NASDAQ COMPUTER INDEX - 1H - Technical analysis published on 07/27/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
11%
61%
28%
My opinion
Bullish above 9,013.82 USD
My targets
9,295.88 USD (+2.26%)
9,616.32 USD (+5.78%)
My analysis
The basic trend is currently slightly bullish on NASDAQ COMPUTER INDEX and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 9,013.82 USD, purchases could be favourable. The first bullish objective would be the resistance located at 9,295.88 USD. Then the price could move towards 9,616.32 USD. Then 10,386.70 USD by extension. A return under the support to 9,013.82 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.5
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Additional analysis
Quotes
The NASDAQ COMPUTER INDEX price is 9,090.73 USD. The price registered an increase of +3.32% on the session and was traded between 8,956.97 USD and 9,092.35 USD over the period. The price is currently at +1.49% from its lowest and -0.02% from its highest.8,956.97
9,092.35
9,090.73
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:
Technical
Technical analysis of this 1H chart of NASDAQ COMPUTER INDEX indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is moderate given the direction of the technical indicators.
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 | 8,693.36 | 8,830.19 | 9,013.82 | 9,090.73 | 9,295.88 | 9,616.32 | 10,386.70 |
| Change (%) | -4.37% | -2.87% | -0.85% | - | +2.26% | +5.78% | +14.26% |
| Change | -397.37 | -260.54 | -76.91 | - | +205.15 | +525.59 | +1,295.97 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,527.17 | 8,646.61 | 8,722.71 | 8,842.15 | 8,918.25 | 9,037.69 | 9,113.79 |
| Camarilla | 8,745.05 | 8,762.97 | 8,780.90 | 8,798.82 | 8,816.75 | 8,834.67 | 8,852.59 |
| Woodie | 8,505.51 | 8,635.78 | 8,701.05 | 8,831.32 | 8,896.59 | 9,026.86 | 9,092.13 |
| Fibonacci | 8,646.61 | 8,721.30 | 8,767.45 | 8,842.15 | 8,916.84 | 8,962.99 | 9,037.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,130.68 | 8,411.34 | 8,734.56 | 9,015.22 | 9,338.44 | 9,619.10 | 9,942.32 |
| Camarilla | 8,891.71 | 8,947.07 | 9,002.42 | 9,057.78 | 9,113.14 | 9,168.49 | 9,223.85 |
| Woodie | 8,151.96 | 8,421.98 | 8,755.84 | 9,025.86 | 9,359.72 | 9,629.74 | 9,963.60 |
| Fibonacci | 8,411.34 | 8,642.02 | 8,784.54 | 9,015.22 | 9,245.90 | 9,388.42 | 9,619.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,445.51 | 7,294.54 | 7,881.90 | 8,730.93 | 9,318.29 | 10,167.32 | 10,754.68 |
| Camarilla | 8,074.26 | 8,205.93 | 8,337.60 | 8,469.27 | 8,600.94 | 8,732.61 | 8,864.28 |
| Woodie | 6,314.69 | 7,229.12 | 7,751.08 | 8,665.51 | 9,187.47 | 10,101.90 | 10,623.86 |
| Fibonacci | 7,294.54 | 7,843.24 | 8,182.23 | 8,730.93 | 9,279.63 | 9,618.62 | 10,167.32 |
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): | 32.39 | |
| MACD (12,26,9): | -71.4200 | |
| Directional Movement: | -19.56 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 8,850.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,879.96 | |
| Elder Ray (13): | -95.16 | |
| Super Trend (3,10): | 8,971.98 | |
| Zig ZAG (10): | 8,798.82 | |
| VORTEX (21): | 0.6100 | |
| Stochastique (14,3,5): | 6.61 | |
| TEMA (21): | 8,767.09 | |
| Williams %R (14): | -89.45 | |
| Chande Momentum Oscillator (20): | -180.15 | |
| Repulse (5,40,3): | -0.3000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 5.21 |
| MA7: | 9,008.81 | |
| MA20: | 8,807.43 | |
| MA50: | 8,877.80 | |
| MA100: | 9,528.56 | |
| MAexp7: | 8,831.14 | |
| MAexp20: | 8,928.10 | |
| MAexp50: | 8,952.49 | |
| MAexp100: | 8,901.27 | |
| Price / MA7: | +0.91% | |
| Price / MA20: | +3.22% | |
| Price / MA50: | +2.40% | |
| Price / MA100: | -4.59% | |
| Price / MAexp7: | +2.94% | |
| Price / MAexp20: | +1.82% | |
| Price / MAexp50: | +1.54% | |
| Price / MAexp100: | +2.13% |
Quotes :
-
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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