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 - 15 min. - Technical analysis published on 08/09/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

11%

44%

My opinion

Bullish above 16,539.07 USD

My targets

16,815.20 USD (+0.93%)

16,970.39 USD (+1.86%)

My analysis

The bullish trend is currently very strong on NASDAQ COMPOSITE INDEX. As long as the price remains above the support at 16,539.07 USD, you could try to benefit from the boom. The first bullish objective is located at 16,815.20 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 16,970.39 USD as an objective. Crossing it would then enable buyers to target 17,246.52 USD. 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

6.1

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 rating is 16,660.02 USD. On the day, this instrument gained +2.87% and was between 16,262.93 USD and 16,694.25 USD. This implies that the price is at +2.44% from its lowest and at -0.21% from its highest.

16,262.93

16,694.25

16,660.02

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

Technical

Technical analysis of NASDAQ COMPOSITE INDEX in 15 min. shows a strongly overall bullish trend. 82.14% 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 market scanner currently does not detect any result that concerns moving averages.

In fact, only 8 technical indicators out of 18 studied are currently bullish. 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.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	15,708.54	16,057.40	16,453.46	16,660.02	17,024.67	17,862.23	18,128.88
Change (%)	-5.71%	-3.62%	-1.24%	-	+2.19%	+7.22%	+8.82%
Change	-951.48	-602.62	-206.56	-	+364.65	+1,202.21	+1,468.86
Level	Major	Major	Minor	-	Minor	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15,952.56	16,107.75	16,383.88	16,539.07	16,815.20	16,970.39	17,246.52
Camarilla	16,541.41	16,580.95	16,620.48	16,660.02	16,699.56	16,739.10	16,778.63
Woodie	16,013.04	16,137.99	16,444.36	16,569.31	16,875.68	17,000.63	17,307.00
Fibonacci	16,107.75	16,272.51	16,374.30	16,539.07	16,703.83	16,805.62	16,970.39

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15,099.98	15,841.39	16,308.77	17,050.18	17,517.56	18,258.97	18,726.35
Camarilla	16,443.74	16,554.55	16,665.35	16,776.16	16,886.97	16,997.77	17,108.58
Woodie	14,962.98	15,772.88	16,171.77	16,981.67	17,380.56	18,190.46	18,589.35
Fibonacci	15,841.39	16,303.14	16,588.42	17,050.18	17,511.93	17,797.21	18,258.97

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15,197.14	16,106.26	16,852.83	17,761.95	18,508.52	19,417.64	20,164.21
Camarilla	17,144.09	17,295.86	17,447.63	17,599.40	17,751.17	17,902.94	18,054.72
Woodie	15,115.87	16,065.62	16,771.56	17,721.31	18,427.25	19,377.00	20,082.94
Fibonacci	16,106.26	16,738.73	17,129.48	17,761.95	18,394.42	18,785.17	19,417.64

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):	60.80
MACD (12,26,9):	48.3200
Directional Movement:	-0.80
AROON (14):	50.00
DEMA (21):	16,663.56
Parabolic SAR (0,02-0,02-0,2):	16,681.42
Elder Ray (13):	17.32
Super Trend (3,10):	16,507.81
Zig ZAG (10):	16,660.02
VORTEX (21):	1.0900
Stochastique (14,3,5):	67.17
TEMA (21):	16,684.63
Williams %R (14):	-20.30
Chande Momentum Oscillator (20):	92.00
Repulse (5,40,3):	0.3700
ROCnROLL:	1
TRIX (15,9):	0.0500
Courbe Coppock:	1.01

MA7:	16,713.21
MA20:	17,418.62
MA50:	17,548.00
MA100:	16,886.75
MAexp7:	16,642.55
MAexp20:	16,599.33
MAexp50:	16,539.01
MAexp100:	16,565.82
Price / MA7:	-0.32%
Price / MA20:	-4.36%
Price / MA50:	-5.06%
Price / MA100:	-1.34%
Price / MAexp7:	+0.10%
Price / MAexp20:	+0.37%
Price / MAexp50:	+0.73%
Price / MAexp100:	+0.57%

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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