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 02/05/2024 (GMT)

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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

72%

28%

My opinion

Bullish above 15,374.33 USD

My targets

16,057.40 USD (+2.74%)

My analysis

NASDAQ COMPOSITE INDEX is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 15,374.33 USD. The next resistance located at 16,057.40 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.4

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

Additional analysis

Quotes

The NASDAQ COMPOSITE INDEX rating is 15,628.95 USD. The price has increased by +1.74% since the last closing with the lowest point at 15,366.78 USD and the highest point at 15,664.21 USD. The deviation from the price is +1.71% for the low point and -0.23% for the high point.

15,366.78

15,664.21

15,628.95

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

A technical analysis in Daily of this NASDAQ COMPOSITE INDEX chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

Price

	S3	S2	S1	Price	R1
ProTrendLines	13,291.23	14,358.00	15,374.33	15,628.95	16,057.40
Change (%)	-14.96%	-8.13%	-1.63%	-	+2.74%
Change	-2,337.72	-1,270.95	-254.62	-	+428.45
Level	Minor	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	15,144.99	15,255.88	15,442.42	15,553.31	15,739.85	15,850.74	16,037.28
Camarilla	15,547.16	15,574.42	15,601.69	15,628.95	15,656.21	15,683.48	15,710.74
Woodie	15,182.81	15,274.79	15,480.24	15,572.22	15,777.67	15,869.65	16,075.10
Fibonacci	15,255.88	15,369.50	15,439.70	15,553.31	15,666.93	15,737.13	15,850.74

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14,797.84	14,978.16	15,303.56	15,483.88	15,809.28	15,989.60	16,315.00
Camarilla	15,489.88	15,536.24	15,582.59	15,628.95	15,675.31	15,721.67	15,768.02
Woodie	14,870.37	15,014.43	15,376.09	15,520.15	15,881.81	16,025.87	16,387.53
Fibonacci	14,978.16	15,171.35	15,290.70	15,483.88	15,677.07	15,796.42	15,989.60

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13,397.85	13,937.71	14,550.86	15,090.72	15,703.87	16,243.73	16,856.88
Camarilla	14,846.93	14,952.63	15,058.32	15,164.01	15,269.70	15,375.40	15,481.09
Woodie	13,434.50	13,956.03	14,587.51	15,109.04	15,740.52	16,262.05	16,893.53
Fibonacci	13,937.71	14,378.16	14,650.27	15,090.72	15,531.17	15,803.28	16,243.73

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):	64.44
MACD (12,26,9):	210.3200
Directional Movement:	16.44
AROON (14):	85.71
DEMA (21):	15,523.32
Parabolic SAR (0,02-0,02-0,2):	15,158.49
Elder Ray (13):	168.09
Super Trend (3,10):	15,048.58
Zig ZAG (10):	15,628.95
VORTEX (21):	1.1300
Stochastique (14,3,5):	72.25
TEMA (21):	15,535.68
Williams %R (14):	-3.68
Chande Momentum Oscillator (20):	773.33
Repulse (5,40,3):	1.8800
ROCnROLL:	1
TRIX (15,9):	0.2000
Courbe Coppock:	7.75

MA7:	15,465.49
MA20:	15,191.56
MA50:	14,824.67
MA100:	14,124.36
MAexp7:	15,436.27
MAexp20:	15,241.01
MAexp50:	14,834.07
MAexp100:	14,368.95
Price / MA7:	+1.06%
Price / MA20:	+2.88%
Price / MA50:	+5.43%
Price / MA100:	+10.65%
Price / MAexp7:	+1.25%
Price / MAexp20:	+2.55%
Price / MAexp50:	+5.36%
Price / MAexp100:	+8.77%

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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