NASDAQ BANK INDEX

- USD (-)

- 15 min delayed data - NASDAQ US Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	BANK
ISIN:

NASDAQ BANK INDEX - 1H - Technical analysis published on 10/17/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 3,064.75 USD

My targets

3,095.34 USD (+0.37%)

3,162.50 USD (+2.55%)

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 3,064.75 USD. The buyers' bullish objective is set at 3,095.34 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3,162.50 USD. If there is any crossing, the next objective would be the resistance located at 3,448.58 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

7.9

Comment on the analysis

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NASDAQ BANK INDEX rating 3,083.92 USD. On the day, this instrument gained +2.36% and was traded between 2,997.15 USD and 3,086.63 USD over the period. The price is currently at +2.90% from its lowest and -0.09% from its highest.

2,997.15

3,086.63

3,083.92

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this NASDAQ BANK INDEX chart shows a strongly bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish 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.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3,002.34	3,038.16	3,064.75	3,083.92	3,095.34	3,162.50	3,448.58
Change (%)	-2.65%	-1.48%	-0.62%	-	+0.37%	+2.55%	+11.82%
Change	-81.58	-45.76	-19.17	-	+11.42	+78.58	+364.66
Level	Minor	Major	Intermediate	-	Minor	Intermediate	Intermediate

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	2,959.57	2,972.04	2,992.44	3,004.91	3,025.31	3,037.78	3,058.18
Camarilla	3,003.81	3,006.82	3,009.84	3,012.85	3,015.86	3,018.88	3,021.89
Woodie	2,963.55	2,974.02	2,996.42	3,006.89	3,029.29	3,039.76	3,062.16
Fibonacci	2,972.04	2,984.59	2,992.35	3,004.91	3,017.46	3,025.22	3,037.78

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,794.88	2,873.76	2,914.56	2,993.44	3,034.24	3,113.12	3,153.92
Camarilla	2,922.45	2,933.42	2,944.39	2,955.36	2,966.33	2,977.30	2,988.27
Woodie	2,775.84	2,864.24	2,895.52	2,983.92	3,015.20	3,103.60	3,134.88
Fibonacci	2,873.76	2,919.48	2,947.72	2,993.44	3,039.16	3,067.40	3,113.12

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,612.95	2,791.40	2,912.34	3,090.79	3,211.73	3,390.18	3,511.12
Camarilla	2,950.95	2,978.39	3,005.84	3,033.28	3,060.72	3,088.17	3,115.61
Woodie	2,584.20	2,777.02	2,883.59	3,076.41	3,182.98	3,375.80	3,482.37
Fibonacci	2,791.40	2,905.77	2,976.42	3,090.79	3,205.16	3,275.81	3,390.18

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):	71.29
MACD (12,26,9):	9.7900
Directional Movement:	29.87
AROON (14):	78.57
DEMA (21):	3,023.86
Parabolic SAR (0,02-0,02-0,2):	2,992.06
Elder Ray (13):	48.44
Super Trend (3,10):	3,011.38
Zig ZAG (10):	3,086.17
VORTEX (21):	1.0300
Stochastique (14,3,5):	99.98
TEMA (21):	3,033.48
Williams %R (14):	-0.30
Chande Momentum Oscillator (20):	128.86
Repulse (5,40,3):	2.9200
ROCnROLL:	1
TRIX (15,9):	-0.0100
Courbe Coppock:	2.79

MA7:	3,020.12
MA20:	3,006.68
MA50:	3,126.27
MA100:	3,140.71
MAexp7:	3,035.87
MAexp20:	3,015.47
MAexp50:	3,008.56
MAexp100:	3,013.58
Price / MA7:	+2.11%
Price / MA20:	+2.57%
Price / MA50:	-1.35%
Price / MA100:	-1.81%
Price / MAexp7:	+1.58%
Price / MAexp20:	+2.27%
Price / MAexp50:	+2.50%
Price / MAexp100:	+2.33%

Quotes : - 15 min delayed data - NASDAQ US Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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