NASDAQ COMPOSITE INDEX
NASDAQ COMPOSITE INDEX
8,734.88 USD (+0.20%)
15 min delay - NASDAQ US Indices
Open: 8,713.91
Change: +17.56
Volume: 6,159,659
Low: 8,697.58
High: 8,768.87
High / Low range: 71.29
Type: Indices
Ticker: COMP
ISIN: XC0009694271

NASDAQ COMPOSITE INDEX - 1H - Technical analysis published on 08/13/2019

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 7,891.39 USD
My targets
7,662.90 USD (-2.55%)
7,596.66 USD (-3.39%)
My analysis
The bearish trend is currently very strong for NASDAQ Composite Index. As long as the price remains below the resistance at 7,891.39 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 7,662.90 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7,596.66 USD as an objective. Crossing it would then enable sellers to target 7,333.02 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.

Complete this analysis for another time unit:
15 min. Daily Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 product 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 analysis. 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.

Additional analysis

Quotes

The NASDAQ Composite Index price is 7,863.41 USD. The price is lower by -1.20% since the last closing and was between 7,833.79 USD and 7,924.99 USD. This implies that the price is at +0.38% from its lowest and at -0.78% from its highest.

7,833.79
7,924.99
7,863.41

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

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of NASDAQ Composite Index in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour



On the 18 technical indicators analysed, 4 are bullish, 3 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7,333.02 7,596.66 7,662.90 7,863.41 7,891.39 8,109.69 8,230.01
Change (%) -6.75% -3.39% -2.55% - +0.36% +3.13% +4.66%
Change -530.39 -266.75 -200.51 - +27.98 +246.28 +366.60
Level Intermediate Major Major - Major Major Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7,795.937,853.147,906.147,963.358,016.358,073.568,126.56
Camarilla7,928.837,938.947,949.047,959.147,969.247,979.357,989.45
Woodie7,793.837,852.097,904.047,962.308,014.258,072.518,124.46
Fibonacci7,853.147,895.247,921.257,963.358,005.458,031.468,073.56


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7,356.107,509.507,734.327,887.728,112.548,265.948,490.76
Camarilla7,855.137,889.807,924.477,959.147,993.818,028.488,063.15
Woodie7,391.817,527.367,770.037,905.588,148.258,283.808,526.47
Fibonacci7,509.507,653.987,743.247,887.728,032.208,121.468,265.94


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7,762.917,911.108,043.268,191.458,323.618,471.808,603.96
Camarilla8,098.328,124.028,149.728,175.428,201.128,226.828,252.52
Woodie7,754.907,907.098,035.258,187.448,315.608,467.798,595.95
Fibonacci7,911.108,018.198,084.368,191.458,298.548,364.718,471.80

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): 42.54
MACD (12,26,9): -11.6500
Directional Movement: -14.02
AROON (14): -92.86
DEMA (21): 7,902.64
Parabolic SAR (0,02-0,02-0,2): 7,945.79
Elder Ray (13): -52.70
Super Trend (3,10): 7,980.31
Zig ZAG (10): 7,863.41
VORTEX (21): 0.9700
Stochastique (14,3,5): 6.95
TEMA (21): 7,904.50
Williams %R (14): -84.14
Chande Momentum Oscillator (20): -99.77
Repulse (5,40,3): -0.2800
ROCnROLL: 2
TRIX (15,9): 0.0100
Courbe Coppock: 2.37
MA7: 7,898.27
MA20: 8,112.45
MA50: 8,008.63
MA100: 7,938.83
MAexp7: 7,888.23
MAexp20: 7,912.82
MAexp50: 7,949.00
MAexp100: 8,019.12
Price / MA7: -0.44%
Price / MA20: -3.07%
Price / MA50: -1.81%
Price / MA100: -0.95%
Price / MAexp7: -0.31%
Price / MAexp20: -0.62%
Price / MAexp50: -1.08%
Price / MAexp100: -1.94%

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 instrument.

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