NASDAQ100 INDEX
NASDAQ100 INDEX
6.54 USD (+0.00%)
01/24/2025 - 09:17 Open 15 min delayed data - NASDAQ US Indices
Open: 6.54
Change: 0
Volume: 63,039
Low: 6.53
High: 6.60
High / Low range: 0.07
Type: Indices
Ticker: NDX
ISIN:

NASDAQ100 INDEX - Daily - Technical analysis published on 08/02/2023 (GMT)

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  • 08/02/2023 - 04:20
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  • Timeframe : Daily
  • - Analysis generated on 08/02/2023 - 04:20
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 15,239.30 USD
My targets
16,573.30 USD (+5.44%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NASDAQ100 INDEX as long as the price remains well above 15,239.30 USD. The buyers' bullish objective is set at 16,573.30 USD. A bullish break in this resistance would boost the bullish momentum. 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
0
10
7.1

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 SeeMwangi. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The NASDAQ100 INDEX price is 15,718.01 USD. On the day, this instrument lost -0.25% and was between 15,636.57 USD and 15,748.43 USD. This implies that the price is at +0.52% from its lowest and at -0.19% from its highest.

15,636.57
15,748.43
15,718.01

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
Created with Raphaël 2.3.0-150153045January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this NASDAQ100 INDEX chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily


RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 12,812.10 13,667.20 15,239.30 15,718.01 15,841.40 16,573.30
Change (%) -18.49% -13.05% -3.05% - +0.79% +5.44%
Change -2,905.91 -2,050.81 -478.71 - +123.39 +855.29
Level Minor Intermediate Intermediate - Major 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
Standard15,541.7215,589.1415,653.5815,701.0015,765.4415,812.8615,877.30
Camarilla15,687.2515,697.5015,707.7615,718.0115,728.2615,738.5215,748.77
Woodie15,550.2215,593.4015,662.0815,705.2615,773.9415,817.1215,885.80
Fibonacci15,589.1415,631.8715,658.2715,701.0015,743.7315,770.1315,812.86


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15,064.4515,219.5815,485.2515,640.3815,906.0516,061.1816,326.85
Camarilla15,635.2115,673.7815,712.3615,750.9315,789.5015,828.0815,866.65
Woodie15,119.7315,247.2215,540.5315,668.0215,961.3316,088.8216,382.13
Fibonacci15,219.5815,380.3215,479.6315,640.3815,801.1215,900.4316,061.18


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14,136.4014,530.5215,143.7615,537.8816,151.1216,545.2417,158.48
Camarilla15,479.9815,572.3215,664.6615,757.0015,849.3415,941.6816,034.02
Woodie14,245.9614,585.3015,253.3215,592.6616,260.6816,600.0217,268.04
Fibonacci14,530.5214,915.3315,153.0715,537.8815,922.6916,160.4316,545.24

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Created with Raphaël 2.3.0Buy9
Moving averages
Created with Raphaël 2.3.0Buy26

RSI (14): 63.98
MACD (12,26,9): 221.1100
Directional Movement: 11.79
AROON (14): 35.71
DEMA (21): 15,769.71
Parabolic SAR (0,02-0,02-0,2): 15,803.55
Elder Ray (13): 130.59
Super Trend (3,10): 15,243.41
Zig ZAG (10): 15,718.01
VORTEX (21): 1.0300
Stochastique (14,3,5): 72.82
TEMA (21): 15,717.65
Williams %R (14): -38.40
Chande Momentum Oscillator (20): 152.41
Repulse (5,40,3): -0.1000
ROCnROLL: 1
TRIX (15,9): 0.2300
Courbe Coppock: 4.72
MA7: 15,599.93
MA20: 15,470.60
MA50: 14,947.32
MA100: 13,942.54
MAexp7: 15,639.86
MAexp20: 15,456.16
MAexp50: 14,921.43
MAexp100: 14,188.03
Price / MA7: +0.76%
Price / MA20: +1.60%
Price / MA50: +5.16%
Price / MA100: +12.73%
Price / MAexp7: +0.50%
Price / MAexp20: +1.69%
Price / MAexp50: +5.34%
Price / MAexp100: +10.78%

Quotes : 08/01/2023 - 19:59 - 15 min delayed data - NASDAQ US Indices

News


The latest news and videos published on NASDAQ100 INDEX at the time of the analysis were as follows:

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

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