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 12/18/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

11%

44%

My opinion

Bullish above 19,817.47 USD

My targets

20,204.58 USD (+0.26%)

My analysis

The bullish trend is currently very strong on NASDAQ COMPOSITE INDEX. As long as the price remains above the support at 19,817.47 USD, you could try to benefit from the boom. The first bullish objective is located at 20,204.58 USD. The bullish momentum would be boosted by a break in this resistance. 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

7.1

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 jarias81197. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NASDAQ COMPOSITE INDEX price is 20,152.41 USD. On the day, this instrument gained +0.22% and was between 20,041.84 USD and 20,179.77 USD. This implies that the price is at +0.55% from its lowest and at -0.14% from its highest.

20,041.84

20,179.77

20,152.41

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 Central Records scanner for higher/lower results shows the following items:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NASDAQ COMPOSITE INDEX in 1H shows a strongly overall 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. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	18,937.20	19,362.30	19,817.47	20,152.41	20,204.58
Change (%)	-6.03%	-3.92%	-1.66%	-	+0.26%
Change	-1,215.21	-790.11	-334.94	-	+52.17
Level	Minor	Intermediate	Intermediate	-	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19,882.15	19,943.44	20,026.25	20,087.54	20,170.35	20,231.64	20,314.45
Camarilla	20,069.43	20,082.64	20,095.85	20,109.06	20,122.27	20,135.48	20,148.69
Woodie	19,892.91	19,948.82	20,037.01	20,092.92	20,181.11	20,237.02	20,325.21
Fibonacci	19,943.44	19,998.49	20,032.49	20,087.54	20,142.59	20,176.59	20,231.64

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19,271.18	19,456.26	19,691.49	19,876.57	20,111.80	20,296.88	20,532.11
Camarilla	19,811.14	19,849.66	19,888.19	19,926.72	19,965.25	20,003.78	20,042.31
Woodie	19,296.26	19,468.80	19,716.57	19,889.11	20,136.88	20,309.42	20,557.19
Fibonacci	19,456.26	19,616.82	19,716.01	19,876.57	20,037.13	20,136.32	20,296.88

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17,178.74	17,645.78	18,431.98	18,899.02	19,685.22	20,152.26	20,938.46
Camarilla	18,873.53	18,988.41	19,103.29	19,218.17	19,333.05	19,447.93	19,562.81
Woodie	17,338.31	17,725.57	18,591.55	18,978.81	19,844.79	20,232.05	21,098.03
Fibonacci	17,645.78	18,124.52	18,420.29	18,899.02	19,377.76	19,673.53	20,152.26

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	60.98
MACD (12,26,9):	53.2500
Directional Movement:	6.70
AROON (14):	-14.29
DEMA (21):	20,152.95
Parabolic SAR (0,02-0,02-0,2):	20,189.04
Elder Ray (13):	30.09
Super Trend (3,10):	19,984.33
Zig ZAG (10):	20,152.77
VORTEX (21):	1.0500
Stochastique (14,3,5):	66.41
TEMA (21):	20,150.66
Williams %R (14):	-24.88
Chande Momentum Oscillator (20):	-18.10
Repulse (5,40,3):	0.3900
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	1.03

MA7:	19,998.10
MA20:	19,567.50
MA50:	19,007.95
MA100:	18,250.29
MAexp7:	20,126.17
MAexp20:	20,079.83
MAexp50:	19,956.70
MAexp100:	19,743.37
Price / MA7:	+0.77%
Price / MA20:	+2.99%
Price / MA50:	+6.02%
Price / MA100:	+10.42%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.36%
Price / MAexp50:	+0.98%
Price / MAexp100:	+2.07%

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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