NASDAQ COMPOSITE INDEX

- USD (-)

- 15 min delayed data - NASDAQ US Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	COMP
ISIN:	XC0009694271

NASDAQ COMPOSITE INDEX - 1H - Technical analysis published on 11/08/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

39%

22%

39%

My opinion

Bullish above 13,551.15 USD

My targets

13,768.52 USD (+0.98%)

14,036.51 USD (+2.95%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NASDAQ COMPOSITE INDEX as long as the price remains well above 13,551.15 USD. The buyers' bullish objective is set at 13,768.52 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 14,036.51 USD. If there is any crossing, the next objective would be the resistance located at 14,320.08 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

Force

6.6

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NASDAQ COMPOSITE INDEX rating 13,634.71 USD. The price is lower by -0.04% since the last closing and was between 13,573.58 USD and 13,684.87 USD. This implies that the price is at +0.45% from its lowest and at -0.37% from its highest.

13,573.58

13,684.87

13,634.71

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NASDAQ COMPOSITE INDEX in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13,128.10	13,363.44	13,551.15	13,634.71	13,659.79	14,036.51	14,320.08
Change (%)	-3.72%	-1.99%	-0.61%	-	+0.18%	+2.95%	+5.03%
Change	-506.61	-271.27	-83.56	-	+25.08	+401.80	+685.37
Level	Major	Intermediate	Intermediate	-	Major	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13,386.89	13,451.73	13,545.79	13,610.63	13,704.69	13,769.53	13,863.59
Camarilla	13,596.16	13,610.73	13,625.29	13,639.86	13,654.43	13,668.99	13,683.56
Woodie	13,401.51	13,459.04	13,560.41	13,617.94	13,719.31	13,776.84	13,878.21
Fibonacci	13,451.73	13,512.43	13,549.93	13,610.63	13,671.33	13,708.83	13,769.53

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12,111.08	12,401.32	12,939.80	13,230.04	13,768.52	14,058.76	14,597.24
Camarilla	13,250.38	13,326.35	13,402.31	13,478.28	13,554.25	13,630.21	13,706.18
Woodie	12,235.20	12,463.38	13,063.92	13,292.10	13,892.64	14,120.82	14,721.36
Fibonacci	12,401.32	12,717.89	12,913.47	13,230.04	13,546.61	13,742.19	14,058.76

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11,188.41	11,866.13	12,358.69	13,036.41	13,528.97	14,206.69	14,699.25
Camarilla	12,529.41	12,636.69	12,743.96	12,851.24	12,958.52	13,065.79	13,173.07
Woodie	11,095.82	11,819.84	12,266.10	12,990.12	13,436.38	14,160.40	14,606.66
Fibonacci	11,866.13	12,313.18	12,589.37	13,036.41	13,483.46	13,759.65	14,206.69

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):	66.81
MACD (12,26,9):	82.8300
Directional Movement:	14.44
AROON (14):	57.14
DEMA (21):	13,695.90
Parabolic SAR (0,02-0,02-0,2):	13,678.32
Elder Ray (13):	22.82
Super Trend (3,10):	13,518.80
Zig ZAG (10):	13,627.69
VORTEX (21):	1.1100
Stochastique (14,3,5):	71.30
TEMA (21):	13,664.38
Williams %R (14):	-34.04
Chande Momentum Oscillator (20):	-21.46
Repulse (5,40,3):	-0.0900
ROCnROLL:	1
TRIX (15,9):	0.1100
Courbe Coppock:	1.40

MA7:	13,352.94
MA20:	13,202.34
MA50:	13,415.57
MA100:	13,616.35
MAexp7:	13,623.74
MAexp20:	13,570.11
MAexp50:	13,385.00
MAexp100:	13,270.35
Price / MA7:	+2.11%
Price / MA20:	+3.27%
Price / MA50:	+1.63%
Price / MA100:	+0.13%
Price / MAexp7:	+0.08%
Price / MAexp20:	+0.48%
Price / MAexp50:	+1.87%
Price / MAexp100:	+2.75%

Quotes : - 15 min delayed data - NASDAQ US Indices

News

The latest news and videos published on NASDAQ COMPOSITE INDEX at the time of the analysis were as follows:

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

About author

Londinia AI

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