NASDAQ INDUSTRIAL INDEX - 1H - Technical analysis published on 10/18/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
83%
0%
17%
My opinion
Bullish above 7,827.99 USD
My targets
8,311.74 USD (+3.74%)
8,352.74 USD (+4.25%)
My analysis
The strong short-term increase in NASDAQ INDUSTRIAL INDEX calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 7,827.99 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 8,311.74 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8,352.74 USD as an objective. Crossing it would then enable buyers to target 8,522.47 USD. Caution, a return under 7,827.99 USD could jeopardize the reversal.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3
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Additional analysis
Quotes
NASDAQ INDUSTRIAL INDEX rating 8,011.99 USD. On the day, this instrument gained +4.08% and was traded between 7,876.97 USD and 8,040.48 USD over the period. The price is currently at +1.71% from its lowest and -0.35% from its highest.7,876.97
8,040.48
8,011.99
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of NASDAQ INDUSTRIAL INDEX in 1H shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 6,516.73 | 7,627.45 | 7,827.99 | 8,011.99 | 8,028.42 | 8,352.74 | 8,522.47 |
| Change (%) | -18.66% | -4.80% | -2.30% | - | +0.21% | +4.25% | +6.37% |
| Change | -1,495.26 | -384.54 | -184.00 | - | +16.43 | +340.75 | +510.48 |
| Level | Major | Major | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,748.97 | 7,812.97 | 7,912.48 | 7,976.48 | 8,075.99 | 8,139.99 | 8,239.50 |
| Camarilla | 7,967.03 | 7,982.01 | 7,997.00 | 8,011.99 | 8,026.98 | 8,041.97 | 8,056.96 |
| Woodie | 7,766.73 | 7,821.85 | 7,930.24 | 7,985.36 | 8,093.75 | 8,148.87 | 8,257.26 |
| Fibonacci | 7,812.97 | 7,875.43 | 7,914.02 | 7,976.48 | 8,038.94 | 8,077.53 | 8,139.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,989.75 | 7,296.60 | 7,497.32 | 7,804.17 | 8,004.89 | 8,311.74 | 8,512.46 |
| Camarilla | 7,558.47 | 7,605.00 | 7,651.52 | 7,698.05 | 7,744.58 | 7,791.11 | 7,837.63 |
| Woodie | 6,936.70 | 7,270.07 | 7,444.27 | 7,777.64 | 7,951.84 | 8,285.21 | 8,459.41 |
| Fibonacci | 7,296.60 | 7,490.49 | 7,610.28 | 7,804.17 | 7,998.06 | 8,117.85 | 8,311.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,388.83 | 7,240.84 | 7,669.52 | 8,521.53 | 8,950.21 | 9,802.22 | 10,230.90 |
| Camarilla | 7,746.00 | 7,863.40 | 7,980.79 | 8,098.19 | 8,215.59 | 8,332.98 | 8,450.38 |
| Woodie | 6,177.16 | 7,135.01 | 7,457.85 | 8,415.70 | 8,738.54 | 9,696.39 | 10,019.23 |
| Fibonacci | 7,240.84 | 7,730.07 | 8,032.31 | 8,521.53 | 9,010.76 | 9,313.00 | 9,802.22 |
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): | 56.15 | |
| MACD (12,26,9): | 14.6900 | |
| Directional Movement: | 7.41 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 7,936.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,715.87 | |
| Elder Ray (13): | 62.03 | |
| Super Trend (3,10): | 7,767.10 | |
| Zig ZAG (10): | 8,011.99 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 76.35 | |
| TEMA (21): | 7,989.81 | |
| Williams %R (14): | -23.44 | |
| Chande Momentum Oscillator (20): | 138.03 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.32 |
| MA7: | 7,924.55 | |
| MA20: | 8,210.45 | |
| MA50: | 8,804.36 | |
| MA100: | 8,596.75 | |
| MAexp7: | 7,976.86 | |
| MAexp20: | 7,932.55 | |
| MAexp50: | 7,980.60 | |
| MAexp100: | 8,117.98 | |
| Price / MA7: | +1.10% | |
| Price / MA20: | -2.42% | |
| Price / MA50: | -9.00% | |
| Price / MA100: | -6.80% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | +1.00% | |
| Price / MAexp50: | +0.39% | |
| Price / MAexp100: | -1.31% |
Quotes :
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15 min delayed data
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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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