NASDAQ-100 VOLATILITY INDEX - Daily - Technical analysis published on 05/23/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
NASDAQ-100 VOLATILITY INDEX Chart
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 18.11 USD
My targets
16.52 USD (-5.31%)
14.74 USD (-15.55%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NASDAQ-100 VOLATILITY INDEX as long as the price remains well below 18.11 USD. The sellers' bearish objective is set at 16.52 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 14.74 USD. In case of crossing, the next objective would be the support located at 14.13 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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This analysis was given by Londinia.
Additional analysis
Quotes
The NASDAQ-100 VOLATILITY INDEX rating is 17.45 USD. On the day, this instrument gained +2.59% with the lowest point at 17.19 USD and the highest point at 17.57 USD. The deviation from the price is +1.51% for the low point and -0.68% for the high point.17.19
17.57
17.45
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this NASDAQ-100 VOLATILITY INDEX chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish 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.
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:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
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
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 14.13 | 17.45 | 18.11 | 22.55 | 28.29 |
| Change (%) | -19.03% | - | +3.78% | +29.23% | +62.12% |
| Change | -3.32 | - | +0.66 | +5.10 | +10.84 |
| Level | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.91 | 16.31 | 16.66 | 17.06 | 17.41 | 17.81 | 18.16 |
| Camarilla | 16.80 | 16.87 | 16.94 | 17.01 | 17.08 | 17.15 | 17.22 |
| Woodie | 15.89 | 16.30 | 16.64 | 17.05 | 17.39 | 17.80 | 18.14 |
| Fibonacci | 16.31 | 16.60 | 16.77 | 17.06 | 17.35 | 17.52 | 17.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.89 | 15.02 | 15.93 | 17.06 | 17.97 | 19.10 | 20.01 |
| Camarilla | 16.27 | 16.46 | 16.64 | 16.83 | 17.02 | 17.20 | 17.39 |
| Woodie | 13.77 | 14.97 | 15.81 | 17.01 | 17.85 | 19.05 | 19.89 |
| Fibonacci | 15.02 | 15.80 | 16.28 | 17.06 | 17.84 | 18.32 | 19.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.22 | 14.74 | 16.52 | 20.04 | 21.82 | 25.34 | 27.12 |
| Camarilla | 16.85 | 17.34 | 17.82 | 18.31 | 18.80 | 19.28 | 19.77 |
| Woodie | 10.36 | 14.31 | 15.66 | 19.61 | 20.96 | 24.91 | 26.26 |
| Fibonacci | 14.74 | 16.76 | 18.01 | 20.04 | 22.06 | 23.31 | 25.34 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.72 | |
| MACD (12,26,9): | -1.1200 | |
| Directional Movement: | -6.08 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 16.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.63 | |
| Elder Ray (13): | -0.19 | |
| Super Trend (3,10): | 20.83 | |
| Zig ZAG (10): | 17.33 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 15.13 | |
| TEMA (21): | 16.48 | |
| Williams %R (14): | -80.57 | |
| Chande Momentum Oscillator (20): | -0.99 | |
| Repulse (5,40,3): | -3.7800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.8300 | |
| Courbe Coppock: | 24.51 |
| MA7: | 16.93 | |
| MA20: | 18.20 | |
| MA50: | 20.71 | |
| MA100: | 22.76 | |
| MAexp7: | 17.14 | |
| MAexp20: | 18.13 | |
| MAexp50: | 20.15 | |
| MAexp100: | 22.31 | |
| Price / MA7: | +3.07% | |
| Price / MA20: | -4.12% | |
| Price / MA50: | -15.74% | |
| Price / MA100: | -23.33% | |
| Price / MAexp7: | +1.81% | |
| Price / MAexp20: | -3.75% | |
| Price / MAexp50: | -13.40% | |
| Price / MAexp100: | -21.78% |
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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