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 - Daily - Technical analysis published on 10/07/2019

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 8,109.69 USD
My targets
7,726.04 USD (-2.81%)
7,532.53 USD (-5.25%)
My analysis
NASDAQ COMPOSITE INDEX is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 8,109.69 USD. The next support located at 7,726.04 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 7,532.53 USD. Below this support, sellers could then target 7,333.02 USD.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.1

Complete this analysis for another time unit:
15 min. 1H 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 rating is 7,949.49 USD. The price is lower by -0.41% since the last closing and was traded between 7,942.08 USD and 7,971.05 USD over the period. The price is currently at +0.09% from its lowest and -0.27% from its highest.

7,942.08
7,971.05
7,949.49

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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:

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 Daily chart of NASDAQ COMPOSITE INDEX indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily



In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily



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

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Upside gap

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 7,333.02 7,532.53 7,726.04 7,949.49 8,109.69 8,330.21
Change (%) -7.75% -5.25% -2.81% - +2.02% +4.79%
Change -616.47 -416.96 -223.45 - +160.20 +380.72
Level Intermediate Minor Major - Major Minor



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
Standard7,838.487,868.937,925.707,956.168,012.938,043.398,100.16
Camarilla7,958.497,966.487,974.487,982.477,990.477,998.478,006.46
Woodie7,851.637,875.517,938.867,962.748,026.098,049.978,113.32
Fibonacci7,868.937,902.267,922.847,956.167,989.498,010.078,043.39


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7,404.987,552.497,767.487,914.998,129.988,277.498,492.48
Camarilla7,882.797,916.027,949.257,982.478,015.708,048.938,082.16
Woodie7,438.737,569.367,801.227,931.868,163.728,294.368,526.22
Fibonacci7,552.497,690.977,776.527,914.998,053.478,139.028,277.49


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7,420.037,633.677,816.518,030.158,212.998,426.638,609.47
Camarilla7,890.317,926.657,962.997,999.348,035.688,072.038,108.37
Woodie7,404.627,625.977,801.108,022.458,197.588,418.938,594.06
Fibonacci7,633.677,785.137,878.708,030.158,181.618,275.188,426.63

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): 47.20
MACD (12,26,9): -31.9300
Directional Movement: -10.62
AROON (14): -71.42
DEMA (21): 7,967.98
Parabolic SAR (0,02-0,02-0,2): 8,045.44
Elder Ray (13): -22.04
Super Trend (3,10): 8,144.52
Zig ZAG (10): 7,961.01
VORTEX (21): 0.9100
Stochastique (14,3,5): 44.49
TEMA (21): 7,931.88
Williams %R (14): -51.27
Chande Momentum Oscillator (20): -221.69
Repulse (5,40,3): 1.1800
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 5.45
MA7: 7,920.61
MA20: 8,055.11
MA50: 8,000.86
MA100: 7,967.27
MAexp7: 7,945.90
MAexp20: 7,997.75
MAexp50: 8,009.08
MAexp100: 7,958.74
Price / MA7: +0.36%
Price / MA20: -1.31%
Price / MA50: -0.64%
Price / MA100: -0.22%
Price / MAexp7: +0.05%
Price / MAexp20: -0.60%
Price / MAexp50: -0.74%
Price / MAexp100: -0.12%

News


Don"t forget to follow the news on NASDAQ COMPOSITE INDEX. At the time of publication of this analysis, the latest news was as follows:

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

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