Post an Analysis Request an analysis AI Londinia analysis
NASDAQ COMPOSITE INDEX
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 09/11/2019 (GMT)

  • Who voted?
  • 377
  • 0
Londinia
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 8,046.09 USD
My targets
8,109.69 USD (+0.32%)
8,330.21 USD (+3.04%)
My analysis
The basic bullish trend is very strong on NASDAQ Composite Index but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 8,046.09 USD. Crossing the first resistance at 8,109.69 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 8,330.21 USD as an objective. Caution, a return to below 8,046.09 USD would be a sign of a consolidation phase in the short-term basic trend. 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.

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

NASDAQ Composite Index rating 8,084.16 USD. The price registered a decrease of -0.04% on the session with the lowest point at 8,001.68 USD and the highest point at 8,084.16 USD. The deviation from the price is +1.03% for the low point and 0% for the high point.

8,001.68
8,084.16
8,084.16

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand 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 several elements:

Central Records

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



Technical


Technical analysis of this 1H chart of NASDAQ Composite Index indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is slight given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 7,847.06 7,918.46 8,046.09 8,084.16 8,109.69 8,330.21
Change (%) -2.93% -2.05% -0.47% - +0.32% +3.04%
Change -237.10 -165.70 -38.07 - +25.53 +246.05
Level Intermediate Minor Intermediate - Major Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7,969.998,011.178,049.308,090.488,128.618,169.798,207.92
Camarilla8,065.638,072.908,080.178,087.448,094.718,101.988,109.25
Woodie7,968.478,010.418,047.788,089.728,127.098,169.038,206.40
Fibonacci8,011.178,041.478,060.188,090.488,120.788,139.498,169.79


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7,635.037,741.177,922.128,028.278,209.228,315.378,496.32
Camarilla8,024.128,050.448,076.768,103.078,129.398,155.718,182.03
Woodie7,672.437,759.887,959.538,046.978,246.628,334.078,533.72
Fibonacci7,741.177,850.857,918.608,028.278,137.948,205.708,315.37


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6,998.707,330.807,646.847,978.948,294.988,627.088,943.12
Camarilla7,784.647,844.067,903.477,962.888,022.308,081.718,141.12
Woodie6,990.677,326.797,638.817,974.938,286.958,623.078,935.09
Fibonacci7,330.807,578.397,731.357,978.948,226.538,379.498,627.08

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 54.71
MACD (12,26,9): 5.3600
Directional Movement: 1.90
AROON (14): -50.00
DEMA (21): 8,078.21
Parabolic SAR (0,02-0,02-0,2): 8,086.81
Elder Ray (13): -4.33
Super Trend (3,10): 8,126.50
Zig ZAG (10): 8,084.16
VORTEX (21): 0.8500
Stochastique (14,3,5): 45.39
TEMA (21): 8,057.54
Williams %R (14): -36.55
Chande Momentum Oscillator (20): -35.57
Repulse (5,40,3): 0.6900
ROCnROLL: 1
TRIX (15,9): 0.0300
Courbe Coppock: 1.44
MA7: 8,029.35
MA20: 7,944.20
MA50: 8,056.12
MA100: 7,957.80
MAexp7: 8,061.76
MAexp20: 8,064.90
MAexp50: 8,029.97
MAexp100: 7,995.55
Price / MA7: +0.68%
Price / MA20: +1.76%
Price / MA50: +0.35%
Price / MA100: +1.59%
Price / MAexp7: +0.28%
Price / MAexp20: +0.24%
Price / MAexp50: +0.67%
Price / MAexp100: +1.11%

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.

About author

Londinia
Londinia AI

Online

Overall rating :
15111
Number of analyses :
72919
Followers :
0
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

Add a comment

no pic

Comments

0 comments on the analysis NASDAQ COMPOSITE INDEX - 1H

NEW !