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 04/05/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

61%

11%

My opinion

Bearish under 16,329.23 USD

My targets

15,907.75 USD (-1.76%)

15,766.41 USD (-2.63%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NASDAQ COMPOSITE INDEX as long as the price remains well below 16,329.23 USD. The sellers' bearish objective is set at 15,907.75 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 15,766.41 USD. In case of crossing, the next objective would be the support located at 15,486.27 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

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 price is 16,192.40 USD. On the day, this instrument gained +0.89% and was between 16,080.48 USD and 16,195.34 USD. This implies that the price is at +0.70% from its lowest and at -0.02% from its highest.

16,080.48

16,195.34

16,192.40

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

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 15 min. of this NASDAQ COMPOSITE INDEX chart shows a sharp bearish trend. 85.71% 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 market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 2 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

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

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

Bearish harami cross

Type : Bearish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	15,978.16	16,057.40	16,137.91	16,192.40	16,302.20	16,362.65	16,538.87
Change (%)	-1.32%	-0.83%	-0.34%	-	+0.68%	+1.05%	+2.14%
Change	-214.24	-135.00	-54.49	-	+109.80	+170.25	+346.47
Level	Minor	Major	Intermediate	-	Intermediate	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15,486.27	15,766.41	15,907.75	16,187.89	16,329.23	16,609.37	16,750.71
Camarilla	15,933.17	15,971.81	16,010.44	16,049.08	16,087.72	16,126.35	16,164.99
Woodie	15,416.86	15,731.71	15,838.34	16,153.19	16,259.82	16,574.67	16,681.30
Fibonacci	15,766.41	15,927.42	16,026.89	16,187.89	16,348.90	16,448.37	16,609.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16,083.08	16,181.13	16,280.29	16,378.34	16,477.50	16,575.55	16,674.71
Camarilla	16,325.23	16,343.31	16,361.38	16,379.46	16,397.54	16,415.62	16,433.69
Woodie	16,083.65	16,181.41	16,280.86	16,378.62	16,478.07	16,575.83	16,675.28
Fibonacci	16,181.13	16,256.46	16,303.00	16,378.34	16,453.67	16,500.21	16,575.55

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15,305.53	15,584.08	15,981.77	16,260.32	16,658.01	16,936.56	17,334.25
Camarilla	16,193.49	16,255.48	16,317.47	16,379.46	16,441.45	16,503.44	16,565.43
Woodie	15,365.10	15,613.87	16,041.34	16,290.11	16,717.58	16,966.35	17,393.82
Fibonacci	15,584.08	15,842.40	16,002.00	16,260.32	16,518.64	16,678.24	16,936.56

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):	34.73
MACD (12,26,9):	-71.1300
Directional Movement:	-29.03
AROON (14):	-85.71
DEMA (21):	16,170.58
Parabolic SAR (0,02-0,02-0,2):	16,236.34
Elder Ray (13):	-54.27
Super Trend (3,10):	16,204.02
Zig ZAG (10):	16,174.21
VORTEX (21):	0.6200
Stochastique (14,3,5):	19.41
TEMA (21):	16,107.60
Williams %R (14):	-64.71
Chande Momentum Oscillator (20):	-253.22
Repulse (5,40,3):	0.2800
ROCnROLL:	2
TRIX (15,9):	-0.0400
Courbe Coppock:	3.77

MA7:	16,273.17
MA20:	16,235.27
MA50:	15,977.50
MA100:	15,301.42
MAexp7:	16,160.19
MAexp20:	16,245.17
MAexp50:	16,294.84
MAexp100:	16,310.76
Price / MA7:	-0.50%
Price / MA20:	-0.26%
Price / MA50:	+1.35%
Price / MA100:	+5.82%
Price / MAexp7:	+0.20%
Price / MAexp20:	-0.32%
Price / MAexp50:	-0.63%
Price / MAexp100:	-0.73%

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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