NASDAQ CTA INTERNET INDEX - 1H - Technical analysis published on 01/13/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 748.91 USD
My targets
764.03 USD (+1.37%)
785.91 USD (+4.27%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NASDAQ CTA INTERNET INDEX as long as the price remains well above 748.91 USD. The buyers' bullish objective is set at 764.03 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 785.91 USD. If there is any crossing, the next objective would be the resistance located at 828.00 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ CTA INTERNET INDEX price is 753.74 USD. The price registered a decrease of -0.02% on the session with the lowest point at 747.69 USD and the highest point at 757.45 USD. The deviation from the price is +0.81% for the low point and -0.49% for the high point.747.69
757.45
753.74
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NASDAQ CTA INTERNET INDEX:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NASDAQ CTA INTERNET 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 currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 704.75 | 715.22 | 748.91 | 753.74 | 764.03 | 828.00 | 866.62 |
| Change (%) | -6.50% | -5.11% | -0.64% | - | +1.37% | +9.85% | +14.98% |
| Change | -48.99 | -38.52 | -4.83 | - | +10.29 | +74.26 | +112.88 |
| Level | Minor | Minor | Intermediate | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 719.57 | 727.02 | 740.45 | 747.90 | 761.33 | 768.78 | 782.21 |
| Camarilla | 748.13 | 750.04 | 751.96 | 753.87 | 755.78 | 757.70 | 759.61 |
| Woodie | 722.55 | 728.52 | 743.43 | 749.40 | 764.31 | 770.28 | 785.19 |
| Fibonacci | 727.02 | 735.00 | 739.93 | 747.90 | 755.88 | 760.81 | 768.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 660.31 | 671.49 | 691.62 | 702.80 | 722.93 | 734.11 | 754.24 |
| Camarilla | 703.15 | 706.02 | 708.89 | 711.76 | 714.63 | 717.50 | 720.37 |
| Woodie | 664.80 | 673.73 | 696.11 | 705.04 | 727.42 | 736.35 | 758.73 |
| Fibonacci | 671.49 | 683.45 | 690.84 | 702.80 | 714.76 | 722.15 | 734.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 552.83 | 605.85 | 642.86 | 695.88 | 732.89 | 785.91 | 822.92 |
| Camarilla | 655.10 | 663.36 | 671.61 | 679.86 | 688.11 | 696.37 | 704.62 |
| Woodie | 544.82 | 601.85 | 634.85 | 691.88 | 724.88 | 781.91 | 814.91 |
| Fibonacci | 605.85 | 640.25 | 661.49 | 695.88 | 730.28 | 751.52 | 785.91 |
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): | 70.01 | |
| MACD (12,26,9): | 9.1300 | |
| Directional Movement: | 16.91 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 755.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 742.46 | |
| Elder Ray (13): | 5.30 | |
| Super Trend (3,10): | 738.14 | |
| Zig ZAG (10): | 753.63 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 87.47 | |
| TEMA (21): | 757.04 | |
| Williams %R (14): | -15.46 | |
| Chande Momentum Oscillator (20): | 14.03 | |
| Repulse (5,40,3): | 0.7200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 5.09 |
| MA7: | 730.22 | |
| MA20: | 698.09 | |
| MA50: | 699.43 | |
| MA100: | 716.50 | |
| MAexp7: | 752.28 | |
| MAexp20: | 743.62 | |
| MAexp50: | 726.93 | |
| MAexp100: | 712.87 | |
| Price / MA7: | +3.22% | |
| Price / MA20: | +7.97% | |
| Price / MA50: | +7.76% | |
| Price / MA100: | +5.20% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +1.36% | |
| Price / MAexp50: | +3.69% | |
| Price / MAexp100: | +5.73% |
Quotes :
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15 min delayed data
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NASDAQ US Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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