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 - Daily - Technical analysis published on 06/19/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 17,325.91 USD

My targets

18,800.93 USD (+5.26%)

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 17,325.91 USD. The next resistance located at 18,800.93 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.9

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 grmssaing84. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NASDAQ COMPOSITE INDEX price is 17,862.23 USD. The price has increased by +0.03% since the last closing with the lowest point at 17,796.88 USD and the highest point at 17,890.52 USD. The deviation from the price is +0.37% for the low point and -0.16% for the high point.

17,796.88

17,890.52

17,862.23

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

A technical analysis in Daily of this NASDAQ COMPOSITE INDEX chart shows a strongly bullish trend. 92.86% 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
The Central Indicators scanner found no further results concerning independent technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	15,282.01	16,057.40	16,437.74	17,862.23
Change (%)	-14.45%	-10.10%	-7.97%	-
Change	-2,580.22	-1,804.83	-1,424.49	-
Level	Intermediate	Major	Major	-

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17,715.59	17,756.24	17,809.23	17,849.88	17,902.87	17,943.52	17,996.51
Camarilla	17,836.48	17,845.06	17,853.65	17,862.23	17,870.81	17,879.40	17,887.98
Woodie	17,721.77	17,759.33	17,815.41	17,852.97	17,909.05	17,946.61	18,002.69
Fibonacci	17,756.24	17,792.01	17,814.11	17,849.88	17,885.65	17,907.75	17,943.52

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16,565.75	16,811.55	17,250.21	17,496.01	17,934.67	18,180.47	18,619.13
Camarilla	17,500.65	17,563.40	17,626.14	17,688.88	17,751.62	17,814.36	17,877.11
Woodie	16,662.19	16,859.77	17,346.65	17,544.23	18,031.11	18,228.69	18,715.57
Fibonacci	16,811.55	17,073.01	17,234.54	17,496.01	17,757.47	17,919.00	18,180.47

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14,375.87	14,966.75	15,850.89	16,441.77	17,325.91	17,916.79	18,800.93
Camarilla	16,329.39	16,464.60	16,599.81	16,735.02	16,870.23	17,005.44	17,140.65
Woodie	14,522.49	15,040.07	15,997.51	16,515.09	17,472.53	17,990.11	18,947.55
Fibonacci	14,966.75	15,530.21	15,878.32	16,441.77	17,005.23	17,353.34	17,916.79

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):	79.93
MACD (12,26,9):	353.2000
Directional Movement:	28.44
AROON (14):	78.57
DEMA (21):	17,658.87
Parabolic SAR (0,02-0,02-0,2):	17,013.74
Elder Ray (13):	435.44
Super Trend (3,10):	17,248.03
Zig ZAG (10):	17,862.23
VORTEX (21):	1.2000
Stochastique (14,3,5):	95.22
TEMA (21):	17,813.38
Williams %R (14):	-4.95
Chande Momentum Oscillator (20):	1,127.21
Repulse (5,40,3):	1.5600
ROCnROLL:	1
TRIX (15,9):	0.2600
Courbe Coppock:	9.08

MA7:	17,602.89
MA20:	17,155.18
MA50:	16,513.04
MA100:	16,253.80
MAexp7:	17,622.74
MAexp20:	17,217.58
MAexp50:	16,727.41
MAexp100:	16,224.82
Price / MA7:	+1.47%
Price / MA20:	+4.12%
Price / MA50:	+8.17%
Price / MA100:	+9.90%
Price / MAexp7:	+1.36%
Price / MAexp20:	+3.74%
Price / MAexp50:	+6.78%
Price / MAexp100:	+10.09%

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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