NASDAQ INSURANCE INDEX - 1H - Technical analysis published on 10/10/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 11,898.98 USD
My targets
12,107.55 USD (+0.80%)
12,191.71 USD (+1.50%)
My analysis
NASDAQ INSURANCE INDEX is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 11,898.98 USD. The next resistance located at 12,107.55 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 12,191.71 USD. After this resistance, buyers could then target 12,325.49 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
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
The NASDAQ INSURANCE INDEX price is 12,011.30 USD. The price is lower by -0.05% since the last closing and was traded between 11,963.62 USD and 12,058.17 USD over the period. The price is currently at +0.40% from its lowest and -0.39% from its highest.11,963.62
12,058.17
12,011.30
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NASDAQ INSURANCE INDEX in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11,774.10 | 11,898.98 | 11,993.78 | 12,011.30 | 12,107.55 | 12,191.71 | 12,325.49 |
| Change (%) | -1.97% | -0.94% | -0.15% | - | +0.80% | +1.50% | +2.62% |
| Change | -237.20 | -112.32 | -17.52 | - | +96.25 | +180.41 | +314.19 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | 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 | 11,802.37 | 11,850.52 | 11,933.63 | 11,981.78 | 12,064.89 | 12,113.04 | 12,196.15 |
| Camarilla | 11,980.63 | 11,992.67 | 12,004.70 | 12,016.73 | 12,028.76 | 12,040.79 | 12,052.83 |
| Woodie | 11,819.84 | 11,859.26 | 11,951.10 | 11,990.52 | 12,082.36 | 12,121.78 | 12,213.62 |
| Fibonacci | 11,850.52 | 11,900.67 | 11,931.64 | 11,981.78 | 12,031.93 | 12,062.90 | 12,113.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,323.34 | 11,467.86 | 11,704.74 | 11,849.26 | 12,086.14 | 12,230.66 | 12,467.54 |
| Camarilla | 11,836.74 | 11,871.70 | 11,906.66 | 11,941.62 | 11,976.58 | 12,011.54 | 12,046.51 |
| Woodie | 11,369.52 | 11,490.95 | 11,750.92 | 11,872.35 | 12,132.32 | 12,253.75 | 12,513.72 |
| Fibonacci | 11,467.86 | 11,613.56 | 11,703.57 | 11,849.26 | 11,994.96 | 12,084.97 | 12,230.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,015.17 | 11,394.65 | 11,663.71 | 12,043.19 | 12,312.25 | 12,691.73 | 12,960.79 |
| Camarilla | 11,754.41 | 11,813.86 | 11,873.31 | 11,932.76 | 11,992.21 | 12,051.66 | 12,111.11 |
| Woodie | 10,959.95 | 11,367.05 | 11,608.49 | 12,015.59 | 12,257.03 | 12,664.13 | 12,905.57 |
| Fibonacci | 11,394.65 | 11,642.40 | 11,795.45 | 12,043.19 | 12,290.94 | 12,443.99 | 12,691.73 |
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): | 57.24 | |
| MACD (12,26,9): | 37.2000 | |
| Directional Movement: | 5.90 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 12,017.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,949.97 | |
| Elder Ray (13): | 21.57 | |
| Super Trend (3,10): | 11,904.00 | |
| Zig ZAG (10): | 12,006.46 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 73.54 | |
| TEMA (21): | 12,041.75 | |
| Williams %R (14): | -36.98 | |
| Chande Momentum Oscillator (20): | 68.10 | |
| Repulse (5,40,3): | -0.1600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 1.09 |
| MA7: | 11,883.11 | |
| MA20: | 12,049.12 | |
| MA50: | 11,974.79 | |
| MA100: | 11,763.88 | |
| MAexp7: | 12,004.73 | |
| MAexp20: | 11,968.83 | |
| MAexp50: | 11,943.93 | |
| MAexp100: | 11,969.35 | |
| Price / MA7: | +1.08% | |
| Price / MA20: | -0.31% | |
| Price / MA50: | +0.30% | |
| Price / MA100: | +2.10% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.35% | |
| Price / MAexp50: | +0.56% | |
| Price / MAexp100: | +0.35% |
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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