NASDAQ TRANSPORTATION INDEX - Daily - Technical analysis published on 03/24/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 5,534.05 USD
My targets
5,318.18 USD (-2.94%)
5,103.48 USD (-6.86%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NASDAQ TRANSPORTATION INDEX as long as the price remains well below 5,534.05 USD. The sellers' bearish objective is set at 5,318.18 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5,103.48 USD. In case of crossing, the next objective would be the support located at 4,949.00 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.8
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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 TRANSPORTATION INDEX rating 5,479.10 USD. The price is lower by -0.08% since the last closing with the lowest point at 5,379.60 USD and the highest point at 5,479.10 USD. The deviation from the price is +1.85% for the low point and 0% for the high point.5,379.60
5,479.10
5,479.10
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NASDAQ TRANSPORTATION INDEX in Daily shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 4,949.00 | 5,103.48 | 5,318.18 | 5,479.10 | 5,534.05 | 5,669.45 | 5,935.54 |
| Change (%) | -9.67% | -6.86% | -2.94% | - | +1.00% | +3.47% | +8.33% |
| Change | -530.10 | -375.62 | -160.92 | - | +54.95 | +190.35 | +456.44 |
| Level | Minor | Minor | Major | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,263.97 | 5,361.11 | 5,422.31 | 5,519.45 | 5,580.65 | 5,677.79 | 5,738.99 |
| Camarilla | 5,439.98 | 5,454.49 | 5,469.01 | 5,483.52 | 5,498.04 | 5,512.55 | 5,527.06 |
| Woodie | 5,246.01 | 5,352.13 | 5,404.35 | 5,510.47 | 5,562.69 | 5,668.81 | 5,721.03 |
| Fibonacci | 5,361.11 | 5,421.59 | 5,458.96 | 5,519.45 | 5,579.93 | 5,617.30 | 5,677.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,137.11 | 5,329.48 | 5,432.15 | 5,624.52 | 5,727.19 | 5,919.56 | 6,022.23 |
| Camarilla | 5,453.68 | 5,480.73 | 5,507.78 | 5,534.82 | 5,561.87 | 5,588.91 | 5,615.96 |
| Woodie | 5,092.26 | 5,307.06 | 5,387.30 | 5,602.10 | 5,682.34 | 5,897.14 | 5,977.38 |
| Fibonacci | 5,329.48 | 5,442.19 | 5,511.82 | 5,624.52 | 5,737.23 | 5,806.86 | 5,919.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,292.15 | 5,577.92 | 5,756.11 | 6,041.88 | 6,220.07 | 6,505.84 | 6,684.03 |
| Camarilla | 5,806.71 | 5,849.24 | 5,891.77 | 5,934.30 | 5,976.83 | 6,019.36 | 6,061.89 |
| Woodie | 5,238.36 | 5,551.03 | 5,702.32 | 6,014.99 | 6,166.28 | 6,478.95 | 6,630.24 |
| Fibonacci | 5,577.92 | 5,755.15 | 5,864.65 | 6,041.88 | 6,219.11 | 6,328.61 | 6,505.84 |
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): | 33.31 | |
| MACD (12,26,9): | -124.6000 | |
| Directional Movement: | -19.94 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 5,581.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,821.34 | |
| Elder Ray (13): | -223.87 | |
| Super Trend (3,10): | 5,802.35 | |
| Zig ZAG (10): | 5,466.99 | |
| VORTEX (21): | 0.7000 | |
| Stochastique (14,3,5): | 5.78 | |
| TEMA (21): | 5,461.84 | |
| Williams %R (14): | -87.35 | |
| Chande Momentum Oscillator (20): | -592.70 | |
| Repulse (5,40,3): | -1.3100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2100 | |
| Courbe Coppock: | 15.47 |
| MA7: | 5,555.06 | |
| MA20: | 5,789.89 | |
| MA50: | 5,906.83 | |
| MA100: | 5,720.87 | |
| MAexp7: | 5,560.41 | |
| MAexp20: | 5,722.30 | |
| MAexp50: | 5,791.20 | |
| MAexp100: | 5,718.94 | |
| Price / MA7: | -1.37% | |
| Price / MA20: | -5.37% | |
| Price / MA50: | -7.24% | |
| Price / MA100: | -4.23% | |
| Price / MAexp7: | -1.46% | |
| Price / MAexp20: | -4.25% | |
| Price / MAexp50: | -5.39% | |
| Price / MAexp100: | -4.19% |
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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