NASDAQ INSURANCE INDEX - Daily - Technical analysis published on 05/30/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 11,329.50 USD
My targets
10,868.67 USD (-1.95%)
10,302.90 USD (-7.06%)
My analysis
NASDAQ INSURANCE 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 11,329.50 USD. The next support located at 10,868.67 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 10,302.90 USD. Below this support, sellers could then target 9,875.18 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.3
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Additional analysis
Quotes
The NASDAQ INSURANCE INDEX rating is 11,085.12 USD. On the day, this instrument lost -0.04% and was traded between 11,051.31 USD and 11,151.76 USD over the period. The price is currently at +0.31% from its lowest and -0.60% from its highest.11,051.31
11,151.76
11,085.12
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 (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this NASDAQ INSURANCE INDEX chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9,875.18 | 10,302.90 | 10,981.20 | 11,085.12 | 11,329.50 | 11,693.50 | 12,198.00 |
| Change (%) | -10.91% | -7.06% | -0.94% | - | +2.20% | +5.49% | +10.04% |
| Change | -1,209.94 | -782.22 | -103.92 | - | +244.38 | +608.38 | +1,112.88 |
| Level | Intermediate | Minor | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,969.66 | 11,022.27 | 11,056.04 | 11,108.65 | 11,142.42 | 11,195.03 | 11,228.80 |
| Camarilla | 11,066.05 | 11,073.96 | 11,081.88 | 11,089.80 | 11,097.72 | 11,105.64 | 11,113.56 |
| Woodie | 10,960.23 | 11,017.56 | 11,046.61 | 11,103.94 | 11,132.99 | 11,190.32 | 11,219.37 |
| Fibonacci | 11,022.27 | 11,055.27 | 11,075.66 | 11,108.65 | 11,141.65 | 11,162.04 | 11,195.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,272.24 | 10,649.90 | 10,869.85 | 11,247.51 | 11,467.46 | 11,845.12 | 12,065.07 |
| Camarilla | 10,925.46 | 10,980.24 | 11,035.02 | 11,089.80 | 11,144.58 | 11,199.36 | 11,254.14 |
| Woodie | 10,193.39 | 10,610.47 | 10,791.00 | 11,208.08 | 11,388.61 | 11,805.69 | 11,986.22 |
| Fibonacci | 10,649.90 | 10,878.19 | 11,019.22 | 11,247.51 | 11,475.80 | 11,616.83 | 11,845.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,868.67 | 11,082.03 | 11,345.09 | 11,558.45 | 11,821.51 | 12,034.87 | 12,297.93 |
| Camarilla | 11,477.13 | 11,520.80 | 11,564.47 | 11,608.14 | 11,651.81 | 11,695.48 | 11,739.16 |
| Woodie | 10,893.51 | 11,094.46 | 11,369.93 | 11,570.88 | 11,846.35 | 12,047.30 | 12,322.77 |
| Fibonacci | 11,082.03 | 11,264.03 | 11,376.46 | 11,558.45 | 11,740.45 | 11,852.88 | 12,034.87 |
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): | 36.50 | |
| MACD (12,26,9): | -105.9300 | |
| Directional Movement: | -17.06 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 11,258.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,656.87 | |
| Elder Ray (13): | -218.30 | |
| Super Trend (3,10): | 11,564.76 | |
| Zig ZAG (10): | 11,122.58 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 11.02 | |
| TEMA (21): | 11,198.61 | |
| Williams %R (14): | -87.27 | |
| Chande Momentum Oscillator (20): | -413.29 | |
| Repulse (5,40,3): | -0.9200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 4.74 |
| MA7: | 11,274.68 | |
| MA20: | 11,417.94 | |
| MA50: | 11,468.64 | |
| MA100: | 11,806.59 | |
| MAexp7: | 11,220.28 | |
| MAexp20: | 11,378.72 | |
| MAexp50: | 11,518.16 | |
| MAexp100: | 11,580.15 | |
| Price / MA7: | -1.68% | |
| Price / MA20: | -2.91% | |
| Price / MA50: | -3.34% | |
| Price / MA100: | -6.11% | |
| Price / MAexp7: | -1.20% | |
| Price / MAexp20: | -2.58% | |
| Price / MAexp50: | -3.76% | |
| Price / MAexp100: | -4.27% |
Quotes :
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15 min delayed data
-
NASDAQ US Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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