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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 10/21/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
6%
83%
11%
My opinion
Bearish under 13,128.10 USD
My targets
12,720.80 USD (-2.03%)
12,563.01 USD (-3.24%)
My analysis
NASDAQ COMPOSITE INDEX is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 13,128.10 USD. The next support located at 12,720.80 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 12,563.01 USD. Below this support, sellers could then target 12,056.44 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

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
8.2

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.

adhemar
This analysis was given by adhemar. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

NASDAQ COMPOSITE INDEX rating 12,983.81 USD. On the day, this instrument lost -1.54% and was between 12,977.43 USD and 13,177.35 USD. This implies that the price is at +0.05% from its lowest and at -1.47% from its highest.

12,977.43
13,177.35
12,983.81

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

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 an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of NASDAQ COMPOSITE INDEX in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 15 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 11,138.90 12,056.44 12,720.80 12,983.81 13,008.60 13,128.10 13,362.48
Change (%) -14.21% -7.14% -2.03% - +0.19% +1.11% +2.92%
Change -1,844.91 -927.37 -263.01 - +24.79 +144.29 +378.67
Level Intermediate Major Minor - Minor Major Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12,715.1212,846.2812,915.0413,046.2013,114.9613,246.1213,314.88
Camarilla12,928.8312,947.1612,965.4812,983.8113,002.1413,020.4613,038.79
Woodie12,683.9312,830.6812,883.8513,030.6013,083.7713,230.5213,283.69
Fibonacci12,846.2812,922.6512,969.8313,046.2013,122.5713,169.7513,246.12


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12,148.5912,563.0112,773.4113,187.8313,398.2313,812.6514,023.05
Camarilla12,811.9912,869.2612,926.5412,983.8113,041.0913,098.3613,155.64
Woodie12,046.5812,512.0112,671.4013,136.8313,296.2213,761.6513,921.04
Fibonacci12,563.0112,801.6912,949.1513,187.8313,426.5113,573.9713,812.65


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11,551.9912,257.5712,738.4513,444.0313,924.9114,630.4915,111.37
Camarilla12,893.0413,001.8013,110.5613,219.3213,328.0813,436.8413,545.60
Woodie11,439.6312,201.4012,626.0913,387.8613,812.5514,574.3214,999.01
Fibonacci12,257.5712,710.8012,990.8113,444.0313,897.2614,177.2714,630.49

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): 27.51
MACD (12,26,9): -117.3900
Directional Movement: -22.00
AROON (14): -71.43
DEMA (21): 13,056.50
Parabolic SAR (0,02-0,02-0,2): 13,107.84
Elder Ray (13): -125.47
Super Trend (3,10): 13,262.58
Zig ZAG (10): 12,983.81
VORTEX (21): 0.7000
Stochastique (14,3,5): 12.21
TEMA (21): 12,989.43
Williams %R (14): -98.51
Chande Momentum Oscillator (20): -317.50
Repulse (5,40,3): -0.8400
ROCnROLL: 2
TRIX (15,9): -0.1100
Courbe Coppock: 4.54
MA7: 13,366.78
MA20: 13,318.85
MA50: 13,537.48
MA100: 13,646.76
MAexp7: 13,067.03
MAexp20: 13,201.09
MAexp50: 13,329.04
MAexp100: 13,377.07
Price / MA7: -2.87%
Price / MA20: -2.52%
Price / MA50: -4.09%
Price / MA100: -4.86%
Price / MAexp7: -0.64%
Price / MAexp20: -1.65%
Price / MAexp50: -2.59%
Price / MAexp100: -2.94%

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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