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 09/05/2023 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

39%

28%

33%

My opinion

Bullish above 13,722.43 USD

My targets

14,149.62 USD (+0.78%)

14,320.08 USD (+1.99%)

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 13,722.43 USD. The next resistance located at 14,149.62 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 14,320.08 USD. After this resistance, buyers could then target 16,057.40 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 are indecisive, but do not change the general bullish opinion of this analysis.

Force

6.4

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

Additional analysis

Quotes

The NASDAQ COMPOSITE INDEX rating is 14,040.06 USD. The price has increased by +0.06% since the last closing with the lowest point at 13,945.65 USD and the highest point at 14,059.68 USD. The deviation from the price is +0.68% for the low point and -0.14% for the high point.

13,945.65

14,059.68

14,040.06

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

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

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 NASDAQ COMPOSITE INDEX in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

On the 18 technical indicators analysed, 7 are bullish, 6 are neutral and 5 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13,376.35	13,582.49	14,008.09	14,040.06	14,149.62	14,320.08	16,057.40
Change (%)	-4.73%	-3.26%	-0.23%	-	+0.78%	+1.99%	+14.37%
Change	-663.71	-457.57	-31.97	-	+109.56	+280.02	+2,017.34
Level	Intermediate	Minor	Minor	-	Minor	Major	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13,792.41	13,887.42	13,959.61	14,054.62	14,126.81	14,221.82	14,294.01
Camarilla	13,985.83	14,001.16	14,016.48	14,031.81	14,047.14	14,062.46	14,077.79
Woodie	13,781.01	13,881.72	13,948.21	14,048.92	14,115.41	14,216.12	14,282.61
Fibonacci	13,887.42	13,951.29	13,990.75	14,054.62	14,118.49	14,157.95	14,221.82

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13,199.45	13,413.04	13,722.43	13,936.02	14,245.41	14,459.00	14,768.39
Camarilla	13,887.99	13,935.93	13,983.87	14,031.81	14,079.75	14,127.69	14,175.63
Woodie	13,247.34	13,436.99	13,770.32	13,959.97	14,293.30	14,482.95	14,816.28
Fibonacci	13,413.04	13,612.82	13,736.25	13,936.02	14,135.80	14,259.23	14,459.00

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12,214.05	12,687.92	13,361.45	13,835.32	14,508.85	14,982.72	15,656.25
Camarilla	13,719.44	13,824.61	13,929.79	14,034.97	14,140.15	14,245.33	14,350.51
Woodie	12,313.87	12,737.84	13,461.27	13,885.24	14,608.67	15,032.64	15,756.07
Fibonacci	12,687.92	13,126.23	13,397.02	13,835.32	14,273.63	14,544.42	14,982.72

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):	58.35
MACD (12,26,9):	35.9600
Directional Movement:	7.73
AROON (14):	-50.00
DEMA (21):	14,062.08
Parabolic SAR (0,02-0,02-0,2):	14,060.09
Elder Ray (13):	11.34
Super Trend (3,10):	13,909.18
Zig ZAG (10):	14,046.19
VORTEX (21):	0.9500
Stochastique (14,3,5):	38.01
TEMA (21):	14,026.88
Williams %R (14):	-51.46
Chande Momentum Oscillator (20):	-13.23
Repulse (5,40,3):	0.3100
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	0.55

MA7:	13,909.86
MA20:	13,702.43
MA50:	13,853.87
MA100:	13,263.43
MAexp7:	14,017.77
MAexp20:	14,001.59
MAexp50:	13,892.56
MAexp100:	13,815.24
Price / MA7:	+0.94%
Price / MA20:	+2.46%
Price / MA50:	+1.34%
Price / MA100:	+5.86%
Price / MAexp7:	+0.16%
Price / MAexp20:	+0.27%
Price / MAexp50:	+1.06%
Price / MAexp100:	+1.63%

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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