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 06/24/2024 (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

50%

22%

28%

My opinion

Bullish above 17,325.91 USD

My targets

17,916.79 USD (+2.40%)

18,800.93 USD (+7.45%)

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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

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 rating is 17,496.82 USD. On the day, this instrument lost -1.09% and was between 17,494.02 USD and 17,730.12 USD. This implies that the price is at +0.02% from its lowest and at -1.32% from its highest.

17,494.02

17,730.12

17,496.82

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.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NASDAQ COMPOSITE INDEX in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

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

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	17,496.82
Change (%)	-12.66%	-8.23%	-6.05%	-
Change	-2,214.81	-1,439.42	-1,059.08	-
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	17,181.09	17,337.55	17,417.19	17,573.65	17,653.29	17,809.75	17,889.39
Camarilla	17,431.89	17,453.54	17,475.18	17,496.82	17,518.46	17,540.11	17,561.75
Woodie	17,142.67	17,318.35	17,378.77	17,554.45	17,614.87	17,790.55	17,850.97
Fibonacci	17,337.55	17,427.74	17,483.46	17,573.65	17,663.84	17,719.56	17,809.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17,244.80	17,432.69	17,561.02	17,748.91	17,877.24	18,065.13	18,193.46
Camarilla	17,602.40	17,631.39	17,660.37	17,689.36	17,718.35	17,747.33	17,776.32
Woodie	17,215.03	17,417.80	17,531.25	17,734.02	17,847.47	18,050.24	18,163.69
Fibonacci	17,432.69	17,553.48	17,628.11	17,748.91	17,869.70	17,944.33	18,065.13

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):	61.48
MACD (12,26,9):	313.4300
Directional Movement:	12.42
AROON (14):	85.71
DEMA (21):	17,738.73
Parabolic SAR (0,02-0,02-0,2):	17,335.96
Elder Ray (13):	123.85
Super Trend (3,10):	17,248.03
Zig ZAG (10):	17,496.82
VORTEX (21):	1.1000
Stochastique (14,3,5):	76.44
TEMA (21):	17,829.36
Williams %R (14):	-37.08
Chande Momentum Oscillator (20):	308.92
Repulse (5,40,3):	-1.5800
ROCnROLL:	-1
TRIX (15,9):	0.2700
Courbe Coppock:	9.23

MA7:	17,711.92
MA20:	17,282.06
MA50:	16,592.81
MA100:	16,316.94
MAexp7:	17,617.65
MAexp20:	17,324.12
MAexp50:	16,829.83
MAexp100:	16,306.95
Price / MA7:	-1.21%
Price / MA20:	+1.24%
Price / MA50:	+5.45%
Price / MA100:	+7.23%
Price / MAexp7:	-0.69%
Price / MAexp20:	+1.00%
Price / MAexp50:	+3.96%
Price / MAexp100:	+7.30%

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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