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 06/26/2024 (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%

44%

My opinion

Bullish above 17,325.91 USD

My targets

17,916.79 USD (+0.63%)

18,800.93 USD (+5.59%)

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 17,916.79 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 18,800.93 USD. 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

7.5

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

NASDAQ COMPOSITE INDEX rating 17,805.16 USD. On the day, this instrument gained +0.49% and was traded between 17,687.07 USD and 17,813.55 USD over the period. The price is currently at +0.67% from its lowest and -0.05% from its highest.

17,687.07

17,813.55

17,805.16

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

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. 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.

The probability of a further increase is slight given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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	R1
ProTrendLines	13,659.68	14,348.78	16,057.40	17,805.16	17,862.23
Change (%)	-23.28%	-19.41%	-9.82%	-	+0.32%
Change	-4,145.48	-3,456.38	-1,747.76	-	+57.07
Level	Minor	Major	Major	-	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17,597.16	17,642.11	17,723.64	17,768.59	17,850.12	17,895.07	17,976.60
Camarilla	17,770.38	17,781.97	17,793.57	17,805.16	17,816.75	17,828.35	17,839.94
Woodie	17,615.44	17,651.26	17,741.92	17,777.74	17,868.40	17,904.22	17,994.88
Fibonacci	17,642.11	17,690.43	17,720.28	17,768.59	17,816.91	17,846.76	17,895.07

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 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):	68.63
MACD (12,26,9):	304.7500
Directional Movement:	13.83
AROON (14):	71.43
DEMA (21):	17,812.71
Parabolic SAR (0,02-0,02-0,2):	17,492.41
Elder Ray (13):	188.72
Super Trend (3,10):	17,248.03
Zig ZAG (10):	17,805.16
VORTEX (21):	1.1300
Stochastique (14,3,5):	75.20
TEMA (21):	17,882.50
Williams %R (14):	-14.97
Chande Momentum Oscillator (20):	672.03
Repulse (5,40,3):	0.8700
ROCnROLL:	1
TRIX (15,9):	0.2700
Courbe Coppock:	8.82

MA7:	17,735.69
MA20:	17,361.17
MA50:	16,662.06
MA100:	16,366.92
MAexp7:	17,683.28
MAexp20:	17,403.84
MAexp50:	16,901.53
MAexp100:	16,363.97
Price / MA7:	+0.39%
Price / MA20:	+2.56%
Price / MA50:	+6.86%
Price / MA100:	+8.79%
Price / MAexp7:	+0.69%
Price / MAexp20:	+2.31%
Price / MAexp50:	+5.35%
Price / MAexp100:	+8.81%

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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