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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 04/05/2023 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 11,828.65 USD
My targets
12,200.80 USD (+1.33%)
12,493.90 USD (+3.77%)
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 11,828.65 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 12,200.80 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 12,493.90 USD as an objective. Crossing it would then enable buyers to target 12,720.60 USD. If the support 11,828.65 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.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
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.

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

Additional analysis

Quotes

NASDAQ COMPOSITE INDEX rating 12,040.29 USD. The price is lower by -0.71% since the last closing with the lowest point at 12,035.15 USD and the highest point at 12,086.75 USD. The deviation from the price is +0.04% for the low point and -0.38% for the high point.

12,035.15
12,086.75
12,040.29

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap DOWN

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:

Technical


Technical analysis of this 1H chart of NASDAQ COMPOSITE INDEX indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 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

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

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

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
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 11,482.40 11,668.70 12,014.00 12,040.29 12,200.80 12,493.90 12,720.60
Change (%) -4.63% -3.09% -0.22% - +1.33% +3.77% +5.65%
Change -557.89 -371.59 -26.29 - +160.51 +453.61 +680.31
Level Minor Intermediate Minor - Major Minor Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11,921.0012,001.4012,063.8712,144.2712,206.7412,287.1412,349.61
Camarilla12,087.0412,100.1412,113.2312,126.3312,139.4312,152.5212,165.62
Woodie11,912.0311,996.9212,054.9012,139.7912,197.7712,282.6612,340.64
Fibonacci12,001.4012,055.9812,089.7012,144.2712,198.8512,232.5712,287.14


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11,235.7511,435.3911,828.6512,028.2912,421.5512,621.1913,014.45
Camarilla12,058.8612,113.2112,167.5612,221.9112,276.2612,330.6112,384.96
Woodie11,332.5611,483.8011,925.4612,076.7012,518.3612,669.6013,111.26
Fibonacci11,435.3911,661.8811,801.8012,028.2912,254.7812,394.7012,621.19


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10,148.7010,565.7511,393.8311,810.8812,638.9613,056.0113,884.09
Camarilla11,879.5011,993.6412,107.7712,221.9112,336.0512,450.1812,564.32
Woodie10,354.2210,668.5111,599.3511,913.6412,844.4813,158.7714,089.61
Fibonacci10,565.7511,041.3911,335.2411,810.8812,286.5212,580.3713,056.01

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): 46.74
MACD (12,26,9): 31.5300
Directional Movement: 1.30
AROON (14): -42.86
DEMA (21): 12,158.20
Parabolic SAR (0,02-0,02-0,2): 12,206.34
Elder Ray (13): -51.26
Super Trend (3,10): 12,218.21
Zig ZAG (10): 12,059.45
VORTEX (21): 0.9400
Stochastique (14,3,5): 14.73
TEMA (21): 12,131.48
Williams %R (14): -90.73
Chande Momentum Oscillator (20): -59.57
Repulse (5,40,3): -0.0600
ROCnROLL: -1
TRIX (15,9): 0.0700
Courbe Coppock: 0.49
MA7: 12,035.60
MA20: 11,735.83
MA50: 11,707.35
MA100: 11,325.22
MAexp7: 12,097.27
MAexp20: 12,103.82
MAexp50: 12,003.47
MAexp100: 11,879.72
Price / MA7: +0.04%
Price / MA20: +2.59%
Price / MA50: +2.84%
Price / MA100: +6.31%
Price / MAexp7: -0.47%
Price / MAexp20: -0.52%
Price / MAexp50: +0.31%
Price / MAexp100: +1.35%

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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