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 09/02/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 17,484.45 USD

My targets

17,900.07 USD (+1.05%)

18,283.41 USD (+3.22%)

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 17,484.45 USD. The next resistance located at 17,900.07 USD is the next bullish target 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 18,283.41 USD. After this resistance, buyers could then target 18,647.45 USD.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

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

Additional analysis

Quotes

NASDAQ COMPOSITE INDEX rating 17,713.63 USD. The price has increased by +1.13% since the last closing with the lowest point at 17,498.79 USD and the highest point at 17,720.38 USD. The deviation from the price is +1.23% for the low point and -0.04% for the high point.

17,498.79

17,720.38

17,713.63

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

Technical

Technical analysis of NASDAQ COMPOSITE INDEX in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced 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 are moderate given the direction of the technical indicators.
The Central Indicators scanner found no further results concerning independent technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	16,435.51	17,026.19	17,484.45	17,713.63	17,900.07	18,283.41	18,647.45
Change (%)	-7.22%	-3.88%	-1.29%	-	+1.05%	+3.22%	+5.27%
Change	-1,278.12	-687.44	-229.18	-	+186.44	+569.78	+933.82
Level	Intermediate	Intermediate	Intermediate	-	Major	Minor	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	17,346.56	17,422.67	17,568.15	17,644.26	17,789.74	17,865.85	18,011.33
Camarilla	17,652.68	17,673.00	17,693.31	17,713.62	17,733.93	17,754.25	17,774.56
Woodie	17,381.24	17,440.01	17,602.83	17,661.60	17,824.42	17,883.19	18,046.01
Fibonacci	17,422.67	17,507.32	17,559.62	17,644.26	17,728.91	17,781.21	17,865.85

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16,995.96	17,217.68	17,465.65	17,687.37	17,935.34	18,157.06	18,405.03
Camarilla	17,584.46	17,627.51	17,670.57	17,713.62	17,756.68	17,799.73	17,842.79
Woodie	17,009.09	17,224.24	17,478.78	17,693.93	17,948.47	18,163.62	18,418.16
Fibonacci	17,217.68	17,397.10	17,507.95	17,687.37	17,866.79	17,977.64	18,157.06

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	54.01
MACD (12,26,9):	-22.0200
Directional Movement:	-2.25
AROON (14):	-35.71
DEMA (21):	17,606.38
Parabolic SAR (0,02-0,02-0,2):	17,504.60
Elder Ray (13):	31.39
Super Trend (3,10):	17,794.31
Zig ZAG (10):	17,713.62
VORTEX (21):	0.8700
Stochastique (14,3,5):	51.00
TEMA (21):	17,602.23
Williams %R (14):	-24.65
Chande Momentum Oscillator (20):	-40.93
Repulse (5,40,3):	0.9200
ROCnROLL:	1
TRIX (15,9):	-0.0300
Courbe Coppock:	0.04

MA7:	17,680.54
MA20:	17,296.58
MA50:	17,627.89
MA100:	17,084.61
MAexp7:	17,626.18
MAexp20:	17,638.98
MAexp50:	17,652.82
MAexp100:	17,579.46
Price / MA7:	+0.19%
Price / MA20:	+2.41%
Price / MA50:	+0.49%
Price / MA100:	+3.68%
Price / MAexp7:	+0.50%
Price / MAexp20:	+0.42%
Price / MAexp50:	+0.34%
Price / MAexp100:	+0.76%

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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