NASDAQ COMPOSITE INDEX - 15 min. - Technical analysis published on 08/09/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 16,539.07 USD
My targets
16,815.20 USD (+0.93%)
16,970.39 USD (+1.86%)
My analysis
The bullish trend is currently very strong on NASDAQ COMPOSITE INDEX. As long as the price remains above the support at 16,539.07 USD, you could try to benefit from the boom. The first bullish objective is located at 16,815.20 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 16,970.39 USD as an objective. Crossing it would then enable buyers to target 17,246.52 USD. 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
0
10
6.1
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This analysis was given by philiptino88. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ COMPOSITE INDEX rating is 16,660.02 USD. On the day, this instrument gained +2.87% and was between 16,262.93 USD and 16,694.25 USD. This implies that the price is at +2.44% from its lowest and at -0.21% from its highest.16,262.93
16,694.25
16,660.02
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of NASDAQ COMPOSITE INDEX in 15 min. shows a strongly overall bullish trend. 82.14% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 8 technical indicators out of 18 studied are currently bullish. 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, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15,708.54 | 16,057.40 | 16,453.46 | 16,660.02 | 17,024.67 | 17,862.23 | 18,128.88 |
| Change (%) | -5.71% | -3.62% | -1.24% | - | +2.19% | +7.22% | +8.82% |
| Change | -951.48 | -602.62 | -206.56 | - | +364.65 | +1,202.21 | +1,468.86 |
| Level | Major | Major | Minor | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,952.56 | 16,107.75 | 16,383.88 | 16,539.07 | 16,815.20 | 16,970.39 | 17,246.52 |
| Camarilla | 16,541.41 | 16,580.95 | 16,620.48 | 16,660.02 | 16,699.56 | 16,739.10 | 16,778.63 |
| Woodie | 16,013.04 | 16,137.99 | 16,444.36 | 16,569.31 | 16,875.68 | 17,000.63 | 17,307.00 |
| Fibonacci | 16,107.75 | 16,272.51 | 16,374.30 | 16,539.07 | 16,703.83 | 16,805.62 | 16,970.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,099.98 | 15,841.39 | 16,308.77 | 17,050.18 | 17,517.56 | 18,258.97 | 18,726.35 |
| Camarilla | 16,443.74 | 16,554.55 | 16,665.35 | 16,776.16 | 16,886.97 | 16,997.77 | 17,108.58 |
| Woodie | 14,962.98 | 15,772.88 | 16,171.77 | 16,981.67 | 17,380.56 | 18,190.46 | 18,589.35 |
| Fibonacci | 15,841.39 | 16,303.14 | 16,588.42 | 17,050.18 | 17,511.93 | 17,797.21 | 18,258.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,197.14 | 16,106.26 | 16,852.83 | 17,761.95 | 18,508.52 | 19,417.64 | 20,164.21 |
| Camarilla | 17,144.09 | 17,295.86 | 17,447.63 | 17,599.40 | 17,751.17 | 17,902.94 | 18,054.72 |
| Woodie | 15,115.87 | 16,065.62 | 16,771.56 | 17,721.31 | 18,427.25 | 19,377.00 | 20,082.94 |
| Fibonacci | 16,106.26 | 16,738.73 | 17,129.48 | 17,761.95 | 18,394.42 | 18,785.17 | 19,417.64 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 60.80 | |
| MACD (12,26,9): | 48.3200 | |
| Directional Movement: | -0.80 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 16,663.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 16,681.42 | |
| Elder Ray (13): | 17.32 | |
| Super Trend (3,10): | 16,507.81 | |
| Zig ZAG (10): | 16,660.02 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 67.17 | |
| TEMA (21): | 16,684.63 | |
| Williams %R (14): | -20.30 | |
| Chande Momentum Oscillator (20): | 92.00 | |
| Repulse (5,40,3): | 0.3700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 1.01 |
| MA7: | 16,713.21 | |
| MA20: | 17,418.62 | |
| MA50: | 17,548.00 | |
| MA100: | 16,886.75 | |
| MAexp7: | 16,642.55 | |
| MAexp20: | 16,599.33 | |
| MAexp50: | 16,539.01 | |
| MAexp100: | 16,565.82 | |
| Price / MA7: | -0.32% | |
| Price / MA20: | -4.36% | |
| Price / MA50: | -5.06% | |
| Price / MA100: | -1.34% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +0.73% | |
| Price / MAexp100: | +0.57% |
Quotes :
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15 min delayed data
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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:
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Nasdaq Composite officially entered bear market
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Nasdaq Composite Courts Bear Market Territory
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S&P 500 And Nasdaq Composite Close To Record Highs
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Biotech Boosts S&P 500 And Nasdaq Composite
-
Nasdaq Composite Hits Record High
This member declared not having a position on this financial instrument or a related financial instrument.
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