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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 - 1H - Technical analysis published on 04/11/2023 (GMT)

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

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 11,899.30 USD
My targets
12,200.80 USD (+1.00%)
12,493.90 USD (+3.42%)
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 11,899.30 USD. The next resistance located at 12,200.80 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 12,493.90 USD. After this resistance, buyers could then target 12,720.60 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

NASDAQ COMPOSITE INDEX rating 12,080.33 USD. The price is lower by -0.03% since the last closing and was traded between 12,011.40 USD and 12,091.27 USD over the period. The price is currently at +0.57% from its lowest and -0.09% from its highest.

12,011.40
12,091.27
12,080.33

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by NASDAQ COMPOSITE INDEX:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 this 1H chart of NASDAQ COMPOSITE INDEX indicates that the overall trend is strongly bullish. 89.29% 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.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



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

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish harami cross

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 11,482.40 11,668.70 11,899.30 12,080.33 12,094.50 12,200.80 12,493.90
Change (%) -4.95% -3.41% -1.50% - +0.12% +1.00% +3.42%
Change -597.93 -411.63 -181.03 - +14.17 +120.47 +413.57
Level Minor Intermediate Intermediate - Minor Major Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11,816.6411,870.4211,977.3912,031.1712,138.1412,191.9212,298.89
Camarilla12,040.1512,054.8912,069.6312,084.3612,099.1012,113.8312,128.57
Woodie11,843.2411,883.7212,003.9912,044.4712,164.7412,205.2212,325.49
Fibonacci11,870.4211,931.8311,969.7612,031.1712,092.5812,130.5112,191.92


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11,589.6711,744.0111,915.9912,070.3312,242.3112,396.6512,568.63
Camarilla11,998.2212,028.1412,058.0512,087.9612,117.8712,147.7912,177.70
Woodie11,598.4811,748.4211,924.8012,074.7412,251.1212,401.0612,577.44
Fibonacci11,744.0111,868.6711,945.6812,070.3312,194.9912,272.0012,396.65


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10,148.7010,565.7511,393.8311,810.8812,638.9613,056.0113,884.09
Camarilla11,879.5011,993.6412,107.7712,221.9112,336.0512,450.1812,564.32
Woodie10,354.2210,668.5111,599.3511,913.6412,844.4813,158.7714,089.61
Fibonacci10,565.7511,041.3911,335.2411,810.8812,286.5212,580.3713,056.01

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): 53.80
MACD (12,26,9): 6.2900
Directional Movement: 0.67
AROON (14): -14.29
DEMA (21): 12,049.23
Parabolic SAR (0,02-0,02-0,2): 11,957.67
Elder Ray (13): 20.79
Super Trend (3,10): 11,938.65
Zig ZAG (10): 12,073.01
VORTEX (21): 1.1300
Stochastique (14,3,5): 82.17
TEMA (21): 12,050.14
Williams %R (14): -12.54
Chande Momentum Oscillator (20): 135.88
Repulse (5,40,3): 0.3300
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.59
MA7: 12,111.88
MA20: 11,861.31
MA50: 11,742.03
MA100: 11,350.67
MAexp7: 12,056.37
MAexp20: 12,043.25
MAexp50: 12,018.92
MAexp100: 11,934.90
Price / MA7: -0.26%
Price / MA20: +1.85%
Price / MA50: +2.88%
Price / MA100: +6.43%
Price / MAexp7: +0.20%
Price / MAexp20: +0.31%
Price / MAexp50: +0.51%
Price / MAexp100: +1.22%

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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