NASDAQ COMPOSITE INDEX - 15 min. - Technical analysis published on 07/06/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 13,675.52 USD
My targets
13,333.10 USD (-2.01%)
13,128.10 USD (-3.52%)
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 13,675.52 USD. The sellers' bearish objective is set at 13,333.10 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 13,128.10 USD. In case of crossing, the next objective would be the support located at 12,892.20 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.8
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This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ COMPOSITE INDEX price is 13,607.07 USD. The price is lower by -1.34% since the last closing and was traded between 13,567.25 USD and 13,662.90 USD over the period. The price is currently at +0.29% from its lowest and -0.41% from its highest.13,567.25
13,662.90
13,607.07
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this NASDAQ COMPOSITE INDEX chart shows a sharp bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 12,892.20 | 13,128.10 | 13,333.10 | 13,607.07 | 13,654.90 | 13,782.80 | 14,109.90 |
Change (%) | -5.25% | -3.52% | -2.01% | - | +0.35% | +1.29% | +3.70% |
Change | -714.87 | -478.97 | -273.97 | - | +47.83 | +175.73 | +502.83 |
Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | 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 | 13,675.52 | 13,719.88 | 13,755.77 | 13,800.13 | 13,836.02 | 13,880.38 | 13,916.27 |
Camarilla | 13,769.58 | 13,776.94 | 13,784.29 | 13,791.65 | 13,799.01 | 13,806.36 | 13,813.72 |
Woodie | 13,671.28 | 13,717.76 | 13,751.53 | 13,798.01 | 13,831.78 | 13,878.26 | 13,912.03 |
Fibonacci | 13,719.88 | 13,750.54 | 13,769.48 | 13,800.13 | 13,830.79 | 13,849.73 | 13,880.38 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 12,993.72 | 13,164.06 | 13,475.99 | 13,646.33 | 13,958.26 | 14,128.60 | 14,440.53 |
Camarilla | 13,655.30 | 13,699.50 | 13,743.71 | 13,787.92 | 13,832.13 | 13,876.34 | 13,920.54 |
Woodie | 13,064.52 | 13,199.46 | 13,546.79 | 13,681.73 | 14,029.06 | 14,164.00 | 14,511.33 |
Fibonacci | 13,164.06 | 13,348.29 | 13,462.10 | 13,646.33 | 13,830.56 | 13,944.37 | 14,128.60 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 12,212.48 | 12,558.04 | 13,172.98 | 13,518.54 | 14,133.48 | 14,479.04 | 15,093.98 |
Camarilla | 13,523.78 | 13,611.83 | 13,699.87 | 13,787.92 | 13,875.97 | 13,964.01 | 14,052.06 |
Woodie | 12,347.17 | 12,625.39 | 13,307.67 | 13,585.89 | 14,268.17 | 14,546.39 | 15,228.67 |
Fibonacci | 12,558.04 | 12,924.95 | 13,151.63 | 13,518.54 | 13,885.45 | 14,112.13 | 14,479.04 |
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): | 21.27 | |
MACD (12,26,9): | -59.5100 | |
Directional Movement: | -38.01 | |
AROON (14): | -57.15 | |
DEMA (21): | 13,618.32 | |
Parabolic SAR (0,02-0,02-0,2): | 13,734.23 | |
Elder Ray (13): | -78.47 | |
Super Trend (3,10): | 13,667.68 | |
Zig ZAG (10): | 13,574.81 | |
VORTEX (21): | 0.8600 | |
Stochastique (14,3,5): | 1.54 | |
TEMA (21): | 13,571.32 | |
Williams %R (14): | -95.88 | |
Chande Momentum Oscillator (20): | -226.44 | |
Repulse (5,40,3): | -0.1400 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0400 | |
Courbe Coppock: | 2.82 |
MA7: | 13,678.15 | |
MA20: | 13,555.45 | |
MA50: | 12,916.08 | |
MA100: | 12,350.21 | |
MAexp7: | 13,607.81 | |
MAexp20: | 13,685.91 | |
MAexp50: | 13,732.58 | |
MAexp100: | 13,714.45 | |
Price / MA7: | -0.52% | |
Price / MA20: | +0.38% | |
Price / MA50: | +5.35% | |
Price / MA100: | +10.18% | |
Price / MAexp7: | +0.00% | |
Price / MAexp20: | -0.57% | |
Price / MAexp50: | -0.91% | |
Price / MAexp100: | -0.78% |
Quotes :
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15 min delayed data
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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:
- Nasdaq Composite officially entered bear market
- Nasdaq Composite Courts Bear Market Territory
- S&P 500 And Nasdaq Composite Close To Record Highs
- 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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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