target 12,071.30 USD. If the support 11,667.90 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2

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 indypan. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NASDAQ COMPOSITE INDEX price is 11,729.90 USD. The price is lower by -0.49% since the last closing with the lowest point at 11,673.48 USD and the highest point at 11,761.75 USD. The deviation from the price is +0.48% for the low point and -0.27% for the high point.

11,673.48
11,761.75
11,729.90

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.

Central Gaps

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 Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 1H of this NASDAQ COMPOSITE INDEX chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 7 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 11,333.60 11,482.40 11,667.90 11,729.90 11,827.70 11,962.70 12,071.30
Change (%) -3.38% -2.11% -0.53% - +0.83% +1.98% +2.91%
Change -396.30 -247.50 -62.00 - +97.80 +232.80 +341.40
Level Minor Major Intermediate - Intermediate Minor Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11,382.2111,533.3711,660.3811,811.5411,938.5512,089.7112,216.72
Camarilla11,710.9011,736.4011,761.9011,787.4011,812.9011,838.4011,863.90
Woodie11,370.1511,527.3311,648.3211,805.5011,926.4912,083.6712,204.66
Fibonacci11,533.3711,639.6311,705.2811,811.5411,917.8011,983.4512,089.71


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10,360.8610,671.8311,151.1711,462.1411,941.4812,252.4512,731.79
Camarilla11,413.1811,485.6211,558.0711,630.5111,702.9611,775.4011,847.85
Woodie10,445.0510,713.9211,235.3611,504.2312,025.6712,294.5412,815.98
Fibonacci10,671.8310,973.7311,160.2411,462.1411,764.0411,950.5512,252.45


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10,168.4110,751.4411,103.4911,686.5212,038.5712,621.6012,973.65
Camarilla11,198.3911,284.1111,369.8211,455.5411,541.2611,626.9711,712.69
Woodie10,052.9210,693.7010,988.0011,628.7811,923.0812,563.8612,858.16
Fibonacci10,751.4411,108.6411,329.3211,686.5212,043.7212,264.4012,621.60

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): 46.89
MACD (12,26,9): 22.4200
Directional Movement: -6.69
AROON (14): -7.14
DEMA (21): 11,838.46
Parabolic SAR (0,02-0,02-0,2): 11,962.18
Elder Ray (13): -57.26
Super Trend (3,10): 12,017.76
Zig ZAG (10): 11,750.46
VORTEX (21): 0.9100
Stochastique (14,3,5): 25.71
TEMA (21): 11,798.99
Williams %R (14): -79.34
Chande Momentum Oscillator (20): -114.22
Repulse (5,40,3): -0.1000
ROCnROLL: -1
TRIX (15,9): 0.0600
Courbe Coppock: 0.82
MA7: 11,723.10
MA20: 11,542.15
MA50: 11,561.73
MA100: 11,211.69
MAexp7: 11,779.71
MAexp20: 11,792.06
MAexp50: 11,704.79
MAexp100: 11,636.40
Price / MA7: +0.06%
Price / MA20: +1.63%
Price / MA50: +1.45%
Price / MA100: +4.62%
Price / MAexp7: -0.42%
Price / MAexp20: -0.53%
Price / MAexp50: +0.21%
Price / MAexp100: +0.80%

Quotes : - 15 min delayed data - NASDAQ US Indices

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

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