NASDAQ FINANCIAL 100 INDEX - 1H - Technical analysis published on 01/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 5,055.01 USD
My targets
5,148.56 USD (+0.92%)
5,298.71 USD (+3.86%)
My analysis
NASDAQ FINANCIAL 100 INDEX is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 5,055.01 USD. The next resistance located at 5,148.56 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 5,298.71 USD. After this resistance, buyers could then target 5,429.88 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ FINANCIAL 100 INDEX rating is 5,101.83 USD. On the day, this instrument lost -0.06% with the lowest point at 5,079.57 USD and the highest point at 5,121.66 USD. The deviation from the price is +0.44% for the low point and -0.39% for the high point.5,079.57
5,121.66
5,101.83
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NASDAQ FINANCIAL 100 INDEX:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NASDAQ FINANCIAL 100 INDEX indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,891.49 | 4,949.59 | 5,055.01 | 5,101.83 | 5,148.56 | 5,298.71 | 5,429.88 |
| Change (%) | -4.12% | -2.98% | -0.92% | - | +0.92% | +3.86% | +6.43% |
| Change | -210.34 | -152.24 | -46.82 | - | +46.73 | +196.88 | +328.05 |
| Level | Intermediate | Minor | Intermediate | - | Major | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 5,003.40 | 5,029.64 | 5,067.24 | 5,093.48 | 5,131.08 | 5,157.32 | 5,194.92 |
| Camarilla | 5,087.27 | 5,093.13 | 5,098.98 | 5,104.83 | 5,110.68 | 5,116.53 | 5,122.39 |
| Woodie | 5,009.07 | 5,032.48 | 5,072.91 | 5,096.32 | 5,136.75 | 5,160.16 | 5,200.59 |
| Fibonacci | 5,029.64 | 5,054.03 | 5,069.10 | 5,093.48 | 5,117.87 | 5,132.94 | 5,157.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,826.23 | 4,887.91 | 4,996.37 | 5,058.05 | 5,166.51 | 5,228.19 | 5,336.65 |
| Camarilla | 5,058.04 | 5,073.64 | 5,089.23 | 5,104.83 | 5,120.43 | 5,136.02 | 5,151.62 |
| Woodie | 4,849.62 | 4,899.61 | 5,019.76 | 5,069.75 | 5,189.90 | 5,239.89 | 5,360.04 |
| Fibonacci | 4,887.91 | 4,952.90 | 4,993.06 | 5,058.05 | 5,123.04 | 5,163.20 | 5,228.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,071.08 | 4,368.46 | 4,572.20 | 4,869.58 | 5,073.32 | 5,370.70 | 5,574.44 |
| Camarilla | 4,638.12 | 4,684.06 | 4,729.99 | 4,775.93 | 4,821.87 | 4,867.80 | 4,913.74 |
| Woodie | 4,024.25 | 4,345.05 | 4,525.37 | 4,846.17 | 5,026.49 | 5,347.29 | 5,527.61 |
| Fibonacci | 4,368.46 | 4,559.89 | 4,678.16 | 4,869.58 | 5,061.01 | 5,179.28 | 5,370.70 |
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): | 64.69 | |
| MACD (12,26,9): | 23.1700 | |
| Directional Movement: | 14.36 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 5,104.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,079.57 | |
| Elder Ray (13): | 13.91 | |
| Super Trend (3,10): | 5,049.17 | |
| Zig ZAG (10): | 5,106.73 | |
| VORTEX (21): | 1.3100 | |
| Stochastique (14,3,5): | 77.87 | |
| TEMA (21): | 5,112.63 | |
| Williams %R (14): | -25.76 | |
| Chande Momentum Oscillator (20): | 43.91 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 2.57 |
| MA7: | 5,059.79 | |
| MA20: | 4,964.71 | |
| MA50: | 4,938.66 | |
| MA100: | 4,913.24 | |
| MAexp7: | 5,097.33 | |
| MAexp20: | 5,074.50 | |
| MAexp50: | 5,039.52 | |
| MAexp100: | 4,997.97 | |
| Price / MA7: | +0.83% | |
| Price / MA20: | +2.76% | |
| Price / MA50: | +3.30% | |
| Price / MA100: | +3.84% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.54% | |
| Price / MAexp50: | +1.24% | |
| Price / MAexp100: | +2.08% |
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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