NASDAQ TRANSPORTATION INDEX

- USD (-)

- 15 min delayed data - NASDAQ US Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	TRAN
ISIN:

NASDAQ TRANSPORTATION INDEX - Daily - Technical analysis published on 02/03/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

50%

22%

28%

My opinion

Bearish under 6,411.04 USD

My targets

6,001.90 USD (-3.06%)

5,896.58 USD (-4.76%)

My analysis

NASDAQ TRANSPORTATION 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 6,411.04 USD. The next support located at 6,001.90 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 5,896.58 USD. Below this support, sellers could then target 5,669.45 USD.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

3.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NASDAQ TRANSPORTATION INDEX rating 6,191.61 USD. The price is lower by -0.42% since the last closing and was traded between 6,152.05 USD and 6,218.41 USD over the period. The price is currently at +0.64% from its lowest and -0.43% from its highest.

6,152.05

6,218.41

6,191.61

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by NASDAQ TRANSPORTATION INDEX:

Technical

A technical analysis in Daily of this NASDAQ TRANSPORTATION INDEX chart shows a bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

In fact, of the 18 technical indicators analysed by Central Analyzer, 9 are bullish, 5 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	5,669.45	5,896.58	6,001.90	6,191.61	6,251.56	6,411.04	6,673.67
Change (%)	-8.43%	-4.76%	-3.06%	-	+0.97%	+3.54%	+7.79%
Change	-522.16	-295.03	-189.71	-	+59.95	+219.43	+482.06
Level	Major	Major	Major	-	Major	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	6,058.45	6,093.44	6,155.55	6,190.54	6,252.65	6,287.64	6,349.75
Camarilla	6,190.97	6,199.87	6,208.77	6,217.67	6,226.57	6,235.47	6,244.37
Woodie	6,072.02	6,100.22	6,169.12	6,197.32	6,266.22	6,294.42	6,363.32
Fibonacci	6,093.44	6,130.53	6,153.44	6,190.54	6,227.63	6,250.54	6,287.64

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5,377.88	5,578.18	5,779.06	5,979.36	6,180.24	6,380.54	6,581.42
Camarilla	5,869.63	5,906.40	5,943.18	5,979.95	6,016.73	6,053.50	6,090.28
Woodie	5,378.18	5,578.33	5,779.36	5,979.51	6,180.54	6,380.69	6,581.72
Fibonacci	5,578.18	5,731.43	5,826.11	5,979.36	6,132.61	6,227.29	6,380.54

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,614.15	5,196.31	5,640.28	6,222.44	6,666.41	7,248.57	7,692.54
Camarilla	5,802.06	5,896.13	5,990.19	6,084.25	6,178.31	6,272.37	6,366.44
Woodie	4,545.06	5,161.76	5,571.19	6,187.89	6,597.32	7,214.02	7,623.45
Fibonacci	5,196.31	5,588.29	5,830.46	6,222.44	6,614.42	6,856.59	7,248.57

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):	45.00
MACD (12,26,9):	-113.5900
Directional Movement:	-8.00
AROON (14):	-71.43
DEMA (21):	6,086.12
Parabolic SAR (0,02-0,02-0,2):	5,804.57
Elder Ray (13):	11.19
Super Trend (3,10):	6,371.57
Zig ZAG (10):	6,191.37
VORTEX (21):	0.7700
Stochastique (14,3,5):	53.34
TEMA (21):	6,029.68
Williams %R (14):	-43.78
Chande Momentum Oscillator (20):	-154.17
Repulse (5,40,3):	2.7400
ROCnROLL:	-1
TRIX (15,9):	-0.2800
Courbe Coppock:	12.58

MA7:	6,071.31
MA20:	6,264.30
MA50:	6,434.17
MA100:	6,425.13
MAexp7:	6,139.22
MAexp20:	6,235.49
MAexp50:	6,370.88
MAexp100:	6,391.62
Price / MA7:	+1.98%
Price / MA20:	-1.16%
Price / MA50:	-3.77%
Price / MA100:	-3.63%
Price / MAexp7:	+0.85%
Price / MAexp20:	-0.70%
Price / MAexp50:	-2.81%
Price / MAexp100:	-3.13%

Quotes : - 15 min delayed data - NASDAQ US Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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