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)
- 261
- 0
- 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:
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.
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:
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:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
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
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 15,541.72 | 15,589.14 | 15,653.58 | 15,701.00 | 15,765.44 | 15,812.86 | 15,877.30 |
Camarilla | 15,687.25 | 15,697.50 | 15,707.76 | 15,718.01 | 15,728.26 | 15,738.52 | 15,748.77 |
Woodie | 15,550.22 | 15,593.40 | 15,662.08 | 15,705.26 | 15,773.94 | 15,817.12 | 15,885.80 |
Fibonacci | 15,589.14 | 15,631.87 | 15,658.27 | 15,701.00 | 15,743.73 | 15,770.13 | 15,812.86 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 15,064.45 | 15,219.58 | 15,485.25 | 15,640.38 | 15,906.05 | 16,061.18 | 16,326.85 |
Camarilla | 15,635.21 | 15,673.78 | 15,712.36 | 15,750.93 | 15,789.50 | 15,828.08 | 15,866.65 |
Woodie | 15,119.73 | 15,247.22 | 15,540.53 | 15,668.02 | 15,961.33 | 16,088.82 | 16,382.13 |
Fibonacci | 15,219.58 | 15,380.32 | 15,479.63 | 15,640.38 | 15,801.12 | 15,900.43 | 16,061.18 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 14,136.40 | 14,530.52 | 15,143.76 | 15,537.88 | 16,151.12 | 16,545.24 | 17,158.48 |
Camarilla | 15,479.98 | 15,572.32 | 15,664.66 | 15,757.00 | 15,849.34 | 15,941.68 | 16,034.02 |
Woodie | 14,245.96 | 14,585.30 | 15,253.32 | 15,592.66 | 16,260.68 | 16,600.02 | 17,268.04 |
Fibonacci | 14,530.52 | 14,915.33 | 15,153.07 | 15,537.88 | 15,922.69 | 16,160.43 | 16,545.24 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
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:
- 07/31/2023 - 15:34 NASDAQ 100 Forecast August 1, 2023
- 07/28/2023 - 14:56 Are the S&P 500 and Nasdaq 100 on a downward trend? | Michael Kramer
- 07/25/2023 - 15:18 NASDAQ 100 Forecast July 26, 2023
- 07/25/2023 - 11:05 Nasdaq 100 and Dow Jones: Where next for major US indices ahead of the FOMC? | Michael Kramer
- 07/21/2023 - 15:30 USD & Nasdaq Ahead of Mega-Cap Earnings and Central Bank Rate Meetings
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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