NASDAQ BANK INDEX - Daily - Technical analysis published on 02/02/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
33%
33%
My opinion
Bullish above 4,849.40 USD
My targets
5,187.57 USD (+3.23%)
5,408.36 USD (+7.62%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 4,849.40 USD remains possible. It is advisable to trade NASDAQ BANK INDEX with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 4,849.40 USD. The next bullish objective for buyers is set at 5,187.57 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5,408.36 USD. PS: if there is a bearish break in the support located at 4,849.40 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
1.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NASDAQ BANK INDEX rating 5,025.37 USD. The price has increased by +1.65% since the last closing with the lowest point at 4,901.71 USD and the highest point at 5,028.48 USD. The deviation from the price is +2.52% for the low point and -0.06% for the high point.4,901.71
5,028.48
5,025.37
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NASDAQ BANK INDEX:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NASDAQ BANK INDEX in Daily shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
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 has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Three white soldiers
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,343.16 | 4,637.58 | 4,849.40 | 5,025.37 | 5,053.07 | 5,187.57 | 5,408.36 |
| Change (%) | -13.58% | -7.72% | -3.50% | - | +0.55% | +3.23% | +7.62% |
| Change | -682.21 | -387.79 | -175.97 | - | +27.70 | +162.20 | +382.99 |
| Level | Minor | Intermediate | Major | - | Major | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,815.12 | 4,858.42 | 4,941.89 | 4,985.19 | 5,068.66 | 5,111.96 | 5,195.43 |
| Camarilla | 4,990.51 | 5,002.13 | 5,013.75 | 5,025.37 | 5,036.99 | 5,048.61 | 5,060.23 |
| Woodie | 4,835.22 | 4,868.46 | 4,961.99 | 4,995.23 | 5,088.76 | 5,122.00 | 5,215.53 |
| Fibonacci | 4,858.42 | 4,906.84 | 4,936.76 | 4,985.19 | 5,033.61 | 5,063.53 | 5,111.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,451.35 | 4,611.19 | 4,748.78 | 4,908.62 | 5,046.21 | 5,206.05 | 5,343.64 |
| Camarilla | 4,804.58 | 4,831.84 | 4,859.11 | 4,886.37 | 4,913.63 | 4,940.90 | 4,968.16 |
| Woodie | 4,440.23 | 4,605.63 | 4,737.66 | 4,903.06 | 5,035.09 | 5,200.49 | 5,332.52 |
| Fibonacci | 4,611.19 | 4,724.81 | 4,795.00 | 4,908.62 | 5,022.24 | 5,092.43 | 5,206.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,031.59 | 4,401.31 | 4,672.45 | 5,042.17 | 5,313.31 | 5,683.03 | 5,954.17 |
| Camarilla | 4,767.35 | 4,826.10 | 4,884.85 | 4,943.59 | 5,002.34 | 5,061.08 | 5,119.83 |
| Woodie | 3,982.30 | 4,376.67 | 4,623.16 | 5,017.53 | 5,264.02 | 5,658.39 | 5,904.88 |
| Fibonacci | 4,401.31 | 4,646.12 | 4,797.36 | 5,042.17 | 5,286.98 | 5,438.22 | 5,683.03 |
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): | 48.56 | |
| MACD (12,26,9): | -29.2500 | |
| Directional Movement: | -4.76 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 5,028.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,108.14 | |
| Elder Ray (13): | -60.26 | |
| Super Trend (3,10): | 5,242.27 | |
| Zig ZAG (10): | 5,025.37 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 28.20 | |
| TEMA (21): | 4,969.08 | |
| Williams %R (14): | -60.31 | |
| Chande Momentum Oscillator (20): | -340.98 | |
| Repulse (5,40,3): | 4.1500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 12.04 |
| MA7: | 4,947.75 | |
| MA20: | 5,143.16 | |
| MA50: | 5,010.64 | |
| MA100: | 4,931.19 | |
| MAexp7: | 4,980.32 | |
| MAexp20: | 5,046.11 | |
| MAexp50: | 5,022.27 | |
| MAexp100: | 4,929.57 | |
| Price / MA7: | +1.57% | |
| Price / MA20: | -2.29% | |
| Price / MA50: | +0.29% | |
| Price / MA100: | +1.91% | |
| Price / MAexp7: | +0.90% | |
| Price / MAexp20: | -0.41% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +1.94% |
Quotes :
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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.
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