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NASDAQ COMPOSITE INDEX
NASDAQ COMPOSITE INDEX
- USD (-)
- 15 min delayed data - NASDAQ US Indices
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Indices
Ticker: COMP
ISIN: XC0009694271

NASDAQ COMPOSITE INDEX - 15 min. - Technical analysis published on 10/05/2022 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 11,089.91 USD
My targets
11,269.05 USD (+1.08%)
11,389.47 USD (+2.16%)
My analysis
NASDAQ COMPOSITE 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 11,089.91 USD. The next resistance located at 11,269.05 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 11,389.47 USD. After this resistance, buyers could then target 11,568.61 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
7.7

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.

ammour
This analysis was given by ammour. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The NASDAQ COMPOSITE INDEX price is 11,148.64 USD. The price is lower by -0.25% since the last closing and was traded between 10,910.76 USD and 11,210.32 USD over the period. The price is currently at +2.18% from its lowest and -0.55% from its highest.

10,910.76
11,210.32
11,148.64

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand 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:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of NASDAQ COMPOSITE INDEX in 15 min. shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong 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.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

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
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8,303.06 9,817.18 10,643.50 11,148.64 11,258.80 11,611.40 12,269.90
Change (%) -25.52% -11.94% -4.53% - +0.99% +4.15% +10.06%
Change -2,845.58 -1,331.46 -505.14 - +110.16 +462.76 +1,121.26
Level Minor Intermediate Major - Intermediate Intermediate Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10,669.9310,790.3510,969.4911,089.9111,269.0511,389.4711,568.61
Camarilla11,066.2611,093.7211,121.1811,148.6411,176.1011,203.5611,231.02
Woodie10,699.3010,805.0310,998.8611,104.5911,298.4211,404.1511,597.98
Fibonacci10,790.3510,904.7810,975.4811,089.9111,204.3411,275.0411,389.47


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9,868.9610,220.6510,398.1310,749.8210,927.3011,278.9911,456.47
Camarilla10,430.1010,478.6110,527.1110,575.6210,624.1310,672.6410,721.14
Woodie9,781.8710,177.1010,311.0410,706.2710,840.2111,235.4411,369.38
Fibonacci10,220.6510,422.7910,547.6710,749.8210,951.9611,076.8411,278.99


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8,310.719,441.5210,008.5711,139.3811,706.4312,837.2413,404.29
Camarilla10,108.7110,264.3510,419.9810,575.6210,731.2610,886.8911,042.53
Woodie8,028.839,300.589,726.6910,998.4411,424.5512,696.3013,122.41
Fibonacci9,441.5210,090.1010,490.8011,139.3811,787.9612,188.6612,837.24

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): 58.63
MACD (12,26,9): 35.5300
Directional Movement: 12.65
AROON (14): 78.57
DEMA (21): 11,150.94
Parabolic SAR (0,02-0,02-0,2): 11,110.66
Elder Ray (13): 35.89
Super Trend (3,10): 11,092.75
Zig ZAG (10): 11,148.64
VORTEX (21): 1.3100
Stochastique (14,3,5): 81.76
TEMA (21): 11,169.93
Williams %R (14): -33.30
Chande Momentum Oscillator (20): 86.27
Repulse (5,40,3): -0.2400
ROCnROLL: 1
TRIX (15,9): 0.0300
Courbe Coppock: 2.67
MA7: 10,904.96
MA20: 11,292.38
MA50: 11,966.04
MA100: 11,737.67
MAexp7: 11,155.12
MAexp20: 11,110.36
MAexp50: 11,055.24
MAexp100: 10,986.91
Price / MA7: +2.23%
Price / MA20: -1.27%
Price / MA50: -6.83%
Price / MA100: -5.02%
Price / MAexp7: -0.06%
Price / MAexp20: +0.34%
Price / MAexp50: +0.84%
Price / MAexp100: +1.47%

Quotes : - 15 min delayed data - NASDAQ US Indices

News


The latest news and videos published on NASDAQ COMPOSITE 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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