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 06/25/2024 (GMT)

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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

61%

39%

My opinion

Bullish above 17,325.91 USD

My targets

17,916.79 USD (+1.12%)

18,800.93 USD (+6.11%)

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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

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 17,717.65 USD. On the day, this instrument gained +1.26% and was traded between 17,546.63 USD and 17,734.34 USD over the period. The price is currently at +0.97% from its lowest and -0.09% from its highest.

17,546.63

17,734.34

17,717.65

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

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 study of the highest / lowest by the Central Records scanner shows the following results:

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 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. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	15,282.01	16,057.40	16,437.74	17,717.65
Change (%)	-13.75%	-9.37%	-7.22%	-
Change	-2,435.64	-1,660.25	-1,279.91	-
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	17,410.36	17,478.50	17,598.07	17,666.21	17,785.78	17,853.92	17,973.49
Camarilla	17,666.03	17,683.24	17,700.44	17,717.65	17,734.86	17,752.06	17,769.27
Woodie	17,436.09	17,491.36	17,623.80	17,679.07	17,811.51	17,866.78	17,999.22
Fibonacci	17,478.50	17,550.20	17,594.50	17,666.21	17,737.91	17,782.21	17,853.92

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):	66.78
MACD (12,26,9):	306.6100
Directional Movement:	11.55
AROON (14):	78.57
DEMA (21):	17,771.16
Parabolic SAR (0,02-0,02-0,2):	17,420.07
Elder Ray (13):	119.50
Super Trend (3,10):	17,248.03
Zig ZAG (10):	17,717.65
VORTEX (21):	1.1100
Stochastique (14,3,5):	73.80
TEMA (21):	17,848.69
Williams %R (14):	-22.33
Chande Momentum Oscillator (20):	544.53
Repulse (5,40,3):	0.0800
ROCnROLL:	1
TRIX (15,9):	0.2700
Courbe Coppock:	9.18

MA7:	17,719.08
MA20:	17,321.90
MA50:	16,623.66
MA100:	16,342.48
MAexp7:	17,642.65
MAexp20:	17,361.60
MAexp50:	16,864.64
MAexp100:	16,334.84
Price / MA7:	-0.01%
Price / MA20:	+2.28%
Price / MA50:	+6.58%
Price / MA100:	+8.41%
Price / MAexp7:	+0.43%
Price / MAexp20:	+2.05%
Price / MAexp50:	+5.06%
Price / MAexp100:	+8.47%

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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