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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 07/06/2023 (GMT)

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 13,675.52 USD
My targets
13,333.10 USD (-2.01%)
13,128.10 USD (-3.52%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NASDAQ COMPOSITE INDEX as long as the price remains well below 13,675.52 USD. The sellers' bearish objective is set at 13,333.10 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 13,128.10 USD. In case of crossing, the next objective would be the support located at 12,892.20 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.8

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.

jarias81197
This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The NASDAQ COMPOSITE INDEX price is 13,607.07 USD. The price is lower by -1.34% since the last closing and was traded between 13,567.25 USD and 13,662.90 USD over the period. The price is currently at +0.29% from its lowest and -0.41% from its highest.

13,567.25
13,662.90
13,607.07

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

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 15 min. of this NASDAQ COMPOSITE INDEX chart shows a sharp bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 15 minutes


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.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 12,892.20 13,128.10 13,333.10 13,607.07 13,654.90 13,782.80 14,109.90
Change (%) -5.25% -3.52% -2.01% - +0.35% +1.29% +3.70%
Change -714.87 -478.97 -273.97 - +47.83 +175.73 +502.83
Level Minor Intermediate Intermediate - Intermediate Intermediate Minor



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
Standard13,675.5213,719.8813,755.7713,800.1313,836.0213,880.3813,916.27
Camarilla13,769.5813,776.9413,784.2913,791.6513,799.0113,806.3613,813.72
Woodie13,671.2813,717.7613,751.5313,798.0113,831.7813,878.2613,912.03
Fibonacci13,719.8813,750.5413,769.4813,800.1313,830.7913,849.7313,880.38


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12,993.7213,164.0613,475.9913,646.3313,958.2614,128.6014,440.53
Camarilla13,655.3013,699.5013,743.7113,787.9213,832.1313,876.3413,920.54
Woodie13,064.5213,199.4613,546.7913,681.7314,029.0614,164.0014,511.33
Fibonacci13,164.0613,348.2913,462.1013,646.3313,830.5613,944.3714,128.60


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12,212.4812,558.0413,172.9813,518.5414,133.4814,479.0415,093.98
Camarilla13,523.7813,611.8313,699.8713,787.9213,875.9713,964.0114,052.06
Woodie12,347.1712,625.3913,307.6713,585.8914,268.1714,546.3915,228.67
Fibonacci12,558.0412,924.9513,151.6313,518.5413,885.4514,112.1314,479.04

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): 21.27
MACD (12,26,9): -59.5100
Directional Movement: -38.01
AROON (14): -57.15
DEMA (21): 13,618.32
Parabolic SAR (0,02-0,02-0,2): 13,734.23
Elder Ray (13): -78.47
Super Trend (3,10): 13,667.68
Zig ZAG (10): 13,574.81
VORTEX (21): 0.8600
Stochastique (14,3,5): 1.54
TEMA (21): 13,571.32
Williams %R (14): -95.88
Chande Momentum Oscillator (20): -226.44
Repulse (5,40,3): -0.1400
ROCnROLL: 2
TRIX (15,9): -0.0400
Courbe Coppock: 2.82
MA7: 13,678.15
MA20: 13,555.45
MA50: 12,916.08
MA100: 12,350.21
MAexp7: 13,607.81
MAexp20: 13,685.91
MAexp50: 13,732.58
MAexp100: 13,714.45
Price / MA7: -0.52%
Price / MA20: +0.38%
Price / MA50: +5.35%
Price / MA100: +10.18%
Price / MAexp7: +0.00%
Price / MAexp20: -0.57%
Price / MAexp50: -0.91%
Price / MAexp100: -0.78%

Quotes : - 15 min delayed data - NASDAQ US Indices

News


Don't forget to follow the news on NASDAQ COMPOSITE 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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