NASDAQ BANK INDEX - 1H - Technical analysis published on 07/25/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 4,142.20 USD
My targets
4,258.89 USD (+1.93%)
4,400.84 USD (+5.32%)
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 BANK INDEX as long as the price remains well above 4,142.20 USD. The buyers' bullish objective is set at 4,258.89 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4,400.84 USD. If there is any crossing, the next objective would be the resistance located at 4,849.40 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, 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
8.2
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.
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Additional analysis
Quotes
The NASDAQ BANK INDEX rating is 4,178.37 USD. The price has increased by +1.82% since the last closing and was traded between 4,128.89 USD and 4,184.94 USD over the period. The price is currently at +1.20% from its lowest and -0.16% from its highest.4,128.89
4,184.94
4,178.37
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
Here is a more detailed summary of the historical variations registered by NASDAQ BANK INDEX:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NASDAQ BANK INDEX indicates that the overall trend is strongly bullish. 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. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,008.42 | 4,094.47 | 4,142.20 | 4,178.37 | 4,182.11 | 4,400.84 | 4,849.40 |
| Change (%) | -4.07% | -2.01% | -0.87% | - | +0.09% | +5.32% | +16.06% |
| Change | -169.95 | -83.90 | -36.17 | - | +3.74 | +222.47 | +671.03 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,976.82 | 4,027.79 | 4,065.68 | 4,116.65 | 4,154.54 | 4,205.51 | 4,243.40 |
| Camarilla | 4,079.14 | 4,087.29 | 4,095.44 | 4,103.58 | 4,111.73 | 4,119.87 | 4,128.02 |
| Woodie | 3,970.29 | 4,024.52 | 4,059.15 | 4,113.38 | 4,148.01 | 4,202.24 | 4,236.87 |
| Fibonacci | 4,027.79 | 4,061.73 | 4,082.70 | 4,116.65 | 4,150.59 | 4,171.56 | 4,205.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,872.43 | 3,950.09 | 4,026.83 | 4,104.49 | 4,181.23 | 4,258.89 | 4,335.63 |
| Camarilla | 4,061.12 | 4,075.27 | 4,089.43 | 4,103.58 | 4,117.73 | 4,131.89 | 4,146.04 |
| Woodie | 3,871.98 | 3,949.86 | 4,026.38 | 4,104.26 | 4,180.78 | 4,258.66 | 4,335.18 |
| Fibonacci | 3,950.09 | 4,009.07 | 4,045.51 | 4,104.49 | 4,163.47 | 4,199.91 | 4,258.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,208.69 | 3,541.61 | 3,764.63 | 4,097.55 | 4,320.57 | 4,653.49 | 4,876.51 |
| Camarilla | 3,834.76 | 3,885.72 | 3,936.68 | 3,987.64 | 4,038.60 | 4,089.56 | 4,140.52 |
| Woodie | 3,153.73 | 3,514.14 | 3,709.67 | 4,070.08 | 4,265.61 | 4,626.02 | 4,821.55 |
| Fibonacci | 3,541.61 | 3,753.98 | 3,885.18 | 4,097.55 | 4,309.92 | 4,441.12 | 4,653.49 |
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): | 59.25 | |
| MACD (12,26,9): | 9.4900 | |
| Directional Movement: | 12.85 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 4,147.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,080.03 | |
| Elder Ray (13): | 41.13 | |
| Super Trend (3,10): | 4,091.64 | |
| Zig ZAG (10): | 4,173.88 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 66.50 | |
| TEMA (21): | 4,134.88 | |
| Williams %R (14): | -11.47 | |
| Chande Momentum Oscillator (20): | 5.65 | |
| Repulse (5,40,3): | 0.6900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 1.34 |
| MA7: | 4,119.81 | |
| MA20: | 4,058.09 | |
| MA50: | 4,122.71 | |
| MA100: | 4,364.99 | |
| MAexp7: | 4,136.75 | |
| MAexp20: | 4,131.20 | |
| MAexp50: | 4,100.15 | |
| MAexp100: | 4,077.67 | |
| Price / MA7: | +1.42% | |
| Price / MA20: | +2.96% | |
| Price / MA50: | +1.35% | |
| Price / MA100: | -4.28% | |
| Price / MAexp7: | +1.01% | |
| Price / MAexp20: | +1.14% | |
| Price / MAexp50: | +1.91% | |
| Price / MAexp100: | +2.47% |
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.
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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