NASDAQ COMPOSITE INDEX - 15 min. - Technical analysis published on 06/26/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 13,562.26 USD
My targets
13,432.72 USD (-0.44%)
13,372.91 USD (-0.89%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NASDAQ COMPOSITE INDEX as long as the price remains well below 13,562.26 USD. The sellers' bearish objective is set at 13,432.72 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 13,372.91 USD. In case of crossing, the next objective would be the support located at 13,303.18 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3
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Additional analysis
Quotes
NASDAQ COMPOSITE INDEX rating 13,492.52 USD. The price registered a decrease of -1.01% on the session and was traded between 13,442.65 USD and 13,572.19 USD over the period. The price is currently at +0.37% from its lowest and -0.59% from its highest.13,442.65
13,572.19
13,492.52
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 15 min. of this NASDAQ COMPOSITE INDEX chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are bearish. There is still some doubt about the decline in the price.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12,892.20 | 13,128.10 | 13,446.90 | 13,492.52 | 13,631.90 | 13,782.80 | 14,109.90 |
| Change (%) | -4.45% | -2.70% | -0.34% | - | +1.03% | +2.15% | +4.58% |
| Change | -600.32 | -364.42 | -45.62 | - | +139.38 | +290.28 | +617.38 |
| Level | Minor | Major | Major | - | Minor | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,303.18 | 13,372.91 | 13,432.72 | 13,502.45 | 13,562.26 | 13,631.99 | 13,691.80 |
| Camarilla | 13,456.90 | 13,468.77 | 13,480.65 | 13,492.52 | 13,504.40 | 13,516.27 | 13,528.14 |
| Woodie | 13,298.21 | 13,370.43 | 13,427.75 | 13,499.97 | 13,557.29 | 13,629.51 | 13,686.83 |
| Fibonacci | 13,372.91 | 13,422.40 | 13,452.97 | 13,502.45 | 13,551.94 | 13,582.51 | 13,631.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,116.04 | 13,278.80 | 13,385.66 | 13,548.42 | 13,655.28 | 13,818.04 | 13,924.90 |
| Camarilla | 13,418.38 | 13,443.09 | 13,467.81 | 13,492.52 | 13,517.24 | 13,541.95 | 13,566.67 |
| Woodie | 13,088.09 | 13,264.83 | 13,357.71 | 13,534.45 | 13,627.33 | 13,804.07 | 13,896.95 |
| Fibonacci | 13,278.80 | 13,381.80 | 13,445.43 | 13,548.42 | 13,651.42 | 13,715.05 | 13,818.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,960.09 | 11,442.73 | 12,189.01 | 12,671.65 | 13,417.93 | 13,900.57 | 14,646.85 |
| Camarilla | 12,597.34 | 12,709.99 | 12,822.64 | 12,935.29 | 13,047.94 | 13,160.59 | 13,273.24 |
| Woodie | 11,091.91 | 11,508.64 | 12,320.83 | 12,737.56 | 13,549.75 | 13,966.48 | 14,778.67 |
| Fibonacci | 11,442.73 | 11,912.18 | 12,202.20 | 12,671.65 | 13,141.10 | 13,431.12 | 13,900.57 |
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): | 40.90 | |
| MACD (12,26,9): | -10.9200 | |
| Directional Movement: | -14.85 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 13,507.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 13,566.35 | |
| Elder Ray (13): | -16.17 | |
| Super Trend (3,10): | 13,560.19 | |
| Zig ZAG (10): | 13,492.52 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 26.16 | |
| TEMA (21): | 13,503.27 | |
| Williams %R (14): | -80.34 | |
| Chande Momentum Oscillator (20): | -52.87 | |
| Repulse (5,40,3): | -0.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.15 |
| MA7: | 13,627.36 | |
| MA20: | 13,319.83 | |
| MA50: | 12,670.87 | |
| MA100: | 12,211.44 | |
| MAexp7: | 13,506.46 | |
| MAexp20: | 13,520.72 | |
| MAexp50: | 13,538.54 | |
| MAexp100: | 13,558.35 | |
| Price / MA7: | -0.99% | |
| Price / MA20: | +1.30% | |
| Price / MA50: | +6.48% | |
| Price / MA100: | +10.49% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | -0.49% |
Quotes :
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15 min delayed data
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NASDAQ US Indices
News
The last news published on NASDAQ COMPOSITE INDEX at the time of the generation of this analysis was as follows:
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Nasdaq Composite officially entered bear market
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Nasdaq Composite Courts Bear Market Territory
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S&P 500 And Nasdaq Composite Close To Record Highs
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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.
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