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 12/05/2019 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Neutral
De fond: Slightly bullish
Technical indicators
61%
6%
33%
My opinion
Neutral between 8,506.21 USD and 8,659.73 USD
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 8,659.73 USD. The first support is located at 8,506.21 USD. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.

In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.

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.

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

The NASDAQ COMPOSITE INDEX price is 8,566.67 USD. On the day, this instrument gained +0.54% and was traded between 8,552.38 USD and 8,584.88 USD over the period. The price is currently at +0.17% from its lowest and -0.21% from its highest.

8,552.38
8,584.88
8,566.67

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by NASDAQ COMPOSITE INDEX:
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 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 slightly bullish. 57.14% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8,378.71 8,437.46 8,506.21 8,566.67 8,587.17 8,659.73 8,705.17
Change (%) -2.19% -1.51% -0.71% - +0.24% +1.09% +1.62%
Change -187.96 -129.21 -60.46 - +20.50 +93.06 +138.50
Level Minor Major Intermediate - Intermediate Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8,374.138,404.778,462.708,493.348,551.288,581.928,639.85
Camarilla8,496.288,504.408,512.528,520.648,528.768,536.888,545.00
Woodie8,387.788,411.598,476.368,500.178,564.938,588.748,653.51
Fibonacci8,404.778,438.608,459.518,493.348,527.188,548.088,581.92


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8,435.478,497.568,581.528,643.618,727.568,789.658,873.61
Camarilla8,625.318,638.708,652.088,665.478,678.868,692.258,705.63
Woodie8,446.408,503.038,592.458,649.078,738.498,795.128,884.54
Fibonacci8,497.568,553.358,587.828,643.618,699.398,733.868,789.65


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8,046.998,186.778,426.128,565.918,805.268,945.049,184.39
Camarilla8,561.218,595.968,630.728,665.478,700.238,734.988,769.73
Woodie8,096.778,211.668,475.908,590.808,855.048,969.939,234.17
Fibonacci8,186.778,331.608,421.088,565.918,710.748,800.218,945.04

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): 49.47
MACD (12,26,9): -9.4300
Directional Movement: -0.83
AROON (14): -7.14
DEMA (21): 8,546.69
Parabolic SAR (0,02-0,02-0,2): 8,482.83
Elder Ray (13): 15.89
Super Trend (3,10): 8,503.86
Zig ZAG (10): 8,566.67
VORTEX (21): 0.9400
Stochastique (14,3,5): 90.84
TEMA (21): 8,545.57
Williams %R (14): -12.18
Chande Momentum Oscillator (20): 102.96
Repulse (5,40,3): -0.0600
ROCnROLL: -1
TRIX (15,9): -0.0400
Courbe Coppock: 0.32
MA7: 8,615.20
MA20: 8,537.63
MA50: 8,277.55
MA100: 8,164.75
MAexp7: 8,564.20
MAexp20: 8,563.23
MAexp50: 8,574.09
MAexp100: 8,546.91
Price / MA7: -0.56%
Price / MA20: +0.34%
Price / MA50: +3.49%
Price / MA100: +4.92%
Price / MAexp7: +0.03%
Price / MAexp20: +0.04%
Price / MAexp50: -0.09%
Price / MAexp100: +0.23%

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

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