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 11/23/2023 (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

78%

22%

My opinion

Bullish above 14,036.51 USD

My targets

14,699.25 USD (+3.04%)

16,057.40 USD (+12.56%)

My analysis

The bullish trend is currently very strong on NASDAQ COMPOSITE INDEX. As long as the price remains above the support at 14,036.51 USD, you could try to benefit from the boom. The first bullish objective is located at 14,699.25 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 16,057.40 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

7.9

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 stanleygariseb. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NASDAQ COMPOSITE INDEX rating is 14,265.86 USD. The price has increased by +0.46% since the last closing and was between 14,226.63 USD and 14,359.61 USD. This implies that the price is at +0.28% from its lowest and at -0.65% from its highest.

14,226.63

14,359.61

14,265.86

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

Technical

Technical analysis of NASDAQ COMPOSITE INDEX in Daily shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
The Central Indicators scanner found no further results concerning independent technical indicators.

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

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	12,595.61	13,128.10	14,036.51	14,265.86	14,320.08	16,057.40
Change (%)	-11.71%	-7.98%	-1.61%	-	+0.38%	+12.56%
Change	-1,670.25	-1,137.76	-229.35	-	+54.22	+1,791.54
Level	Intermediate	Major	Major	-	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
Standard	14,075.48	14,151.05	14,208.46	14,284.03	14,341.44	14,417.01	14,474.42
Camarilla	14,229.29	14,241.48	14,253.67	14,265.86	14,278.05	14,290.24	14,302.43
Woodie	14,066.39	14,146.51	14,199.37	14,279.49	14,332.35	14,412.47	14,465.33
Fibonacci	14,151.05	14,201.85	14,233.24	14,284.03	14,334.83	14,366.22	14,417.01

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13,304.14	13,495.96	13,810.72	14,002.54	14,317.30	14,509.12	14,823.88
Camarilla	13,986.17	14,032.61	14,079.04	14,125.48	14,171.92	14,218.35	14,264.79
Woodie	13,365.61	13,526.70	13,872.19	14,033.28	14,378.77	14,539.86	14,885.35
Fibonacci	13,495.96	13,689.47	13,809.03	14,002.54	14,196.05	14,315.61	14,509.12

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11,188.41	11,866.13	12,358.69	13,036.41	13,528.97	14,206.69	14,699.25
Camarilla	12,529.41	12,636.69	12,743.96	12,851.24	12,958.52	13,065.79	13,173.07
Woodie	11,095.82	11,819.84	12,266.10	12,990.12	13,436.38	14,160.40	14,606.66
Fibonacci	11,866.13	12,313.18	12,589.37	13,036.41	13,483.46	13,759.65	14,206.69

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):	69.29
MACD (12,26,9):	260.1400
Directional Movement:	24.82
AROON (14):	100.00
DEMA (21):	14,077.59
Parabolic SAR (0,02-0,02-0,2):	13,958.25
Elder Ray (13):	356.70
Super Trend (3,10):	13,762.51
Zig ZAG (10):	14,265.86
VORTEX (21):	1.1300
Stochastique (14,3,5):	93.10
TEMA (21):	14,313.61
Williams %R (14):	-9.24
Chande Momentum Oscillator (20):	747.08
Repulse (5,40,3):	0.5000
ROCnROLL:	1
TRIX (15,9):	0.1900
Courbe Coppock:	16.10

MA7:	14,169.68
MA20:	13,589.87
MA50:	13,441.63
MA100:	13,659.61
MAexp7:	14,121.47
MAexp20:	13,784.47
MAexp50:	13,583.35
MAexp100:	13,435.12
Price / MA7:	+0.68%
Price / MA20:	+4.97%
Price / MA50:	+6.13%
Price / MA100:	+4.44%
Price / MAexp7:	+1.02%
Price / MAexp20:	+3.49%
Price / MAexp50:	+5.02%
Price / MAexp100:	+6.18%

Quotes : - 15 min delayed data - NASDAQ US Indices

News

The last news published on NASDAQ COMPOSITE INDEX at the time of the generation of this analysis was as follows:

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

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