NASDAQ INDUSTRIAL INDEX - Daily - Technical analysis published on 03/31/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 7,824.00 USD
My targets
8,647.65 USD (+3.83%)
9,366.83 USD (+12.46%)
My analysis
The bullish trend is currently very strong on NASDAQ INDUSTRIAL INDEX. As long as the price remains above the support at 7,824.00 USD, you could try to benefit from the boom. The first bullish objective is located at 8,647.65 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 9,366.83 USD as an objective. Crossing it would then enable buyers to target 9,741.81 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NASDAQ INDUSTRIAL INDEX rating 8,328.92 USD. On the day, this instrument gained +1.67% and was between 8,232.34 USD and 8,331.54 USD. This implies that the price is at +1.17% from its lowest and at -0.03% from its highest.8,232.34
8,331.54
8,328.92
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NASDAQ INDUSTRIAL INDEX indicates that the overall trend is strongly bullish. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
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 | 7,178.71 | 7,627.45 | 8,272.39 | 8,328.92 | 8,647.65 | 9,366.83 | 9,741.81 |
| Change (%) | -13.81% | -8.42% | -0.68% | - | +3.83% | +12.46% | +16.96% |
| Change | -1,150.21 | -701.47 | -56.53 | - | +318.73 | +1,037.91 | +1,412.89 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,091.10 | 8,127.05 | 8,159.71 | 8,195.66 | 8,228.32 | 8,264.27 | 8,296.93 |
| Camarilla | 8,173.49 | 8,179.78 | 8,186.07 | 8,192.36 | 8,198.65 | 8,204.94 | 8,211.23 |
| Woodie | 8,089.45 | 8,126.23 | 8,158.06 | 8,194.84 | 8,226.67 | 8,263.45 | 8,295.28 |
| Fibonacci | 8,127.05 | 8,153.26 | 8,169.45 | 8,195.66 | 8,221.87 | 8,238.06 | 8,264.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,439.95 | 7,620.72 | 7,794.28 | 7,975.05 | 8,148.61 | 8,329.38 | 8,502.94 |
| Camarilla | 7,870.40 | 7,902.88 | 7,935.36 | 7,967.84 | 8,000.32 | 8,032.80 | 8,065.28 |
| Woodie | 7,436.35 | 7,618.92 | 7,790.68 | 7,973.25 | 8,145.01 | 8,327.58 | 8,499.34 |
| Fibonacci | 7,620.72 | 7,756.07 | 7,839.70 | 7,975.05 | 8,110.40 | 8,194.03 | 8,329.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,086.33 | 7,536.24 | 7,824.00 | 8,273.91 | 8,561.67 | 9,011.58 | 9,299.34 |
| Camarilla | 7,908.89 | 7,976.51 | 8,044.13 | 8,111.75 | 8,179.37 | 8,246.99 | 8,314.61 |
| Woodie | 7,005.25 | 7,495.70 | 7,742.92 | 8,233.37 | 8,480.59 | 8,971.04 | 9,218.26 |
| Fibonacci | 7,536.24 | 7,818.03 | 7,992.12 | 8,273.91 | 8,555.70 | 8,729.79 | 9,011.58 |
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): | 62.72 | |
| MACD (12,26,9): | 23.7800 | |
| Directional Movement: | 12.00 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 8,052.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,733.62 | |
| Elder Ray (13): | 223.07 | |
| Super Trend (3,10): | 7,827.85 | |
| Zig ZAG (10): | 8,328.87 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 96.24 | |
| TEMA (21): | 8,085.20 | |
| Williams %R (14): | -0.53 | |
| Chande Momentum Oscillator (20): | 504.65 | |
| Repulse (5,40,3): | 1.6600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 5.10 |
| MA7: | 8,074.42 | |
| MA20: | 7,970.81 | |
| MA50: | 8,126.77 | |
| MA100: | 7,948.26 | |
| MAexp7: | 8,119.05 | |
| MAexp20: | 8,042.80 | |
| MAexp50: | 8,033.82 | |
| MAexp100: | 8,072.57 | |
| Price / MA7: | +3.15% | |
| Price / MA20: | +4.49% | |
| Price / MA50: | +2.49% | |
| Price / MA100: | +4.79% | |
| Price / MAexp7: | +2.58% | |
| Price / MAexp20: | +3.56% | |
| Price / MAexp50: | +3.67% | |
| Price / MAexp100: | +3.18% |
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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