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 09/30/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

50%

33%

My opinion

Bullish above 17,907.64 USD

My targets

18,283.41 USD (+0.94%)

18,647.45 USD (+2.95%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 17,907.64 USD remains possible. It is advisable to trade NASDAQ COMPOSITE INDEX with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 17,907.64 USD. The next bullish objective for buyers is set at 18,283.41 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 18,647.45 USD. PS: if there is a bearish break in the support located at 17,907.64 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.4

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 18,112.69 USD. The price is lower by -0.04% since the last closing and was traded between 18,058.40 USD and 18,165.94 USD over the period. The price is currently at +0.30% from its lowest and -0.29% from its highest.

18,058.40

18,165.94

18,112.69

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:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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 bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. The Central Indicators scanner found no further results concerning independent technical indicators.

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	17,295.58	17,907.64	18,098.33	18,112.69	18,283.41	18,647.45
Change (%)	-4.51%	-1.13%	-0.08%	-	+0.94%	+2.95%
Change	-817.11	-205.05	-14.36	-	+170.72	+534.76
Level	Minor	Major	Minor	-	Intermediate	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	17,877.32	17,973.25	18,046.42	18,142.35	18,215.52	18,311.45	18,384.62
Camarilla	18,073.09	18,088.59	18,104.09	18,119.59	18,135.09	18,150.59	18,166.09
Woodie	17,865.94	17,967.56	18,035.04	18,136.66	18,204.14	18,305.76	18,373.24
Fibonacci	17,973.25	18,037.85	18,077.75	18,142.35	18,206.95	18,246.85	18,311.45

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17,415.57	17,639.48	17,879.53	18,103.44	18,343.49	18,567.40	18,807.45
Camarilla	17,992.00	18,034.53	18,077.06	18,119.59	18,162.12	18,204.65	18,247.18
Woodie	17,423.65	17,643.52	17,887.61	18,107.48	18,351.57	18,571.44	18,815.53
Fibonacci	17,639.48	17,816.71	17,926.20	18,103.44	18,280.67	18,390.16	18,567.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13,966.40	14,837.47	16,275.55	17,146.62	18,584.70	19,455.77	20,893.85
Camarilla	17,078.61	17,290.29	17,501.96	17,713.63	17,925.30	18,136.97	18,348.65
Woodie	14,249.91	14,979.22	16,559.06	17,288.37	18,868.21	19,597.52	21,177.36
Fibonacci	14,837.47	15,719.57	16,264.53	17,146.62	18,028.72	18,573.68	19,455.77

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):	47.45
MACD (12,26,9):	23.1100
Directional Movement:	-6.79
AROON (14):	-100.00
DEMA (21):	18,164.71
Parabolic SAR (0,02-0,02-0,2):	18,261.95
Elder Ray (13):	-37.52
Super Trend (3,10):	18,071.56
Zig ZAG (10):	18,091.23
VORTEX (21):	0.8600
Stochastique (14,3,5):	23.32
TEMA (21):	18,135.94
Williams %R (14):	-72.54
Chande Momentum Oscillator (20):	-19.94
Repulse (5,40,3):	0.1800
ROCnROLL:	-1
TRIX (15,9):	0.0300
Courbe Coppock:	0.03

MA7:	18,069.58
MA20:	17,593.75
MA50:	17,435.67
MA100:	17,429.11
MAexp7:	18,127.65
MAexp20:	18,122.95
MAexp50:	18,017.82
MAexp100:	17,834.77
Price / MA7:	+0.24%
Price / MA20:	+2.95%
Price / MA50:	+3.88%
Price / MA100:	+3.92%
Price / MAexp7:	-0.08%
Price / MAexp20:	-0.05%
Price / MAexp50:	+0.53%
Price / MAexp100:	+1.56%

Quotes : - 15 min delayed data - NASDAQ US Indices

News

The last news published on NASDAQ COMPOSITE INDEX at the time of the generation of this analysis was as follows:

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

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