NASDAQ BANK INDEX - 1H - Technical analysis published on 03/21/2024 (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
83%
6%
11%
My opinion
Bullish above 3,619.42 USD
My targets
3,650.35 USD (+0.35%)
3,688.42 USD (+1.40%)
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 3,619.42 USD. The buyers' bullish objective is set at 3,650.35 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3,688.42 USD. If there is any crossing, the next objective would be the resistance located at 3,842.86 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NASDAQ BANK INDEX rating 3,637.48 USD. On the day, this instrument gained +3.11% with the lowest point at 3,509.48 USD and the highest point at 3,652.91 USD. The deviation from the price is +3.65% for the low point and -0.42% for the high point.3,509.48
3,652.91
3,637.48
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of NASDAQ BANK INDEX in 1H shows an overall bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 3,507.42 | 3,556.81 | 3,619.42 | 3,637.48 | 3,650.35 | 3,688.42 | 3,842.86 |
| Change (%) | -3.58% | -2.22% | -0.50% | - | +0.35% | +1.40% | +5.65% |
| Change | -130.06 | -80.67 | -18.06 | - | +12.87 | +50.94 | +205.38 |
| Level | Major | Minor | Minor | - | Intermediate | Major | 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 | 3,403.57 | 3,456.53 | 3,547.00 | 3,599.96 | 3,690.43 | 3,743.39 | 3,833.86 |
| Camarilla | 3,598.04 | 3,611.19 | 3,624.33 | 3,637.48 | 3,650.63 | 3,663.78 | 3,676.92 |
| Woodie | 3,422.34 | 3,465.91 | 3,565.77 | 3,609.34 | 3,709.20 | 3,752.77 | 3,852.63 |
| Fibonacci | 3,456.53 | 3,511.32 | 3,545.17 | 3,599.96 | 3,654.75 | 3,688.60 | 3,743.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,343.11 | 3,424.27 | 3,480.06 | 3,561.22 | 3,617.01 | 3,698.17 | 3,753.96 |
| Camarilla | 3,498.19 | 3,510.74 | 3,523.30 | 3,535.85 | 3,548.40 | 3,560.96 | 3,573.51 |
| Woodie | 3,330.43 | 3,417.93 | 3,467.38 | 3,554.88 | 3,604.33 | 3,691.83 | 3,741.28 |
| Fibonacci | 3,424.27 | 3,476.59 | 3,508.91 | 3,561.22 | 3,613.54 | 3,645.86 | 3,698.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,166.32 | 3,280.33 | 3,420.90 | 3,534.91 | 3,675.48 | 3,789.49 | 3,930.06 |
| Camarilla | 3,491.46 | 3,514.80 | 3,538.13 | 3,561.47 | 3,584.81 | 3,608.14 | 3,631.48 |
| Woodie | 3,179.60 | 3,286.97 | 3,434.18 | 3,541.55 | 3,688.76 | 3,796.13 | 3,943.34 |
| Fibonacci | 3,280.33 | 3,377.58 | 3,437.66 | 3,534.91 | 3,632.16 | 3,692.24 | 3,789.49 |
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): | 75.45 | |
| MACD (12,26,9): | 7.5200 | |
| Directional Movement: | 37.84 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 3,557.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,514.89 | |
| Elder Ray (13): | 72.07 | |
| Super Trend (3,10): | 3,573.12 | |
| Zig ZAG (10): | 3,637.48 | |
| VORTEX (21): | 1.2700 | |
| Stochastique (14,3,5): | 88.81 | |
| TEMA (21): | 3,575.92 | |
| Williams %R (14): | -10.72 | |
| Chande Momentum Oscillator (20): | 108.80 | |
| Repulse (5,40,3): | 2.5600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.86 |
| MA7: | 3,562.79 | |
| MA20: | 3,572.62 | |
| MA50: | 3,594.98 | |
| MA100: | 3,498.73 | |
| MAexp7: | 3,575.21 | |
| MAexp20: | 3,553.57 | |
| MAexp50: | 3,561.55 | |
| MAexp100: | 3,570.29 | |
| Price / MA7: | +2.10% | |
| Price / MA20: | +1.82% | |
| Price / MA50: | +1.18% | |
| Price / MA100: | +3.97% | |
| Price / MAexp7: | +1.74% | |
| Price / MAexp20: | +2.36% | |
| Price / MAexp50: | +2.13% | |
| Price / MAexp100: | +1.88% |
Quotes :
-
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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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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