NASDAQ100 INDEX

- USD (-)

- 15 min delayed data - NASDAQ US Indices

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Type:	Indices
Ticker:	NDX
ISIN:

NASDAQ100 INDEX - 1H - Technical analysis published on 04/09/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 18,172.09 USD

My targets

17,874.94 USD (-0.95%)

17,808.25 USD (-1.32%)

My analysis

In the short term, we can see an acceleration in the bearish trend on NASDAQ100 INDEX, which is a positive signal for sellers. As long as the price remains above 18,172.09 USD, a sale could be considered. The first bearish objective is located at 17,874.94 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 17,808.25 USD as an objective. Crossing it would then enable sellers to target 16,906.80 USD. If the price were to return above 18,172.09 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.5

Comment on the analysis

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 MikeBMVP. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NASDAQ100 INDEX rating 18,046.18 USD. The price registered a decrease of -0.30% on the session and was between 17,973.07 USD and 18,210.02 USD. This implies that the price is at +0.41% from its lowest and at -0.90% from its highest.

17,973.07

18,210.02

18,046.18

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

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 NASDAQ100 INDEX in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 2

Type : Neutral

Timeframe : 1 hour

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	17,808.25	17,874.94	18,002.46	18,046.18	18,172.09	18,229.82	18,320.77
Change (%)	-1.32%	-0.95%	-0.24%	-	+0.70%	+1.02%	+1.52%
Change	-237.93	-171.24	-43.72	-	+125.91	+183.64	+274.59
Level	Major	Intermediate	Minor	-	Minor	Minor	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	17,913.06	17,981.88	18,041.03	18,109.85	18,169.00	18,237.82	18,296.97
Camarilla	18,065.00	18,076.73	18,088.46	18,100.19	18,111.92	18,123.65	18,135.38
Woodie	17,908.24	17,979.46	18,036.21	18,107.43	18,164.18	18,235.40	18,292.15
Fibonacci	17,981.88	18,030.76	18,060.96	18,109.85	18,158.73	18,188.93	18,237.82

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17,343.12	17,609.43	17,858.95	18,125.26	18,374.78	18,641.09	18,890.61
Camarilla	17,966.61	18,013.89	18,061.18	18,108.46	18,155.74	18,203.03	18,250.31
Woodie	17,334.72	17,605.23	17,850.55	18,121.06	18,366.38	18,636.89	18,882.21
Fibonacci	17,609.43	17,806.48	17,928.22	18,125.26	18,322.31	18,444.05	18,641.09

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17,158.51	17,461.75	17,858.22	18,161.46	18,557.93	18,861.17	19,257.64
Camarilla	18,062.27	18,126.41	18,190.55	18,254.69	18,318.83	18,382.97	18,447.11
Woodie	17,205.13	17,485.06	17,904.84	18,184.77	18,604.55	18,884.48	19,304.26
Fibonacci	17,461.75	17,729.04	17,894.17	18,161.46	18,428.75	18,593.88	18,861.17

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):	41.15
MACD (12,26,9):	-24.3000
Directional Movement:	-13.03
AROON (14):	-7.14
DEMA (21):	18,089.26
Parabolic SAR (0,02-0,02-0,2):	17,882.43
Elder Ray (13):	-27.99
Super Trend (3,10):	18,236.87
Zig ZAG (10):	17,989.88
VORTEX (21):	0.8100
Stochastique (14,3,5):	46.59
TEMA (21):	18,077.83
Williams %R (14):	-99.64
Chande Momentum Oscillator (20):	-223.64
Repulse (5,40,3):	-1.6000
ROCnROLL:	2
TRIX (15,9):	-0.0200
Courbe Coppock:	0.23

MA7:	18,098.13
MA20:	18,135.56
MA50:	17,938.61
MA100:	17,214.52
MAexp7:	18,099.96
MAexp20:	18,122.98
MAexp50:	18,156.20
MAexp100:	18,155.49
Price / MA7:	-0.29%
Price / MA20:	-0.49%
Price / MA50:	+0.60%
Price / MA100:	+4.83%
Price / MAexp7:	-0.29%
Price / MAexp20:	-0.42%
Price / MAexp50:	-0.60%
Price / MAexp100:	-0.60%

Quotes : - 15 min delayed data - NASDAQ US Indices

News

Don't forget to follow the news on NASDAQ100 INDEX. At the time of publication of this analysis, the latest news was as follows:

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

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