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 08/16/2019

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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
28%
50%
22%
My opinion
Bearish under 7,833.97 USD
My targets
7,662.90 USD (-1.34%)
7,596.66 USD (-2.19%)
My analysis
The bearish trend is currently very strong for NASDAQ Composite Index. As long as the price remains below the resistance at 7,833.97 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

NASDAQ Composite Index rating 7,766.62 USD. The price registered a decrease of -0.09% on the session with the lowest point at 7,716.55 USD and the highest point at 7,805.93 USD. The deviation from the price is +0.65% for the low point and -0.50% for the high point.

7,716.55
7,805.93
7,766.62

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


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. 92.86% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

On the 18 technical indicators analysed, 5 are bullish, 4 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

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 7,766.62 7,833.97 7,891.39 8,109.69
Change (%) -5.58% -2.19% -1.34% - +0.87% +1.61% +4.42%
Change -433.60 -169.96 -103.72 - +67.35 +124.77 +343.07
Level Intermediate Major Intermediate - Minor Minor 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
Standard7,587.037,674.957,724.457,812.367,861.867,949.787,999.27
Camarilla7,736.157,748.757,761.347,773.947,786.547,799.137,811.73
Woodie7,567.827,665.357,705.237,802.767,842.657,940.177,980.06
Fibonacci7,674.957,727.447,759.877,812.367,864.867,897.287,949.78


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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 39.80
MACD (12,26,9): -48.8700
Directional Movement: -16.34
AROON (14): -92.86
DEMA (21): 7,764.78
Parabolic SAR (0,02-0,02-0,2): 7,814.40
Elder Ray (13): -25.41
Super Trend (3,10): 7,884.81
Zig ZAG (10): 7,766.62
VORTEX (21): 1.0100
Stochastique (14,3,5): 13.64
TEMA (21): 7,733.76
Williams %R (14): -72.75
Chande Momentum Oscillator (20): -69.97
Repulse (5,40,3): -0.0300
ROCnROLL: 2
TRIX (15,9): -0.0700
Courbe Coppock: 5.05
MA7: 7,897.35
MA20: 8,059.53
MA50: 8,031.05
MA100: 7,943.21
MAexp7: 7,768.51
MAexp20: 7,823.43
MAexp50: 7,887.66
MAexp100: 7,961.57
Price / MA7: -1.66%
Price / MA20: -3.63%
Price / MA50: -3.29%
Price / MA100: -2.22%
Price / MAexp7: -0.02%
Price / MAexp20: -0.73%
Price / MAexp50: -1.53%
Price / MAexp100: -2.45%

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 instrument.

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