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 06/30/2024 (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

56%

17%

28%

My opinion

Bullish above 17,325.91 USD

My targets

17,916.79 USD (+1.04%)

18,800.93 USD (+6.02%)

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, 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

7.3

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 17,732.60 USD. The price registered a decrease of -0.71% on the session and was between 17,723.83 USD and 18,035.00 USD. This implies that the price is at +0.05% from its lowest and at -1.68% from its highest.

17,723.83

18,035.00

17,732.60

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:

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

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. 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.

In fact, 10 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

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

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	R1
ProTrendLines	12,600.03	14,348.78	16,057.40	17,732.60	17,862.23
Change (%)	-28.94%	-19.08%	-9.45%	-	+0.73%
Change	-5,132.57	-3,383.82	-1,675.20	-	+129.63
Level	Major	Major	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	17,314.78	17,519.31	17,625.95	17,830.48	17,937.12	18,141.65	18,248.29
Camarilla	17,647.03	17,675.55	17,704.08	17,732.60	17,761.12	17,789.65	17,818.17
Woodie	17,265.85	17,494.84	17,577.02	17,806.01	17,888.19	18,117.18	18,199.36
Fibonacci	17,519.31	17,638.17	17,711.61	17,830.48	17,949.34	18,022.78	18,141.65

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16,931.77	17,212.89	17,472.75	17,753.87	18,013.73	18,294.85	18,554.71
Camarilla	17,583.83	17,633.42	17,683.01	17,732.60	17,782.19	17,831.78	17,881.37
Woodie	16,921.13	17,207.58	17,462.11	17,748.56	18,003.09	18,289.54	18,544.07
Fibonacci	17,212.89	17,419.55	17,547.22	17,753.87	17,960.53	18,088.20	18,294.85

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	64.01
MACD (12,26,9):	290.0500
Directional Movement:	19.28
AROON (14):	92.86
DEMA (21):	17,870.41
Parabolic SAR (0,02-0,02-0,2):	17,601.26
Elder Ray (13):	257.02
Super Trend (3,10):	17,262.46
Zig ZAG (10):	17,732.60
VORTEX (21):	1.1200
Stochastique (14,3,5):	81.74
TEMA (21):	17,915.76
Williams %R (14):	-30.93
Chande Momentum Oscillator (20):	389.06
Repulse (5,40,3):	-1.0100
ROCnROLL:	1
TRIX (15,9):	0.2700
Courbe Coppock:	7.50

MA7:	17,717.41
MA20:	17,457.85
MA50:	16,742.91
MA100:	16,410.56
MAexp7:	17,728.50
MAexp20:	17,474.35
MAexp50:	16,970.18
MAexp100:	16,419.99
Price / MA7:	+0.09%
Price / MA20:	+1.57%
Price / MA50:	+5.91%
Price / MA100:	+8.06%
Price / MAexp7:	+0.02%
Price / MAexp20:	+1.48%
Price / MAexp50:	+4.49%
Price / MAexp100:	+7.99%

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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