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 03/27/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 11,482.40 USD

My targets

12,200.80 USD (+3.29%)

12,493.90 USD (+5.77%)

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 12,200.80 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12,493.90 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.2

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

The NASDAQ COMPOSITE INDEX price is 11,811.79 USD. The price registered a decrease of -0.10% on the session with the lowest point at 11,739.05 USD and the highest point at 11,903.21 USD. The deviation from the price is +0.62% for the low point and -0.77% for the high point.

11,739.05

11,903.21

11,811.79

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by NASDAQ COMPOSITE INDEX:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NASDAQ COMPOSITE INDEX in Daily shows a strongly overall 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 market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10,635.70	11,146.40	11,482.40	11,811.79	12,200.80	12,493.90	12,720.60
Change (%)	-9.96%	-5.63%	-2.79%	-	+3.29%	+5.77%	+7.69%
Change	-1,176.09	-665.39	-329.39	-	+389.01	+682.11	+908.81
Level	Minor	Major	Intermediate	-	Major	Minor	Minor

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	11,565.45	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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	57.06
MACD (12,26,9):	71.7300
Directional Movement:	11.13
AROON (14):	50.00
DEMA (21):	11,712.33
Parabolic SAR (0,02-0,02-0,2):	11,308.38
Elder Ray (13):	150.36
Super Trend (3,10):	11,132.26
Zig ZAG (10):	11,815.13
VORTEX (21):	1.0300
Stochastique (14,3,5):	79.95
TEMA (21):	11,726.79
Williams %R (14):	-19.69
Chande Momentum Oscillator (20):	474.42
Repulse (5,40,3):	-0.0800
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	4.49

MA7:	11,751.88
MA20:	11,564.25
MA50:	11,579.90
MA100:	11,220.92
MAexp7:	11,738.67
MAexp20:	11,633.29
MAexp50:	11,505.42
MAexp100:	11,416.53
Price / MA7:	+0.51%
Price / MA20:	+2.14%
Price / MA50:	+2.00%
Price / MA100:	+5.27%
Price / MAexp7:	+0.62%
Price / MAexp20:	+1.53%
Price / MAexp50:	+2.66%
Price / MAexp100:	+3.46%

Quotes : - 15 min delayed data - NASDAQ US Indices

News

The latest news and videos published on NASDAQ COMPOSITE INDEX at the time of the analysis were as follows:

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

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