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 03/27/2023 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

11%

39%

My opinion

Bullish above 11,668.30 USD

My targets

12,011.20 USD (+1.64%)

12,200.80 USD (+3.24%)

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 11,668.30 USD. The buyers' bullish objective is set at 12,011.20 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12,200.80 USD. If there is any crossing, the next objective would be the resistance located at 12,493.90 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.3

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

Additional analysis

Quotes

NASDAQ COMPOSITE INDEX rating 11,817.59 USD. The price is lower by -0.05% since the last closing and was between 11,739.05 USD and 11,903.21 USD. This implies that the price is at +0.67% from its lowest and at -0.72% from its highest.

11,739.05

11,903.21

11,817.59

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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 1H of this NASDAQ COMPOSITE INDEX chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11,333.60	11,482.40	11,668.30	11,817.59	11,827.70	12,011.20	12,200.80
Change (%)	-4.10%	-2.84%	-1.26%	-	+0.09%	+1.64%	+3.24%
Change	-483.99	-335.19	-149.29	-	+10.11	+193.61	+383.21
Level	Intermediate	Intermediate	Major	-	Minor	Intermediate	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11,565.45	11,618.06	11,721.01	11,773.62	11,876.57	11,929.18	12,032.13
Camarilla	11,781.18	11,795.44	11,809.70	11,823.96	11,838.22	11,852.48	11,866.74
Woodie	11,590.62	11,630.65	11,746.18	11,786.21	11,901.74	11,941.77	12,057.30
Fibonacci	11,618.06	11,677.48	11,714.20	11,773.62	11,833.04	11,869.76	11,929.18

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11,115.14	11,332.91	11,578.44	11,796.21	12,041.74	12,259.51	12,505.04
Camarilla	11,696.55	11,739.02	11,781.49	11,823.96	11,866.43	11,908.90	11,951.37
Woodie	11,129.01	11,339.85	11,592.31	11,803.15	12,055.61	12,266.45	12,518.91
Fibonacci	11,332.91	11,509.89	11,619.23	11,796.21	11,973.19	12,082.53	12,259.51

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):	52.12
MACD (12,26,9):	7.6000
Directional Movement:	-0.76
AROON (14):	35.72
DEMA (21):	11,805.11
Parabolic SAR (0,02-0,02-0,2):	11,903.33
Elder Ray (13):	-2.80
Super Trend (3,10):	11,991.65
Zig ZAG (10):	11,806.07
VORTEX (21):	0.8700
Stochastique (14,3,5):	47.79
TEMA (21):	11,775.86
Williams %R (14):	-43.08
Chande Momentum Oscillator (20):	58.24
Repulse (5,40,3):	0.1700
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.39

MA7:	11,750.14
MA20:	11,563.14
MA50:	11,579.45
MA100:	11,220.69
MAexp7:	11,788.33
MAexp20:	11,788.42
MAexp50:	11,733.56
MAexp100:	11,667.81
Price / MA7:	+0.57%
Price / MA20:	+2.20%
Price / MA50:	+2.06%
Price / MA100:	+5.32%
Price / MAexp7:	+0.25%
Price / MAexp20:	+0.25%
Price / MAexp50:	+0.72%
Price / MAexp100:	+1.28%

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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