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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 09/14/2023 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 13,805.32 USD
My targets
14,011.58 USD (+0.57%)
14,060.85 USD (+0.92%)
My analysis
The bullish trend is currently very strong on NASDAQ COMPOSITE INDEX. As long as the price remains above the support at 13,805.32 USD, you could try to benefit from the boom. The first bullish objective is located at 14,011.58 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 14,060.85 USD as an objective. Crossing it would then enable buyers to target 14,149.62 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.9

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.

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

Additional analysis

Quotes

The NASDAQ COMPOSITE INDEX price is 13,932.37 USD. The price registered an increase of +0.86% on the session and was traded between 13,810.66 USD and 13,944.98 USD over the period. The price is currently at +0.88% from its lowest and -0.09% from its highest.

13,810.66
13,944.98
13,932.37

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

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 this 15 min. chart of NASDAQ COMPOSITE INDEX indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by 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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 15 minutes



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 engulfing lines

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 13,481.76 13,641.29 13,836.42 13,932.37 13,941.39 14,060.85 14,149.62
Change (%) -3.23% -2.09% -0.69% - +0.06% +0.92% +1.56%
Change -450.61 -291.08 -95.95 - +9.02 +128.48 +217.25
Level Minor Intermediate Minor - Major Minor Intermediate



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
Standard13,607.3313,670.5713,742.0813,805.3213,876.8313,940.0714,011.58
Camarilla13,776.5213,788.8813,801.2313,813.5813,825.9313,838.2813,850.64
Woodie13,611.4613,672.6413,746.2113,807.3913,880.9613,942.1414,015.71
Fibonacci13,670.5713,722.0513,753.8513,805.3213,856.8013,888.6013,940.07


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13,164.0013,403.2413,582.3813,821.6214,000.7614,240.0014,419.14
Camarilla13,646.4813,684.8313,723.1813,761.5313,799.8813,838.2313,876.59
Woodie13,133.9613,388.2213,552.3413,806.6013,970.7214,224.9814,389.10
Fibonacci13,403.2413,563.0613,661.8013,821.6213,981.4414,080.1814,240.00


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12,214.0512,687.9213,361.4513,835.3214,508.8514,982.7215,656.25
Camarilla13,719.4413,824.6113,929.7914,034.9714,140.1514,245.3314,350.51
Woodie12,313.8712,737.8413,461.2713,885.2414,608.6715,032.6415,756.07
Fibonacci12,687.9213,126.2313,397.0213,835.3214,273.6314,544.4214,982.72

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): 62.71
MACD (12,26,9): 26.5800
Directional Movement: 12.00
AROON (14): 64.29
DEMA (21): 13,911.80
Parabolic SAR (0,02-0,02-0,2): 13,848.63
Elder Ray (13): 38.29
Super Trend (3,10): 13,841.47
Zig ZAG (10): 13,922.75
VORTEX (21): 1.0400
Stochastique (14,3,5): 87.46
TEMA (21): 13,928.04
Williams %R (14): -16.84
Chande Momentum Oscillator (20): 107.94
Repulse (5,40,3): 0.0300
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 1.31
MA7: 13,830.51
MA20: 13,747.47
MA50: 13,880.14
MA100: 13,382.39
MAexp7: 13,910.47
MAexp20: 13,881.75
MAexp50: 13,855.25
MAexp100: 13,848.81
Price / MA7: +0.74%
Price / MA20: +1.34%
Price / MA50: +0.38%
Price / MA100: +4.11%
Price / MAexp7: +0.16%
Price / MAexp20: +0.36%
Price / MAexp50: +0.56%
Price / MAexp100: +0.60%

Quotes : - 15 min delayed data - NASDAQ US Indices

News


The last news published on NASDAQ COMPOSITE INDEX at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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