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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 - 15 min. - Technical analysis published on 11/21/2023 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 14,151.69 USD
My targets
14,242.88 USD (+0.30%)
14,285.79 USD (+0.60%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on NASDAQ COMPOSITE INDEX as long as the price remains well above 14,151.69 USD. The buyers' bullish objective is set at 14,242.88 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 14,285.79 USD. If there is any crossing, the next objective would be the resistance located at 14,334.07 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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
0
10
5.4

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.

adhemar
This analysis was given by adhemar. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

NASDAQ COMPOSITE INDEX rating 14,199.98 USD. The price is lower by -0.59% since the last closing with the lowest point at 14,146.31 USD and the highest point at 14,237.50 USD. The deviation from the price is +0.38% for the low point and -0.26% for the high point.

14,146.31
14,237.50
14,199.98

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by NASDAQ COMPOSITE INDEX:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of NASDAQ COMPOSITE INDEX indicates that the overall trend is bullish. The signals given by moving averages are 75.00% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes


Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : 15 minutes


Momentum indicator is back under 0

Type : Bearish

Timeframe : 15 minutes



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

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 13,128.10 13,363.30 14,036.51 14,199.98 14,320.08 16,057.40
Change (%) -7.55% -5.89% -1.15% - +0.85% +13.08%
Change -1,071.88 -836.68 -163.47 - +120.10 +1,857.42
Level Intermediate Minor Intermediate - Major Major



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
Standard14,060.5014,103.4114,151.6914,194.6014,242.8814,285.7914,334.07
Camarilla14,174.9014,183.2614,191.6214,199.9814,208.3414,216.7014,225.06
Woodie14,063.2014,104.7514,154.3914,195.9414,245.5814,287.1314,336.77
Fibonacci14,103.4114,138.2414,159.7614,194.6014,229.4314,250.9514,285.79


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13,304.1413,495.9613,810.7214,002.5414,317.3014,509.1214,823.88
Camarilla13,986.1714,032.6114,079.0414,125.4814,171.9214,218.3514,264.79
Woodie13,365.6113,526.7013,872.1914,033.2814,378.7714,539.8614,885.35
Fibonacci13,495.9613,689.4713,809.0314,002.5414,196.0514,315.6114,509.12


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11,188.4111,866.1312,358.6913,036.4113,528.9714,206.6914,699.25
Camarilla12,529.4112,636.6912,743.9612,851.2412,958.5213,065.7913,173.07
Woodie11,095.8211,819.8412,266.1012,990.1213,436.3814,160.4014,606.66
Fibonacci11,866.1312,313.1812,589.3713,036.4113,483.4613,759.6514,206.69

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): 50.20
MACD (12,26,9): -2.8500
Directional Movement: -2.91
AROON (14): 50.00
DEMA (21): 14,192.71
Parabolic SAR (0,02-0,02-0,2): 14,164.73
Elder Ray (13): 0.38
Super Trend (3,10): 14,228.57
Zig ZAG (10): 14,199.98
VORTEX (21): 1.1400
Stochastique (14,3,5): 72.74
TEMA (21): 14,190.77
Williams %R (14): -25.36
Chande Momentum Oscillator (20): -2.37
Repulse (5,40,3): 0.0200
ROCnROLL: 1
TRIX (15,9): -0.0100
Courbe Coppock: 0.27
MA7: 14,098.52
MA20: 13,517.64
MA50: 13,432.59
MA100: 13,655.12
MAexp7: 14,197.81
MAexp20: 14,197.92
MAexp50: 14,195.34
MAexp100: 14,157.00
Price / MA7: +0.72%
Price / MA20: +5.05%
Price / MA50: +5.71%
Price / MA100: +3.99%
Price / MAexp7: +0.02%
Price / MAexp20: +0.01%
Price / MAexp50: +0.03%
Price / MAexp100: +0.30%

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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