NASDAQ CTA INTERNET INDEX - 1H - Technical analysis published on 11/03/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 1,493.69 USD
My targets
1,448.61 USD (-1.90%)
1,426.55 USD (-3.39%)
My analysis
There is a bearish trend on NASDAQ CTA INTERNET INDEX both at the basic level and in the short term. A sale could be considered, so long as the price remains below 1,493.69 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 1,448.61 USD. Then the price could move towards 1,426.55 USD. Then 1,403.95 USD by extension. Be careful, a return to above the resistance 1,493.69 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ CTA INTERNET INDEX rating is 1,476.63 USD. The price has increased by +0.13% since the last closing with the lowest point at 1,471.76 USD and the highest point at 1,480.38 USD. The deviation from the price is +0.33% for the low point and -0.25% for the high point.1,471.76
1,480.38
1,476.63
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NASDAQ CTA INTERNET INDEX in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 7 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,426.55 | 1,448.61 | 1,474.66 | 1,476.63 | 1,493.69 | 1,530.01 | 1,573.49 |
| Change (%) | -3.39% | -1.90% | -0.13% | - | +1.16% | +3.61% | +6.56% |
| Change | -50.08 | -28.02 | -1.97 | - | +17.06 | +53.38 | +96.86 |
| Level | Minor | Intermediate | Major | - | Major | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,449.11 | 1,458.97 | 1,466.87 | 1,476.73 | 1,484.63 | 1,494.49 | 1,502.39 |
| Camarilla | 1,469.89 | 1,471.51 | 1,473.14 | 1,474.77 | 1,476.40 | 1,478.03 | 1,479.65 |
| Woodie | 1,448.13 | 1,458.48 | 1,465.89 | 1,476.24 | 1,483.65 | 1,494.00 | 1,501.41 |
| Fibonacci | 1,458.97 | 1,465.75 | 1,469.95 | 1,476.73 | 1,483.51 | 1,487.71 | 1,494.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,416.69 | 1,437.77 | 1,458.12 | 1,479.20 | 1,499.55 | 1,520.63 | 1,540.98 |
| Camarilla | 1,467.09 | 1,470.89 | 1,474.68 | 1,478.48 | 1,482.28 | 1,486.08 | 1,489.87 |
| Woodie | 1,416.34 | 1,437.59 | 1,457.77 | 1,479.02 | 1,499.20 | 1,520.45 | 1,540.63 |
| Fibonacci | 1,437.77 | 1,453.59 | 1,463.37 | 1,479.20 | 1,495.02 | 1,504.80 | 1,520.63 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,253.68 | 1,322.93 | 1,400.71 | 1,469.96 | 1,547.74 | 1,616.99 | 1,694.77 |
| Camarilla | 1,438.05 | 1,451.53 | 1,465.00 | 1,478.48 | 1,491.96 | 1,505.44 | 1,518.91 |
| Woodie | 1,257.94 | 1,325.06 | 1,404.97 | 1,472.09 | 1,552.00 | 1,619.12 | 1,699.03 |
| Fibonacci | 1,322.93 | 1,379.10 | 1,413.80 | 1,469.96 | 1,526.13 | 1,560.83 | 1,616.99 |
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): | 46.40 | |
| MACD (12,26,9): | -1.6900 | |
| Directional Movement: | 2.00 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 1,475.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,482.70 | |
| Elder Ray (13): | -2.45 | |
| Super Trend (3,10): | 1,468.41 | |
| Zig ZAG (10): | 1,476.37 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 33.12 | |
| TEMA (21): | 1,476.28 | |
| Williams %R (14): | -60.09 | |
| Chande Momentum Oscillator (20): | -8.81 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.82 |
| MA7: | 1,477.64 | |
| MA20: | 1,482.62 | |
| MA50: | 1,492.36 | |
| MA100: | 1,503.94 | |
| MAexp7: | 1,475.82 | |
| MAexp20: | 1,477.81 | |
| MAexp50: | 1,481.25 | |
| MAexp100: | 1,482.39 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | -0.40% | |
| Price / MA50: | -1.05% | |
| Price / MA100: | -1.82% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.31% | |
| Price / MAexp100: | -0.39% |
Quotes :
-
15 min delayed data
-
NASDAQ US Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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