NASDAQ FINANCIAL 100 INDEX - 1H - Technical analysis published on 03/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 4,277.45 USD
My targets
4,163.55 USD (-1.91%)
4,017.01 USD (-5.36%)
My analysis
NASDAQ FINANCIAL 100 INDEX is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4,277.45 USD. The next support located at 4,163.55 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 4,017.01 USD. Below this support, sellers could then target 3,828.19 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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
The NASDAQ FINANCIAL 100 INDEX rating is 4,244.42 USD. The price registered a decrease of -0.02% on the session and was between 4,182.46 USD and 4,244.68 USD. This implies that the price is at +1.48% from its lowest and at -0.01% from its highest.4,182.46
4,244.68
4,244.42
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NASDAQ FINANCIAL 100 INDEX chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 5 are bullish, 4 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 | 3,112.83 | 3,828.19 | 4,163.55 | 4,244.42 | 4,277.45 | 4,474.05 | 4,646.30 |
| Change (%) | -26.66% | -9.81% | -1.91% | - | +0.78% | +5.41% | +9.47% |
| Change | -1,131.59 | -416.23 | -80.87 | - | +33.03 | +229.63 | +401.88 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | 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 | 4,080.85 | 4,150.67 | 4,197.87 | 4,267.69 | 4,314.89 | 4,384.71 | 4,431.91 |
| Camarilla | 4,212.90 | 4,223.63 | 4,234.35 | 4,245.08 | 4,255.81 | 4,266.53 | 4,277.26 |
| Woodie | 4,069.55 | 4,145.02 | 4,186.57 | 4,262.04 | 4,303.59 | 4,379.06 | 4,420.61 |
| Fibonacci | 4,150.67 | 4,195.37 | 4,222.99 | 4,267.69 | 4,312.39 | 4,340.01 | 4,384.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,844.16 | 4,017.01 | 4,149.30 | 4,322.15 | 4,454.44 | 4,627.29 | 4,759.58 |
| Camarilla | 4,197.67 | 4,225.64 | 4,253.61 | 4,281.58 | 4,309.55 | 4,337.52 | 4,365.49 |
| Woodie | 3,823.87 | 4,006.87 | 4,129.01 | 4,312.01 | 4,434.15 | 4,617.15 | 4,739.29 |
| Fibonacci | 4,017.01 | 4,133.58 | 4,205.59 | 4,322.15 | 4,438.72 | 4,510.73 | 4,627.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,688.72 | 4,870.15 | 4,987.03 | 5,168.46 | 5,285.34 | 5,466.77 | 5,583.65 |
| Camarilla | 5,021.87 | 5,049.21 | 5,076.56 | 5,103.90 | 5,131.25 | 5,158.59 | 5,185.94 |
| Woodie | 4,656.44 | 4,854.01 | 4,954.75 | 5,152.32 | 5,253.06 | 5,450.63 | 5,551.37 |
| Fibonacci | 4,870.15 | 4,984.11 | 5,054.51 | 5,168.46 | 5,282.42 | 5,352.82 | 5,466.77 |
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): | 30.83 | |
| MACD (12,26,9): | -43.1800 | |
| Directional Movement: | -14.50 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 4,268.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,339.64 | |
| Elder Ray (13): | -65.44 | |
| Super Trend (3,10): | 4,316.43 | |
| Zig ZAG (10): | 4,217.74 | |
| VORTEX (21): | 0.6700 | |
| Stochastique (14,3,5): | 10.71 | |
| TEMA (21): | 4,237.63 | |
| Williams %R (14): | -84.81 | |
| Chande Momentum Oscillator (20): | -195.54 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 8.81 |
| MA7: | 4,322.73 | |
| MA20: | 4,639.59 | |
| MA50: | 4,939.97 | |
| MA100: | 4,935.06 | |
| MAexp7: | 4,246.02 | |
| MAexp20: | 4,314.24 | |
| MAexp50: | 4,377.81 | |
| MAexp100: | 4,516.53 | |
| Price / MA7: | -1.81% | |
| Price / MA20: | -8.52% | |
| Price / MA50: | -14.08% | |
| Price / MA100: | -13.99% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -1.62% | |
| Price / MAexp50: | -3.05% | |
| Price / MAexp100: | -6.02% |
Quotes :
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15 min delayed data
-
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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