NASDAQ CTA INTERNET INDEX

- USD (-)

- 15 min delayed data - NASDAQ US Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	QNET
ISIN:

NASDAQ CTA INTERNET INDEX - Daily - Technical analysis published on 02/02/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 830.00 USD

My targets

915.07 USD (+5.58%)

1,005.34 USD (+15.99%)

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 830.00 USD. The buyers' bullish objective is set at 915.07 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,005.34 USD. If there is any crossing, the next objective would be the resistance located at 1,174.05 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

8.9

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

Additional analysis

Quotes

The NASDAQ CTA INTERNET INDEX price is 866.72 USD. The price registered an increase of +4.36% on the session and was traded between 859.13 USD and 868.79 USD over the period. The price is currently at +0.88% from its lowest and -0.24% from its highest.

859.13

868.79

866.72

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

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 (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of NASDAQ CTA INTERNET INDEX indicates that the overall trend is strongly bullish. 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 market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

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, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	764.03	830.00	866.62	866.72	1,174.05	1,318.90	1,573.12
Change (%)	-11.85%	-4.24%	-0.01%	-	+35.46%	+52.17%	+81.50%
Change	-102.69	-36.72	-0.10	-	+307.33	+452.18	+706.40
Level	Major	Minor	Major	-	Minor	Intermediate	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	782.95	794.59	812.54	824.18	842.13	853.77	871.72
Camarilla	822.35	825.07	827.78	830.49	833.20	835.92	838.63
Woodie	786.11	796.17	815.70	825.76	845.29	855.35	874.88
Fibonacci	794.59	805.89	812.88	824.18	835.48	842.47	853.77

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	728.23	748.59	784.08	804.44	839.93	860.29	895.78
Camarilla	804.21	809.33	814.45	819.57	824.69	829.81	834.93
Woodie	735.80	752.37	791.65	808.22	847.50	864.07	903.35
Fibonacci	748.59	769.93	783.11	804.44	825.78	838.96	860.29

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	578.92	630.79	721.06	772.93	863.20	915.07	1,005.34
Camarilla	772.24	785.27	798.30	811.33	824.36	837.39	850.42
Woodie	598.12	640.39	740.26	782.53	882.40	924.67	1,024.54
Fibonacci	630.79	685.09	718.63	772.93	827.23	860.77	915.07

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):	76.57
MACD (12,26,9):	32.9500
Directional Movement:	37.48
AROON (14):	100.00
DEMA (21):	820.88
Parabolic SAR (0,02-0,02-0,2):	799.46
Elder Ray (13):	64.88
Super Trend (3,10):	801.61
Zig ZAG (10):	861.15
VORTEX (21):	1.2900
Stochastique (14,3,5):	91.42
TEMA (21):	840.87
Williams %R (14):	-6.02
Chande Momentum Oscillator (20):	101.28
Repulse (5,40,3):	2.6100
ROCnROLL:	1
TRIX (15,9):	0.5300
Courbe Coppock:	22.99

MA7:	817.12
MA20:	773.07
MA50:	727.88
MA100:	717.94
MAexp7:	819.98
MAexp20:	780.44
MAexp50:	745.10
MAexp100:	743.31
Price / MA7:	+6.07%
Price / MA20:	+12.11%
Price / MA50:	+19.07%
Price / MA100:	+20.72%
Price / MAexp7:	+5.71%
Price / MAexp20:	+11.06%
Price / MAexp50:	+16.33%
Price / MAexp100:	+16.61%

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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Londinia AI

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