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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 07/10/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Neutral
Technical indicators
17%
72%
11%
My opinion
Bearish under 13,782.80 USD
My targets
13,568.90 USD (-0.65%)
13,333.10 USD (-2.38%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for NASDAQ COMPOSITE INDEX as long as the price remains well below 13,782.80 USD. The sellers' bearish objective is set at 13,568.90 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 13,333.10 USD. If there is any crossing, the next objective would be the support located at 13,128.10 USD.

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
3.2

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 13,657.51 USD. The price is lower by -0.02% since the last closing and was traded between 13,589.91 USD and 13,692.41 USD over the period. The price is currently at +0.50% from its lowest and -0.25% from its highest.

13,589.91
13,692.41
13,657.51

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



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


Technical analysis of NASDAQ COMPOSITE INDEX in 1H shows a neutral overall trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a strong bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



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

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

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 13,128.10 13,333.10 13,568.90 13,657.51 13,782.80 14,109.90 16,057.40
Change (%) -3.88% -2.38% -0.65% - +0.92% +3.31% +17.57%
Change -529.41 -324.41 -88.61 - +125.29 +452.39 +2,399.89
Level Major Intermediate Intermediate - Major Minor Major



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
Standard13,462.3513,559.5413,610.1313,707.3213,757.9113,855.1013,905.69
Camarilla13,620.0813,633.6313,647.1713,660.7213,674.2713,687.8113,701.36
Woodie13,439.0513,547.8913,586.8313,695.6713,734.6113,843.4513,882.39
Fibonacci13,559.5413,615.9913,650.8713,707.3213,763.7713,798.6513,855.10


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13,259.9013,413.5713,537.1513,690.8213,814.4013,968.0714,091.65
Camarilla13,584.4813,609.8913,635.3113,660.7213,686.1413,711.5513,736.96
Woodie13,244.8513,406.0513,522.1013,683.3013,799.3513,960.5514,076.60
Fibonacci13,413.5713,519.4813,584.9113,690.8213,796.7313,862.1613,968.07


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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 44.75
MACD (12,26,9): -7.4800
Directional Movement: -13.83
AROON (14): 64.29
DEMA (21): 13,701.41
Parabolic SAR (0,02-0,02-0,2): 13,800.22
Elder Ray (13): -46.38
Super Trend (3,10): 13,797.09
Zig ZAG (10): 13,639.06
VORTEX (21): 0.9500
Stochastique (14,3,5): 30.06
TEMA (21): 13,670.48
Williams %R (14): -69.70
Chande Momentum Oscillator (20): -19.91
Repulse (5,40,3): -0.6100
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.08
MA7: 13,709.75
MA20: 13,607.57
MA50: 12,990.70
MA100: 12,387.97
MAexp7: 13,681.88
MAexp20: 13,705.19
MAexp50: 13,682.63
MAexp100: 13,601.50
Price / MA7: -0.38%
Price / MA20: +0.37%
Price / MA50: +5.13%
Price / MA100: +10.25%
Price / MAexp7: -0.18%
Price / MAexp20: -0.35%
Price / MAexp50: -0.19%
Price / MAexp100: +0.41%

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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