NASDAQ COMPOSITE INDEX - 1H - Technical analysis published on 08/27/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 7,891.39 USD
My targets
7,834.12 USD (-0.25%)
7,726.04 USD (-1.63%)
My analysis
In the short term, we can see an acceleration in the bearish trend on NASDAQ Composite Index, which is a positive signal for sellers. As long as the price remains above 7,891.39 USD, a sale could be considered. The first bearish objective is located at 7,834.12 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7,726.04 USD as an objective. Crossing it would then enable sellers to target 7,662.90 USD. If the price were to return above 7,891.39 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ Composite Index price is 7,853.74 USD. On the day, this instrument gained +1.32% and was traded between 7,789.05 USD and 7,854.69 USD over the period. The price is currently at +0.83% from its lowest and -0.01% from its highest.7,789.05
7,854.69
7,853.74
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NASDAQ Composite Index chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7,662.90 | 7,726.04 | 7,834.12 | 7,853.74 | 7,891.39 | 7,949.95 | 8,046.09 |
| Change (%) | -2.43% | -1.63% | -0.25% | - | +0.48% | +1.23% | +2.45% |
| Change | -190.84 | -127.70 | -19.62 | - | +37.65 | +96.21 | +192.35 |
| Level | Intermediate | Major | Minor | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,378.67 | 7,554.72 | 7,653.24 | 7,829.29 | 7,927.82 | 8,103.87 | 8,202.39 |
| Camarilla | 7,676.26 | 7,701.43 | 7,726.60 | 7,751.77 | 7,776.94 | 7,802.10 | 7,827.27 |
| Woodie | 7,339.91 | 7,535.34 | 7,614.48 | 7,809.91 | 7,889.05 | 8,084.49 | 8,163.63 |
| Fibonacci | 7,554.72 | 7,659.61 | 7,724.41 | 7,829.29 | 7,934.18 | 7,998.98 | 8,103.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,321.02 | 7,525.90 | 7,638.83 | 7,843.71 | 7,956.64 | 8,161.52 | 8,274.45 |
| Camarilla | 7,664.37 | 7,693.50 | 7,722.63 | 7,751.77 | 7,780.90 | 7,810.03 | 7,839.16 |
| Woodie | 7,275.05 | 7,502.91 | 7,592.86 | 7,820.72 | 7,910.67 | 8,138.53 | 8,228.48 |
| Fibonacci | 7,525.90 | 7,647.30 | 7,722.30 | 7,843.71 | 7,965.11 | 8,040.11 | 8,161.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,762.91 | 7,911.10 | 8,043.26 | 8,191.45 | 8,323.61 | 8,471.80 | 8,603.96 |
| Camarilla | 8,098.32 | 8,124.02 | 8,149.72 | 8,175.42 | 8,201.12 | 8,226.82 | 8,252.52 |
| Woodie | 7,754.90 | 7,907.09 | 8,035.25 | 8,187.44 | 8,315.60 | 8,467.79 | 8,595.95 |
| Fibonacci | 7,911.10 | 8,018.19 | 8,084.36 | 8,191.45 | 8,298.54 | 8,364.71 | 8,471.80 |
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): | 45.69 | |
| MACD (12,26,9): | -36.7600 | |
| Directional Movement: | -9.60 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 7,822.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,730.77 | |
| Elder Ray (13): | -9.69 | |
| Super Trend (3,10): | 7,909.31 | |
| Zig ZAG (10): | 7,853.74 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 37.95 | |
| TEMA (21): | 7,795.77 | |
| Williams %R (14): | -55.22 | |
| Chande Momentum Oscillator (20): | -126.23 | |
| Repulse (5,40,3): | 0.4300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 3.64 |
| MA7: | 7,923.49 | |
| MA20: | 7,943.47 | |
| MA50: | 8,051.75 | |
| MA100: | 7,954.79 | |
| MAexp7: | 7,834.45 | |
| MAexp20: | 7,868.70 | |
| MAexp50: | 7,906.47 | |
| MAexp100: | 7,939.12 | |
| Price / MA7: | -0.88% | |
| Price / MA20: | -1.13% | |
| Price / MA50: | -2.46% | |
| Price / MA100: | -1.27% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | -0.67% | |
| Price / MAexp100: | -1.08% |
News
The latest news and videos published on NASDAQ Composite Index at the time of the analysis were as follows:
-
Nasdaq Composite officially entered bear market
-
Nasdaq Composite Courts Bear Market Territory
-
S&P 500 And Nasdaq Composite Close To Record Highs
-
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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