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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 12/29/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bullish
Technical indicators
11%
61%
28%
My opinion
Bearish under 15,409.08 USD
My targets
14,776.29 USD (-1.31%)
14,358.00 USD (-4.11%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for NASDAQ COMPOSITE INDEX as long as the price remains well below 15,409.08 USD. The next bearish objective for sellers is set at 14,776.29 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 14,358.00 USD. In case of crossing, the next objective would be the support located at 14,059.12 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 14,776.29 USD. With this support, against the trend traders who want to buy NASDAQ COMPOSITE INDEX on a buy signal from their trading strategy should not hesitate to act.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
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.

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

Additional analysis

Quotes

The NASDAQ COMPOSITE INDEX price is 14,972.63 USD. The price registered a decrease of -0.81% on the session and was between 14,955.37 USD and 15,111.41 USD. This implies that the price is at +0.12% from its lowest and at -0.92% from its highest.

14,955.37
15,111.41
14,972.63

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 NASDAQ COMPOSITE INDEX in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 14,059.12 14,358.00 14,776.29 14,972.63 15,003.22 16,057.40
Change (%) -6.10% -4.11% -1.31% - +0.20% +7.25%
Change -913.51 -614.63 -196.34 - +30.59 +1,084.77
Level Minor Major Minor - Major Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15,008.7015,047.9615,071.5515,110.8115,134.4015,173.6615,197.25
Camarilla15,077.8615,083.6215,089.3815,095.1415,100.9015,106.6615,112.42
Woodie15,000.8715,044.0415,063.7215,106.8915,126.5715,169.7415,189.42
Fibonacci15,047.9615,071.9715,086.8015,110.8115,134.8215,149.6515,173.66


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14,530.0814,653.1814,823.0814,946.1815,116.0815,239.1815,409.08
Camarilla14,912.4014,939.2514,966.1114,992.9715,019.8315,046.6915,073.55
Woodie14,553.4714,664.8814,846.4714,957.8815,139.4715,250.8815,432.47
Fibonacci14,653.1814,765.1114,834.2614,946.1815,058.1115,127.2615,239.18


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11,711.8512,293.5313,259.8713,841.5514,807.8915,389.5716,355.91
Camarilla13,800.5213,942.4214,084.3214,226.2214,368.1214,510.0214,651.93
Woodie11,904.1912,389.7013,452.2113,937.7215,000.2315,485.7416,548.25
Fibonacci12,293.5312,884.8713,250.2013,841.5514,432.8914,798.2215,389.57

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): 38.10
MACD (12,26,9): 4.9000
Directional Movement: -20.48
AROON (14): -57.15
DEMA (21): 15,079.35
Parabolic SAR (0,02-0,02-0,2): 15,123.74
Elder Ray (13): -73.37
Super Trend (3,10): 15,103.72
Zig ZAG (10): 14,979.46
VORTEX (21): 0.8600
Stochastique (14,3,5): 11.25
TEMA (21): 15,046.55
Williams %R (14): -88.54
Chande Momentum Oscillator (20): -97.38
Repulse (5,40,3): -0.5600
ROCnROLL: -1
TRIX (15,9): 0.0200
Courbe Coppock: 0.33
MA7: 14,997.55
MA20: 14,689.43
MA50: 14,039.83
MA100: 13,801.56
MAexp7: 15,040.86
MAexp20: 15,062.64
MAexp50: 14,998.02
MAexp100: 14,839.78
Price / MA7: -0.17%
Price / MA20: +1.93%
Price / MA50: +6.64%
Price / MA100: +8.49%
Price / MAexp7: -0.45%
Price / MAexp20: -0.60%
Price / MAexp50: -0.17%
Price / MAexp100: +0.90%

Quotes : - 15 min delayed data - NASDAQ US Indices

News


The latest news and videos published on NASDAQ COMPOSITE INDEX at the time of the analysis were as follows:

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

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