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 09/14/2023 (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

72%

22%

My opinion

Bullish above 13,836.42 USD

My targets

14,060.85 USD (+0.93%)

14,149.62 USD (+1.57%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NASDAQ COMPOSITE INDEX as long as the price remains well above 13,836.42 USD. The buyers' bullish objective is set at 14,060.85 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 14,149.62 USD. If there is any crossing, the next objective would be the resistance located at 14,320.08 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.5

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 price is 13,931.02 USD. On the day, this instrument gained +0.85% with the lowest point at 13,810.66 USD and the highest point at 13,944.98 USD. The deviation from the price is +0.87% for the low point and -0.10% for the high point.

13,810.66

13,944.98

13,931.02

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

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by NASDAQ COMPOSITE INDEX:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 1H of this NASDAQ COMPOSITE INDEX chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13,481.76	13,641.29	13,836.42	13,931.02	13,941.39	14,060.85	14,149.62
Change (%)	-3.22%	-2.08%	-0.68%	-	+0.07%	+0.93%	+1.57%
Change	-449.26	-289.73	-94.60	-	+10.37	+129.83	+218.60
Level	Minor	Intermediate	Minor	-	Major	Minor	Intermediate

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
Standard	13,607.33	13,670.57	13,742.08	13,805.32	13,876.83	13,940.07	14,011.58
Camarilla	13,776.52	13,788.88	13,801.23	13,813.58	13,825.93	13,838.28	13,850.64
Woodie	13,611.46	13,672.64	13,746.21	13,807.39	13,880.96	13,942.14	14,015.71
Fibonacci	13,670.57	13,722.05	13,753.85	13,805.32	13,856.80	13,888.60	13,940.07

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13,164.00	13,403.24	13,582.38	13,821.62	14,000.76	14,240.00	14,419.14
Camarilla	13,646.48	13,684.83	13,723.18	13,761.53	13,799.88	13,838.23	13,876.59
Woodie	13,133.96	13,388.22	13,552.34	13,806.60	13,970.72	14,224.98	14,389.10
Fibonacci	13,403.24	13,563.06	13,661.80	13,821.62	13,981.44	14,080.18	14,240.00

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	60.72
MACD (12,26,9):	15.5500
Directional Movement:	9.06
AROON (14):	57.15
DEMA (21):	13,867.77
Parabolic SAR (0,02-0,02-0,2):	13,773.31
Elder Ray (13):	59.18
Super Trend (3,10):	13,761.86
Zig ZAG (10):	13,919.71
VORTEX (21):	1.0500
Stochastique (14,3,5):	91.47
TEMA (21):	13,890.43
Williams %R (14):	-12.24
Chande Momentum Oscillator (20):	139.91
Repulse (5,40,3):	0.3400
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.50

MA7:	13,830.51
MA20:	13,747.47
MA50:	13,880.14
MA100:	13,382.39
MAexp7:	13,884.95
MAexp20:	13,853.70
MAexp50:	13,846.69
MAexp100:	13,831.40
Price / MA7:	+0.73%
Price / MA20:	+1.34%
Price / MA50:	+0.37%
Price / MA100:	+4.10%
Price / MAexp7:	+0.33%
Price / MAexp20:	+0.56%
Price / MAexp50:	+0.61%
Price / MAexp100:	+0.72%

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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