NASDAQ COMPOSITE INDEX - 1H - Technical analysis published on 12/05/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
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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.
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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 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.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NASDAQ COMPOSITE INDEX:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 8,374.13 | 8,404.77 | 8,462.70 | 8,493.34 | 8,551.28 | 8,581.92 | 8,639.85 |
Camarilla | 8,496.28 | 8,504.40 | 8,512.52 | 8,520.64 | 8,528.76 | 8,536.88 | 8,545.00 |
Woodie | 8,387.78 | 8,411.59 | 8,476.36 | 8,500.17 | 8,564.93 | 8,588.74 | 8,653.51 |
Fibonacci | 8,404.77 | 8,438.60 | 8,459.51 | 8,493.34 | 8,527.18 | 8,548.08 | 8,581.92 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8,435.47 | 8,497.56 | 8,581.52 | 8,643.61 | 8,727.56 | 8,789.65 | 8,873.61 |
Camarilla | 8,625.31 | 8,638.70 | 8,652.08 | 8,665.47 | 8,678.86 | 8,692.25 | 8,705.63 |
Woodie | 8,446.40 | 8,503.03 | 8,592.45 | 8,649.07 | 8,738.49 | 8,795.12 | 8,884.54 |
Fibonacci | 8,497.56 | 8,553.35 | 8,587.82 | 8,643.61 | 8,699.39 | 8,733.86 | 8,789.65 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8,046.99 | 8,186.77 | 8,426.12 | 8,565.91 | 8,805.26 | 8,945.04 | 9,184.39 |
Camarilla | 8,561.21 | 8,595.96 | 8,630.72 | 8,665.47 | 8,700.23 | 8,734.98 | 8,769.73 |
Woodie | 8,096.77 | 8,211.66 | 8,475.90 | 8,590.80 | 8,855.04 | 8,969.93 | 9,234.17 |
Fibonacci | 8,186.77 | 8,331.60 | 8,421.08 | 8,565.91 | 8,710.74 | 8,800.21 | 8,945.04 |
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% |
News
The last news published on NASDAQ COMPOSITE INDEX at the time of the generation of this analysis was 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.
About author
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…
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