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 05/31/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

22%

61%

17%

My opinion

Bearish under 16,788.61 USD

My targets

16,437.74 USD (-1.78%)

16,057.40 USD (-4.05%)

My analysis

The current short-term bearish acceleration registered on NASDAQ COMPOSITE INDEX should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 16,788.61 USD. Short-term sellers will use the support located at 16,437.74 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 16,057.40 USD. Crossing this support would then open the door for sellers to target 15,557.60 USD. Caution, if there is a return to below 16,788.61 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

2.3

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

NASDAQ COMPOSITE INDEX rating 16,735.35 USD. On the day, this instrument lost -0.01% and was between 16,733.97 USD and 16,780.49 USD. This implies that the price is at +0.01% from its lowest and at -0.27% from its highest.

16,733.97

16,780.49

16,735.35

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

Technical

A technical analysis in 1H of this NASDAQ COMPOSITE INDEX chart shows a neutral trend. This indecision could turn into a bearish trend due to the strong bearish 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	15,557.60	16,057.40	16,437.74	16,735.35	16,788.61	17,032.66
Change (%)	-7.04%	-4.05%	-1.78%	-	+0.32%	+1.78%
Change	-1,177.75	-677.95	-297.61	-	+53.26	+297.31
Level	Intermediate	Major	Major	-	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16,441.37	16,565.87	16,651.47	16,775.97	16,861.57	16,986.07	17,071.67
Camarilla	16,679.30	16,698.56	16,717.82	16,737.08	16,756.34	16,775.60	16,794.86
Woodie	16,421.93	16,556.15	16,632.03	16,766.25	16,842.13	16,976.35	17,052.23
Fibonacci	16,565.87	16,646.13	16,695.71	16,775.97	16,856.23	16,905.81	16,986.07

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16,415.97	16,547.17	16,733.98	16,865.18	17,051.99	17,183.19	17,370.00
Camarilla	16,833.34	16,862.49	16,891.64	16,920.79	16,949.94	16,979.09	17,008.24
Woodie	16,443.78	16,561.07	16,761.79	16,879.08	17,079.80	17,197.09	17,397.81
Fibonacci	16,547.17	16,668.65	16,743.70	16,865.18	16,986.66	17,061.71	17,183.19

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13,822.31	14,522.55	15,090.18	15,790.42	16,358.05	17,058.29	17,625.92
Camarilla	15,309.16	15,425.38	15,541.60	15,657.82	15,774.04	15,890.26	16,006.48
Woodie	13,756.02	14,489.40	15,023.89	15,757.27	16,291.76	17,025.14	17,559.63
Fibonacci	14,522.55	15,006.87	15,306.09	15,790.42	16,274.74	16,573.96	17,058.29

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	35.08
MACD (12,26,9):	-23.5400
Directional Movement:	-24.20
AROON (14):	-100.00
DEMA (21):	16,858.40
Parabolic SAR (0,02-0,02-0,2):	16,966.90
Elder Ray (13):	-105.83
Super Trend (3,10):	16,946.82
Zig ZAG (10):	16,737.08
VORTEX (21):	0.8100
Stochastique (14,3,5):	18.69
TEMA (21):	16,807.70
Williams %R (14):	-84.39
Chande Momentum Oscillator (20):	-236.36
Repulse (5,40,3):	-0.6100
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	1.85

MA7:	16,852.65
MA20:	16,572.92
MA50:	16,253.24
MA100:	15,968.04
MAexp7:	16,822.20
MAexp20:	16,874.72
MAexp50:	16,842.65
MAexp100:	16,704.27
Price / MA7:	-0.70%
Price / MA20:	+0.98%
Price / MA50:	+2.97%
Price / MA100:	+4.81%
Price / MAexp7:	-0.52%
Price / MAexp20:	-0.83%
Price / MAexp50:	-0.64%
Price / MAexp100:	+0.19%

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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