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 07/22/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

33%

My opinion

Bearish under 19,979.48 USD

My targets

19,474.62 USD (-1.73%)

19,113.90 USD (-3.55%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 19,979.48 USD remains possible. It is advisable to trade NASDAQ100 INDEX with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 19,979.48 USD. The next bearish objective for sellers is set at 19,474.62 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 19,113.90 USD. In case of crossing, the next objective would be the support located at 18,940.70 USD. PS: if there is a bullish break in the resistance located at 19,979.48 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

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

Additional analysis

Quotes

The NASDAQ100 INDEX rating is 19,818.03 USD. The price registered an increase of +1.51% on the session and was traded between 19,638.37 USD and 19,861.72 USD over the period. The price is currently at +0.91% from its lowest and -0.22% from its highest.

19,638.37

19,861.72

19,818.03

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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. The signals given by moving averages are 64.29% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Black evening star

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	18,940.70	19,113.90	19,474.62	19,818.03	19,979.48	20,402.44	20,675.38
Change (%)	-4.43%	-3.55%	-1.73%	-	+0.81%	+2.95%	+4.33%
Change	-877.33	-704.13	-343.41	-	+161.45	+584.41	+857.35
Level	Minor	Minor	Intermediate	-	Intermediate	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19,101.41	19,290.39	19,406.51	19,595.49	19,711.61	19,900.59	20,016.71
Camarilla	19,438.72	19,466.69	19,494.65	19,522.62	19,550.59	19,578.56	19,606.52
Woodie	19,064.97	19,272.18	19,370.07	19,577.28	19,675.17	19,882.38	19,980.27
Fibonacci	19,290.39	19,406.94	19,478.95	19,595.49	19,712.04	19,784.05	19,900.59

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18,033.82	18,756.60	19,139.61	19,862.39	20,245.40	20,968.18	21,351.19
Camarilla	19,218.53	19,319.89	19,421.26	19,522.62	19,623.98	19,725.35	19,826.71
Woodie	17,863.94	18,671.66	18,969.73	19,777.45	20,075.52	20,883.24	21,181.31
Fibonacci	18,756.60	19,179.01	19,439.98	19,862.39	20,284.80	20,545.77	20,968.18

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17,085.92	17,739.24	18,711.06	19,364.38	20,336.20	20,989.52	21,961.34
Camarilla	19,235.96	19,384.93	19,533.90	19,682.87	19,831.84	19,980.81	20,129.78
Woodie	17,245.16	17,818.87	18,870.30	19,444.01	20,495.44	21,069.15	22,120.58
Fibonacci	17,739.24	18,360.05	18,743.58	19,364.38	19,985.19	20,368.72	20,989.52

Numerical data

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

Technical indicators

Moving averages

RSI (14):	51.20
MACD (12,26,9):	-56.0500
Directional Movement:	-0.93
AROON (14):	57.15
DEMA (21):	19,664.39
Parabolic SAR (0,02-0,02-0,2):	19,527.76
Elder Ray (13):	75.81
Super Trend (3,10):	19,885.10
Zig ZAG (10):	19,827.15
VORTEX (21):	0.9300
Stochastique (14,3,5):	92.46
TEMA (21):	19,724.93
Williams %R (14):	-8.56
Chande Momentum Oscillator (20):	180.32
Repulse (5,40,3):	0.2300
ROCnROLL:	-1
TRIX (15,9):	-0.0800
Courbe Coppock:	0.65

MA7:	19,995.02
MA20:	20,027.87
MA50:	19,356.49
MA100:	18,646.11
MAexp7:	19,771.78
MAexp20:	19,770.41
MAexp50:	19,933.07
MAexp100:	19,979.56
Price / MA7:	-0.89%
Price / MA20:	-1.05%
Price / MA50:	+2.38%
Price / MA100:	+6.29%
Price / MAexp7:	+0.23%
Price / MAexp20:	+0.24%
Price / MAexp50:	-0.58%
Price / MAexp100:	-0.81%

Quotes : - 15 min delayed data - NASDAQ US Indices

News

The last news published on NASDAQ100 INDEX at the time of the generation of this analysis was as follows:

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

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