
Technical analysis of NASDAQ Composite (index) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
The NASDAQ Composite is a stock market index that tracks the performance of securities listed on the NASDAQ exchange.
Description generated automatically from public sources; it may be inaccurate or out of date.
Closing values for September 4, 2026, computed on the last 12 months of prices.
21 sessions
26,398.12 $
+0.41%
50 sessions
26,012.47 $
+1.90%
200 sessions
24,397.83 $
+8.64%
s2
26,198.39
Support
s1
26,391.22
Support
pivot
26,517.90
Pivot
r1
26,710.73
Resistance
r2
26,837.41
Resistance
In the September 4, 2026 session NASDAQ Composite closed lower at 26,506.99 $, −0.29% versus the previous session.
The price sits above every moving average observed: +0.41% against the 21-session average, +1.90% against the 50 and +8.64% against the 200.
The 14-period RSI reads 55.2, in neutral territory.
MACD stands at 103.426 against a signal line at 105.941: the histogram is negative (−2.515).
ADX reads 12.9, indicating weak directionality.
Levels computed on the latest session place supports at 26,391.22 and 26,198.39 $ and resistances at 26,710.73 and 26,837.41 $, around a pivot of 26,517.90.
The average daily range (ATR) is 316.157 $, or 1.19% of price.
Turnover was 6.5B shares, 86% of the 20-session average.
Over the last twelve months the price ranged between 20,690.25 and 27,190.21 $, and today stands −2.51% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
How is NASDAQ Composite analysed technically?
Technical analysis of NASDAQ Composite is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for NASDAQ Composite?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to NASDAQ Composite?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to NASDAQ Composite it helps frame the technical structure of the historical chart and is not a forecast.
Disclaimer. For informational purposes only; not financial advice or a recommendation. Montbon Analytics is not an authorised financial intermediary.
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