NASDAQ100 INDEX - 1H - Technical analysis published on 11/09/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 12,037.00 USD
My targets
12,202.90 USD (+0.92%)
12,420.50 USD (+2.72%)
My analysis
NASDAQ100 INDEX is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 12,037.00 USD. The next resistance located at 12,202.90 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 12,420.50 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.3
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This analysis was given by NASDAQ 777. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ100 INDEX price is 12,091.35 USD. The price has increased by +0.11% since the last closing with the lowest point at 11,895.50 USD and the highest point at 12,116.91 USD. The deviation from the price is +1.65% for the low point and -0.21% for the high point.11,895.50
12,116.91
12,091.35
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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NASDAQ100 INDEX indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 11,358.20 | 11,606.60 | 12,037.00 | 12,091.35 | 12,202.90 | 12,420.50 |
| Change (%) | -6.06% | -4.01% | -0.45% | - | +0.92% | +2.72% |
| Change | -733.15 | -484.75 | -54.35 | - | +111.55 | +329.15 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,857.77 | 11,917.42 | 11,997.74 | 12,057.39 | 12,137.72 | 12,197.37 | 12,277.69 |
| Camarilla | 12,039.57 | 12,052.40 | 12,065.24 | 12,078.07 | 12,090.90 | 12,103.73 | 12,116.56 |
| Woodie | 11,868.10 | 11,922.59 | 12,008.08 | 12,062.56 | 12,148.05 | 12,202.54 | 12,288.03 |
| Fibonacci | 11,917.42 | 11,970.89 | 12,003.92 | 12,057.39 | 12,110.86 | 12,143.90 | 12,197.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,024.54 | 10,492.28 | 10,772.61 | 11,240.36 | 11,520.69 | 11,988.43 | 12,268.77 |
| Camarilla | 10,847.22 | 10,915.80 | 10,984.37 | 11,052.95 | 11,121.52 | 11,190.09 | 11,258.67 |
| Woodie | 9,930.83 | 10,445.43 | 10,678.91 | 11,193.50 | 11,426.98 | 11,941.58 | 12,175.06 |
| Fibonacci | 10,492.28 | 10,778.05 | 10,954.59 | 11,240.36 | 11,526.12 | 11,702.67 | 11,988.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,362.27 | 10,161.15 | 10,607.05 | 11,405.92 | 11,851.82 | 12,650.70 | 13,096.60 |
| Camarilla | 10,710.63 | 10,824.74 | 10,938.84 | 11,052.95 | 11,167.05 | 11,281.16 | 11,395.26 |
| Woodie | 9,185.78 | 10,072.90 | 10,430.56 | 11,317.68 | 11,675.33 | 12,562.46 | 12,920.11 |
| Fibonacci | 10,161.15 | 10,636.65 | 10,930.42 | 11,405.92 | 11,881.43 | 12,175.20 | 12,650.70 |
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): | 66.93 | |
| MACD (12,26,9): | 165.1900 | |
| Directional Movement: | 13.79 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 12,143.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,908.02 | |
| Elder Ray (13): | 76.20 | |
| Super Trend (3,10): | 11,815.26 | |
| Zig ZAG (10): | 12,091.35 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 89.32 | |
| TEMA (21): | 12,193.00 | |
| Williams %R (14): | -11.60 | |
| Chande Momentum Oscillator (20): | 14.46 | |
| Repulse (5,40,3): | 0.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2400 | |
| Courbe Coppock: | 3.98 |
| MA7: | 11,530.68 | |
| MA20: | 11,660.07 | |
| MA50: | 11,513.51 | |
| MA100: | 11,160.21 | |
| MAexp7: | 12,057.78 | |
| MAexp20: | 11,916.98 | |
| MAexp50: | 11,689.87 | |
| MAexp100: | 11,607.77 | |
| Price / MA7: | +4.86% | |
| Price / MA20: | +3.70% | |
| Price / MA50: | +5.02% | |
| Price / MA100: | +8.34% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +1.46% | |
| Price / MAexp50: | +3.43% | |
| Price / MAexp100: | +4.17% |
Quotes :
2020-11-06 20:59:59
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15 min delayed data
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NASDAQ US Indices
News
The last news published on NASDAQ100 INDEX at the time of the generation of this analysis was as follows:
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S&P 500 and NASDAQ 100 Forecast November 9, 2020
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S&P 500 and NASDAQ 100 Forecast November 6, 2020
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Nasdaq 100 Tops Election Focus, GBPUSD Focuses on Central Banks, USDCNH Trade Wars
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S&P 500 and NASDAQ 100 Forecast November 5, 2020
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S&P 500 and NASDAQ 100 Forecast November 4, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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