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 03/18/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

17%

22%

My opinion

Bullish above 16,136.04 USD

My targets

16,449.70 USD (+1.43%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NASDAQ COMPOSITE INDEX as long as the price remains well above 16,136.04 USD. The buyers' bullish objective is set at 16,449.70 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.4

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

Additional analysis

Quotes

The NASDAQ COMPOSITE INDEX price is 16,217.78 USD. On the day, this instrument gained +1.53% and was traded between 16,154.92 USD and 16,246.65 USD over the period. The price is currently at +0.39% from its lowest and -0.18% from its highest.

16,154.92

16,246.65

16,217.78

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of NASDAQ COMPOSITE INDEX indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	15,922.28	16,057.40	16,136.04	16,217.78	16,246.15	16,449.70
Change (%)	-1.82%	-0.99%	-0.50%	-	+0.17%	+1.43%
Change	-295.50	-160.38	-81.74	-	+28.37	+231.92
Level	Major	Major	Intermediate	-	Minor	Minor

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
Standard	15,784.86	15,855.38	15,914.28	15,984.80	16,043.70	16,114.22	16,173.12
Camarilla	15,937.58	15,949.44	15,961.31	15,973.17	15,985.03	15,996.90	16,008.76
Woodie	15,779.04	15,852.48	15,908.46	15,981.90	16,037.88	16,111.32	16,167.30
Fibonacci	15,855.38	15,904.82	15,935.37	15,984.80	16,034.24	16,064.79	16,114.22

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15,491.36	15,708.64	15,840.90	16,058.18	16,190.44	16,407.72	16,539.98
Camarilla	15,877.05	15,909.09	15,941.13	15,973.17	16,005.21	16,037.25	16,069.29
Woodie	15,448.86	15,687.39	15,798.40	16,036.93	16,147.94	16,386.47	16,497.48
Fibonacci	15,708.64	15,842.16	15,924.65	16,058.18	16,191.70	16,274.19	16,407.72

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14,563.79	14,886.33	15,489.13	15,811.67	16,414.47	16,737.01	17,339.81
Camarilla	15,837.45	15,922.27	16,007.10	16,091.92	16,176.74	16,261.57	16,346.39
Woodie	14,703.91	14,956.40	15,629.25	15,881.74	16,554.59	16,807.08	17,479.93
Fibonacci	14,886.33	15,239.81	15,458.19	15,811.67	16,165.15	16,383.53	16,737.01

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):	58.57
MACD (12,26,9):	-30.4700
Directional Movement:	4.21
AROON (14):	-71.43
DEMA (21):	16,044.44
Parabolic SAR (0,02-0,02-0,2):	15,925.91
Elder Ray (13):	125.26
Super Trend (3,10):	15,916.56
Zig ZAG (10):	16,222.98
VORTEX (21):	0.8400
Stochastique (14,3,5):	44.70
TEMA (21):	16,021.61
Williams %R (14):	-2.03
Chande Momentum Oscillator (20):	70.09
Repulse (5,40,3):	0.4200
ROCnROLL:	1
TRIX (15,9):	-0.0300
Courbe Coppock:	1.75

MA7:	16,124.08
MA20:	16,043.65
MA50:	15,651.94
MA100:	14,892.92
MAexp7:	16,058.02
MAexp20:	16,080.96
MAexp50:	16,106.08
MAexp100:	16,068.09
Price / MA7:	+0.58%
Price / MA20:	+1.09%
Price / MA50:	+3.62%
Price / MA100:	+8.90%
Price / MAexp7:	+0.99%
Price / MAexp20:	+0.85%
Price / MAexp50:	+0.69%
Price / MAexp100:	+0.93%

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.

About author

Londinia AI

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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…