NASDAQ COMPUTER INDEX - Daily - Technical analysis published on 10/05/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 8,574.18 USD
My targets
8,208.45 USD (-1.19%)
7,650.16 USD (-7.91%)
My analysis
NASDAQ COMPUTER 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 8,574.18 USD. The next support located at 8,208.45 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 7,650.16 USD. Below this support, sellers could then target 7,353.31 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5
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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 COMPUTER INDEX rating 8,307.12 USD. The price registered a decrease of -0.19% on the session with the lowest point at 8,130.40 USD and the highest point at 8,310.06 USD. The deviation from the price is +2.17% for the low point and -0.04% for the high point.8,130.40
8,310.06
8,307.12
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NASDAQ COMPUTER INDEX:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NASDAQ COMPUTER INDEX in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 8 are bullish, 6 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 6,590.23 | 7,353.31 | 8,208.45 | 8,307.12 | 8,574.18 | 10,382.00 | 11,366.00 |
| Change (%) | -20.67% | -11.48% | -1.19% | - | +3.21% | +24.98% | +36.82% |
| Change | -1,716.89 | -953.81 | -98.67 | - | +267.06 | +2,074.88 | +3,058.88 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | Intermediate |
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 | 8,157.26 | 8,194.93 | 8,258.79 | 8,296.46 | 8,360.32 | 8,397.99 | 8,461.85 |
| Camarilla | 8,294.74 | 8,304.05 | 8,313.35 | 8,322.66 | 8,331.97 | 8,341.27 | 8,350.58 |
| Woodie | 8,170.37 | 8,201.48 | 8,271.90 | 8,303.01 | 8,373.43 | 8,404.54 | 8,474.96 |
| Fibonacci | 8,194.93 | 8,233.71 | 8,257.67 | 8,296.46 | 8,335.24 | 8,359.20 | 8,397.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,180.23 | 7,492.97 | 7,650.16 | 7,962.90 | 8,120.09 | 8,432.83 | 8,590.02 |
| Camarilla | 7,678.12 | 7,721.20 | 7,764.27 | 7,807.35 | 7,850.43 | 7,893.50 | 7,936.58 |
| Woodie | 7,102.46 | 7,454.08 | 7,572.39 | 7,924.01 | 8,042.32 | 8,393.94 | 8,512.25 |
| Fibonacci | 7,492.97 | 7,672.48 | 7,783.39 | 7,962.90 | 8,142.41 | 8,253.32 | 8,432.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,975.00 | 6,890.36 | 7,348.85 | 8,264.21 | 8,722.70 | 9,638.06 | 10,096.55 |
| Camarilla | 7,429.54 | 7,555.48 | 7,681.41 | 7,807.35 | 7,933.29 | 8,059.22 | 8,185.16 |
| Woodie | 5,746.58 | 6,776.14 | 7,120.43 | 8,149.99 | 8,494.28 | 9,523.84 | 9,868.13 |
| Fibonacci | 6,890.36 | 7,415.17 | 7,739.40 | 8,264.21 | 8,789.02 | 9,113.25 | 9,638.06 |
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): | 43.65 | |
| MACD (12,26,9): | -253.2000 | |
| Directional Movement: | -10.13 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 8,036.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,816.28 | |
| Elder Ray (13): | -40.33 | |
| Super Trend (3,10): | 8,641.56 | |
| Zig ZAG (10): | 8,285.05 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 48.82 | |
| TEMA (21): | 7,956.93 | |
| Williams %R (14): | -42.07 | |
| Chande Momentum Oscillator (20): | -218.84 | |
| Repulse (5,40,3): | 2.8800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4800 | |
| Courbe Coppock: | 12.68 |
| MA7: | 8,107.76 | |
| MA20: | 8,387.53 | |
| MA50: | 9,037.07 | |
| MA100: | 8,957.44 | |
| MAexp7: | 8,172.77 | |
| MAexp20: | 8,379.41 | |
| MAexp50: | 8,749.68 | |
| MAexp100: | 9,092.01 | |
| Price / MA7: | +2.46% | |
| Price / MA20: | -0.96% | |
| Price / MA50: | -8.08% | |
| Price / MA100: | -7.26% | |
| Price / MAexp7: | +1.64% | |
| Price / MAexp20: | -0.86% | |
| Price / MAexp50: | -5.06% | |
| Price / MAexp100: | -8.63% |
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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