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 11/23/2023 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

11%

39%

My opinion

Bullish above 14,036.51 USD

My targets

14,320.08 USD (+0.38%)

14,823.88 USD (+3.91%)

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 14,036.51 USD. The buyers' bullish objective is set at 14,320.08 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 14,823.88 USD. If there is any crossing, the next objective would be the resistance located at 16,057.40 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.3

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

Additional analysis

Quotes

NASDAQ COMPOSITE INDEX rating 14,265.86 USD. The price registered an increase of +0.46% on the session with the lowest point at 14,226.63 USD and the highest point at 14,359.61 USD. The deviation from the price is +0.28% for the low point and -0.65% for the high point.

14,226.63

14,359.61

14,265.86

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in 1H of this NASDAQ COMPOSITE INDEX chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed 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.

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	13,128.10	13,592.51	14,036.51	14,265.86	14,320.08	16,057.40
Change (%)	-7.98%	-4.72%	-1.61%	-	+0.38%	+12.56%
Change	-1,137.76	-673.35	-229.35	-	+54.22	+1,791.54
Level	Major	Intermediate	Major	-	Major	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	14,075.48	14,151.05	14,208.46	14,284.03	14,341.44	14,417.01	14,474.42
Camarilla	14,229.29	14,241.48	14,253.67	14,265.86	14,278.05	14,290.24	14,302.43
Woodie	14,066.39	14,146.51	14,199.37	14,279.49	14,332.35	14,412.47	14,465.33
Fibonacci	14,151.05	14,201.85	14,233.24	14,284.03	14,334.83	14,366.22	14,417.01

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13,304.14	13,495.96	13,810.72	14,002.54	14,317.30	14,509.12	14,823.88
Camarilla	13,986.17	14,032.61	14,079.04	14,125.48	14,171.92	14,218.35	14,264.79
Woodie	13,365.61	13,526.70	13,872.19	14,033.28	14,378.77	14,539.86	14,885.35
Fibonacci	13,495.96	13,689.47	13,809.03	14,002.54	14,196.05	14,315.61	14,509.12

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	60.17
MACD (12,26,9):	42.3200
Directional Movement:	9.28
AROON (14):	42.85
DEMA (21):	14,289.46
Parabolic SAR (0,02-0,02-0,2):	14,170.66
Elder Ray (13):	18.86
Super Trend (3,10):	14,166.94
Zig ZAG (10):	14,265.86
VORTEX (21):	1.1300
Stochastique (14,3,5):	60.80
TEMA (21):	14,274.46
Williams %R (14):	-43.95
Chande Momentum Oscillator (20):	93.82
Repulse (5,40,3):	-0.1100
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	0.46

MA7:	14,169.68
MA20:	13,589.87
MA50:	13,441.63
MA100:	13,659.61
MAexp7:	14,265.28
MAexp20:	14,229.77
MAexp50:	14,108.79
MAexp100:	13,896.17
Price / MA7:	+0.68%
Price / MA20:	+4.97%
Price / MA50:	+6.13%
Price / MA100:	+4.44%
Price / MAexp7:	+0.00%
Price / MAexp20:	+0.25%
Price / MAexp50:	+1.11%
Price / MAexp100:	+2.66%

Quotes : - 15 min delayed data - NASDAQ US Indices

News

The last news published on NASDAQ COMPOSITE INDEX at the time of the generation of this analysis was as follows:

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

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