VOLATILITY NASDAQ 100 - 1H - Technical analysis published on 08/03/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 7,608.51 USD
My targets
7,556.12 USD (-0.39%)
7,514.50 USD (-0.94%)
My analysis
The bearish trend is currently very strong for VOLATILITY NASDAQ 100. As long as the price remains below the resistance at 7,608.51 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 7,556.12 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7,514.50 USD as an objective. Crossing it would then enable sellers to target 7,428.99 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7
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Additional analysis
Quotes
VOLATILITY NASDAQ 100 rating 7,585.54 USD. The price is lower by -0.03% since the last closing and was traded between 7,539.77 USD and 7,597.44 USD over the period. The price is currently at +0.61% from its lowest and -0.16% from its highest.7,539.77
7,597.44
7,585.54
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of VOLATILITY NASDAQ 100 in 1H 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.
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:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
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 | 7,428.99 | 7,514.50 | 7,556.12 | 7,585.54 | 7,608.51 | 7,705.48 | 7,812.38 |
| Change (%) | -2.06% | -0.94% | -0.39% | - | +0.30% | +1.58% | +2.99% |
| Change | -156.55 | -71.04 | -29.42 | - | +22.97 | +119.94 | +226.84 |
| Level | Intermediate | Major | Intermediate | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,426.62 | 7,495.32 | 7,541.46 | 7,610.16 | 7,656.30 | 7,725.00 | 7,771.14 |
| Camarilla | 7,556.03 | 7,566.56 | 7,577.08 | 7,587.61 | 7,598.14 | 7,608.66 | 7,619.19 |
| Woodie | 7,415.35 | 7,489.68 | 7,530.19 | 7,604.52 | 7,645.03 | 7,719.36 | 7,759.87 |
| Fibonacci | 7,495.32 | 7,539.19 | 7,566.29 | 7,610.16 | 7,654.03 | 7,681.13 | 7,725.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,440.63 | 7,514.91 | 7,642.17 | 7,716.45 | 7,843.71 | 7,917.99 | 8,045.25 |
| Camarilla | 7,714.01 | 7,732.48 | 7,750.96 | 7,769.43 | 7,787.91 | 7,806.38 | 7,824.85 |
| Woodie | 7,467.12 | 7,528.16 | 7,668.66 | 7,729.70 | 7,870.20 | 7,931.24 | 8,071.74 |
| Fibonacci | 7,514.91 | 7,591.90 | 7,639.46 | 7,716.45 | 7,793.44 | 7,841.00 | 7,917.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,054.30 | 7,231.28 | 7,501.86 | 7,678.84 | 7,949.42 | 8,126.40 | 8,396.98 |
| Camarilla | 7,649.35 | 7,690.38 | 7,731.40 | 7,772.43 | 7,813.46 | 7,854.48 | 7,895.51 |
| Woodie | 7,101.09 | 7,254.68 | 7,548.65 | 7,702.24 | 7,996.21 | 8,149.80 | 8,443.77 |
| Fibonacci | 7,231.28 | 7,402.25 | 7,507.88 | 7,678.84 | 7,849.81 | 7,955.44 | 8,126.40 |
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): | 34.35 | |
| MACD (12,26,9): | -41.3800 | |
| Directional Movement: | -26.28 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 7,603.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,680.05 | |
| Elder Ray (13): | -41.95 | |
| Super Trend (3,10): | 7,669.58 | |
| Zig ZAG (10): | 7,587.85 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 17.47 | |
| TEMA (21): | 7,565.27 | |
| Williams %R (14): | -78.73 | |
| Chande Momentum Oscillator (20): | -171.32 | |
| Repulse (5,40,3): | 0.4100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 4.40 |
| MA7: | 7,678.88 | |
| MA20: | 7,650.50 | |
| MA50: | 7,439.67 | |
| MA100: | 6,982.84 | |
| MAexp7: | 7,596.18 | |
| MAexp20: | 7,649.71 | |
| MAexp50: | 7,680.08 | |
| MAexp100: | 7,665.89 | |
| Price / MA7: | -1.22% | |
| Price / MA20: | -0.85% | |
| Price / MA50: | +1.96% | |
| Price / MA100: | +8.63% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.84% | |
| Price / MAexp50: | -1.23% | |
| Price / MAexp100: | -1.05% |
Quotes :
-
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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