NASDAQ BANK INDEX - 1H - Technical analysis published on 08/29/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 3,191.58 USD
My targets
3,153.46 USD (-0.86%)
3,117.26 USD (-2.00%)
My analysis
The basic trend is bearish on NASDAQ BANK INDEX and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 3,191.58 USD. Buyers would then use the next resistance located at 3,313.49 USD as an objective. Crossing it would then enable buyers to target 3,382.71 USD. If there is a return to below the support located at 3,153.46 USD, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 3,117.26 USD and 2,943.71 USD by extension.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.1
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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 BANK INDEX price is 3,180.97 USD. The price registered a decrease of -0.04% on the session and was between 3,172.23 USD and 3,182.43 USD. This implies that the price is at +0.28% from its lowest and at -0.05% from its highest.3,172.23
3,182.43
3,180.97
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of NASDAQ BANK INDEX in 1H shows an overall bearish trend. The signals given by moving averages are at 71.43% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,943.71 | 3,117.26 | 3,153.46 | 3,180.97 | 3,191.58 | 3,313.49 | 3,382.71 |
| Change (%) | -7.46% | -2.00% | -0.86% | - | +0.33% | +4.17% | +6.34% |
| Change | -237.26 | -63.71 | -27.51 | - | +10.61 | +132.52 | +201.74 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,128.66 | 3,145.01 | 3,163.55 | 3,179.90 | 3,198.44 | 3,214.79 | 3,233.33 |
| Camarilla | 3,172.51 | 3,175.70 | 3,178.90 | 3,182.10 | 3,185.30 | 3,188.50 | 3,191.70 |
| Woodie | 3,129.77 | 3,145.56 | 3,164.66 | 3,180.45 | 3,199.55 | 3,215.34 | 3,234.44 |
| Fibonacci | 3,145.01 | 3,158.34 | 3,166.57 | 3,179.90 | 3,193.23 | 3,201.46 | 3,214.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,960.01 | 3,034.76 | 3,089.39 | 3,164.14 | 3,218.77 | 3,293.52 | 3,348.15 |
| Camarilla | 3,108.43 | 3,120.29 | 3,132.15 | 3,144.01 | 3,155.87 | 3,167.73 | 3,179.59 |
| Woodie | 2,949.94 | 3,029.73 | 3,079.32 | 3,159.11 | 3,208.70 | 3,288.49 | 3,338.08 |
| Fibonacci | 3,034.76 | 3,084.19 | 3,114.72 | 3,164.14 | 3,213.57 | 3,244.10 | 3,293.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,515.14 | 2,721.42 | 3,094.93 | 3,301.21 | 3,674.72 | 3,881.00 | 4,254.51 |
| Camarilla | 3,309.00 | 3,362.15 | 3,415.29 | 3,468.44 | 3,521.59 | 3,574.74 | 3,627.88 |
| Woodie | 2,598.76 | 2,763.23 | 3,178.55 | 3,343.02 | 3,758.34 | 3,922.81 | 4,338.13 |
| Fibonacci | 2,721.42 | 2,942.90 | 3,079.73 | 3,301.21 | 3,522.69 | 3,659.52 | 3,881.00 |
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): | 50.82 | |
| MACD (12,26,9): | 3.0100 | |
| Directional Movement: | 3.13 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 3,171.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,135.57 | |
| Elder Ray (13): | 4.20 | |
| Super Trend (3,10): | 3,140.71 | |
| Zig ZAG (10): | 3,172.92 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 77.02 | |
| TEMA (21): | 3,185.79 | |
| Williams %R (14): | -30.36 | |
| Chande Momentum Oscillator (20): | 28.04 | |
| Repulse (5,40,3): | -0.5100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.53 |
| MA7: | 3,162.17 | |
| MA20: | 3,299.69 | |
| MA50: | 3,222.16 | |
| MA100: | 3,090.98 | |
| MAexp7: | 3,177.66 | |
| MAexp20: | 3,170.69 | |
| MAexp50: | 3,188.99 | |
| MAexp100: | 3,234.34 | |
| Price / MA7: | +0.59% | |
| Price / MA20: | -3.60% | |
| Price / MA50: | -1.28% | |
| Price / MA100: | +2.91% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.32% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -1.65% |
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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