NASDAQ COMPOSITE INDEX
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 09/20/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 17,907.64 USD
My targets
18,283.41 USD (+1.50%)
18,647.45 USD (+3.52%)
My analysis
The bullish trend is currently very strong on NASDAQ COMPOSITE INDEX. As long as the price remains above the support at 17,907.64 USD, you could try to benefit from the boom. The first bullish objective is located at 18,283.41 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 18,647.45 USD as an objective. 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, 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
0
10
8.4

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:
15 min. Daily Weekly

Additional analysis

Quotes

NASDAQ COMPOSITE INDEX rating 18,013.98 USD. The price registered an increase of +2.51% on the session and was between 17,909.75 USD and 18,099.93 USD. This implies that the price is at +0.58% from its lowest and at -0.47% from its highest.

17,909.75
18,099.93
18,013.98

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

Technical


A technical analysis in 1H of this NASDAQ COMPOSITE INDEX chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 14 technical indicators on 18 studied are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 17,295.58 17,785.92 17,907.64 18,013.98 18,017.70 18,283.41 18,647.45
Change (%) -3.99% -1.27% -0.59% - +0.02% +1.50% +3.52%
Change -718.40 -228.06 -106.34 - +3.72 +269.43 +633.47
Level Minor Major Intermediate - Intermediate Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17,725.6617,817.7117,915.8418,007.8918,106.0218,198.0718,296.20
Camarilla17,961.6817,979.1117,996.5518,013.9818,031.4118,048.8518,066.28
Woodie17,728.7117,819.2317,918.8918,009.4118,109.0718,199.5918,299.25
Fibonacci17,817.7117,890.3617,935.2418,007.8918,080.5418,125.4218,198.07


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16,051.8516,392.3417,038.1617,378.6518,024.4718,364.9619,010.78
Camarilla17,412.7517,503.1617,593.5717,683.9817,774.3917,864.8017,955.22
Woodie16,204.5216,468.6717,190.8317,454.9818,177.1418,441.2919,163.45
Fibonacci16,392.3416,769.1117,001.8817,378.6517,755.4217,988.1918,364.96


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13,966.4014,837.4716,275.5517,146.6218,584.7019,455.7720,893.85
Camarilla17,078.6117,290.2917,501.9617,713.6317,925.3018,136.9718,348.65
Woodie14,249.9114,979.2216,559.0617,288.3718,868.2119,597.5221,177.36
Fibonacci14,837.4715,719.5716,264.5317,146.6218,028.7218,573.6819,455.77

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): 65.71
MACD (12,26,9): 138.4800
Directional Movement: 16.67
AROON (14): 57.14
DEMA (21): 17,995.80
Parabolic SAR (0,02-0,02-0,2): 17,720.95
Elder Ray (13): 131.96
Super Trend (3,10): 17,740.04
Zig ZAG (10): 18,013.98
VORTEX (21): 1.0100
Stochastique (14,3,5): 91.77
TEMA (21): 18,040.65
Williams %R (14): -15.81
Chande Momentum Oscillator (20): 364.05
Repulse (5,40,3): -0.2600
ROCnROLL: 1
TRIX (15,9): 0.0900
Courbe Coppock: 4.09
MA7: 17,636.66
MA20: 17,458.50
MA50: 17,451.42
MA100: 17,283.62
MAexp7: 17,984.81
MAexp20: 17,823.72
MAexp50: 17,621.44
MAexp100: 17,487.68
Price / MA7: +2.14%
Price / MA20: +3.18%
Price / MA50: +3.22%
Price / MA100: +4.23%
Price / MAexp7: +0.16%
Price / MAexp20: +1.07%
Price / MAexp50: +2.23%
Price / MAexp100: +3.01%

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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