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 - 1H - Technical analysis published on 07/16/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

33%

22%

44%

My opinion

Bullish above 18,238.78 USD

My targets

18,665.16 USD (+1.04%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NASDAQ COMPOSITE INDEX as long as the price remains well above 18,238.78 USD. The buyers' bullish objective is set at 18,665.16 USD. A bullish break in this resistance would boost the bullish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

5.7

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 philiptino88. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NASDAQ COMPOSITE INDEX price is 18,472.57 USD. The price registered an increase of +0.40% on the session and was traded between 18,397.83 USD and 18,629.76 USD over the period. The price is currently at +0.41% from its lowest and -0.84% from its highest.

18,397.83

18,629.76

18,472.57

Here is a more detailed summary of the historical variations registered by NASDAQ COMPOSITE INDEX:

Technical

A technical analysis in 1H of this NASDAQ COMPOSITE INDEX chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 8 are neutral and 4 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	17,655.28	17,862.23	18,238.78	18,472.57	18,665.16
Change (%)	-4.42%	-3.30%	-1.27%	-	+1.04%
Change	-817.29	-610.34	-233.79	-	+192.59
Level	Intermediate	Major	Minor	-	Intermediate

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	18,138.42	18,268.12	18,370.35	18,500.05	18,602.28	18,731.98	18,834.21
Camarilla	18,408.79	18,430.05	18,451.31	18,472.57	18,493.83	18,515.09	18,536.35
Woodie	18,124.68	18,261.25	18,356.61	18,493.18	18,588.54	18,725.11	18,820.47
Fibonacci	18,268.12	18,356.72	18,411.46	18,500.05	18,588.65	18,643.39	18,731.98

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17,768.84	18,003.81	18,201.13	18,436.10	18,633.42	18,868.39	19,065.71
Camarilla	18,279.57	18,319.20	18,358.82	18,398.45	18,438.08	18,477.70	18,517.33
Woodie	17,750.02	17,994.40	18,182.31	18,426.69	18,614.60	18,858.98	19,046.89
Fibonacci	18,003.81	18,168.95	18,270.97	18,436.10	18,601.24	18,703.26	18,868.39

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15,519.12	16,082.77	16,907.69	17,471.34	18,296.26	18,859.91	19,684.83
Camarilla	17,350.74	17,478.03	17,605.31	17,732.60	17,859.89	17,987.17	18,114.46
Woodie	15,649.75	16,148.09	17,038.32	17,536.66	18,426.89	18,925.23	19,815.46
Fibonacci	16,082.77	16,613.21	16,940.91	17,471.34	18,001.78	18,329.48	18,859.91

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):	51.19
MACD (12,26,9):	25.3200
Directional Movement:	-5.97
AROON (14):	71.43
DEMA (21):	18,508.84
Parabolic SAR (0,02-0,02-0,2):	18,629.76
Elder Ray (13):	-26.76
Super Trend (3,10):	18,300.20
Zig ZAG (10):	18,472.57
VORTEX (21):	0.8700
Stochastique (14,3,5):	55.21
TEMA (21):	18,486.46
Williams %R (14):	-46.76
Chande Momentum Oscillator (20):	-7.42
Repulse (5,40,3):	0.0300
ROCnROLL:	-1
TRIX (15,9):	0.0200
Courbe Coppock:	1.39

MA7:	18,426.81
MA20:	18,025.70
MA50:	17,273.99
MA100:	16,662.20
MAexp7:	18,488.88
MAexp20:	18,471.72
MAexp50:	18,376.05
MAexp100:	18,175.38
Price / MA7:	+0.25%
Price / MA20:	+2.48%
Price / MA50:	+6.94%
Price / MA100:	+10.87%
Price / MAexp7:	-0.09%
Price / MAexp20:	+0.00%
Price / MAexp50:	+0.53%
Price / MAexp100:	+1.64%

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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