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 06/20/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 17,325.91 USD

My targets

17,916.79 USD (+1.10%)

18,800.93 USD (+6.09%)

My analysis

The bullish trend is currently very strong on NASDAQ COMPOSITE INDEX. As long as the price remains above the support at 17,325.91 USD, you could try to benefit from the boom. The first bullish objective is located at 17,916.79 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 18,800.93 USD as an objective. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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 17,721.59 USD. The price is lower by -0.79% since the last closing and was between 17,650.70 USD and 17,936.79 USD. This implies that the price is at +0.40% from its lowest and at -1.20% from its highest.

17,650.70

17,936.79

17,721.59

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

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

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of NASDAQ COMPOSITE INDEX indicates that the overall trend is strongly bullish. 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 market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

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

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	15,282.01	16,057.40	16,437.74	17,721.59
Change (%)	-13.77%	-9.39%	-7.24%	-
Change	-2,439.58	-1,664.19	-1,283.85	-
Level	Intermediate	Major	Major	-

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	17,316.51	17,483.60	17,602.60	17,769.69	17,888.69	18,055.78	18,174.78
Camarilla	17,642.92	17,669.14	17,695.37	17,721.59	17,747.82	17,774.04	17,800.27
Woodie	17,292.46	17,471.58	17,578.55	17,757.67	17,864.64	18,043.76	18,150.73
Fibonacci	17,483.60	17,592.89	17,660.41	17,769.69	17,878.98	17,946.50	18,055.78

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 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):	72.28
MACD (12,26,9):	349.5100
Directional Movement:	20.56
AROON (14):	92.86
DEMA (21):	17,708.18
Parabolic SAR (0,02-0,02-0,2):	17,124.41
Elder Ray (13):	340.73
Super Trend (3,10):	17,248.03
Zig ZAG (10):	17,721.59
VORTEX (21):	1.1400
Stochastique (14,3,5):	91.77
TEMA (21):	17,849.86
Williams %R (14):	-14.43
Chande Momentum Oscillator (20):	892.92
Repulse (5,40,3):	-0.2200
ROCnROLL:	1
TRIX (15,9):	0.2600
Courbe Coppock:	9.69

MA7:	17,678.47
MA20:	17,199.63
MA50:	16,541.33
MA100:	16,276.46
MAexp7:	17,647.45
MAexp20:	17,265.58
MAexp50:	16,766.40
MAexp100:	16,254.54
Price / MA7:	+0.24%
Price / MA20:	+3.03%
Price / MA50:	+7.14%
Price / MA100:	+8.88%
Price / MAexp7:	+0.42%
Price / MAexp20:	+2.64%
Price / MAexp50:	+5.70%
Price / MAexp100:	+9.03%

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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