NASDAQ CTA INTERNET INDEX - Daily - Technical analysis published on 12/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 799.72 USD
My targets
838.64 USD (+2.26%)
854.72 USD (+4.22%)
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 INTERNET INDEX as long as the price remains well above 799.72 USD. The buyers” bullish objective is set at 838.64 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 854.72 USD. If there is any crossing, the next objective would be the resistance located at 868.39 USD.
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
0
10
6.1
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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 INTERNET INDEX price is 820.10 USD. On the day, this instrument gained +0.77% with the lowest point at 814.21 USD and the highest point at 820.33 USD. The deviation from the price is +0.72% for the low point and -0.03% for the high point.814.21
820.33
820.10
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:
Technical
Technical analysis of NASDAQ INTERNET INDEX in Daily shows an overall bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 785.19 | 799.72 | 816.34 | 820.10 | 826.02 | 838.64 | 854.72 |
| Change (%) | -4.26% | -2.49% | -0.46% | - | +0.72% | +2.26% | +4.22% |
| Change | -34.91 | -20.38 | -3.76 | - | +5.92 | +18.54 | +34.62 |
| Level | Major | Major | Major | - | Major | Minor | Intermediate |
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 | 799.23 | 804.73 | 809.28 | 814.79 | 819.34 | 824.84 | 829.39 |
| Camarilla | 811.07 | 811.99 | 812.91 | 813.83 | 814.75 | 815.68 | 816.60 |
| Woodie | 798.75 | 804.49 | 808.81 | 814.55 | 818.86 | 824.60 | 828.91 |
| Fibonacci | 804.73 | 808.57 | 810.94 | 814.79 | 818.63 | 821.00 | 824.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 769.71 | 781.40 | 798.21 | 809.89 | 826.71 | 838.39 | 855.20 |
| Camarilla | 807.18 | 809.79 | 812.41 | 815.02 | 817.63 | 820.24 | 822.86 |
| Woodie | 772.27 | 782.68 | 800.77 | 811.18 | 829.27 | 839.67 | 857.76 |
| Fibonacci | 781.40 | 792.28 | 799.01 | 809.89 | 820.78 | 827.51 | 838.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 748.24 | 764.80 | 793.38 | 809.94 | 838.52 | 855.08 | 883.66 |
| Camarilla | 809.55 | 813.69 | 817.83 | 821.96 | 826.10 | 830.24 | 834.38 |
| Woodie | 754.25 | 767.81 | 799.39 | 812.95 | 844.53 | 858.09 | 889.67 |
| Fibonacci | 764.80 | 782.04 | 792.70 | 809.94 | 827.18 | 837.84 | 855.08 |
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): | 58.19 | |
| MACD (12,26,9): | 5.1900 | |
| Directional Movement: | 3.52 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 814.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 821.51 | |
| Elder Ray (13): | 4.53 | |
| Super Trend (3,10): | 799.11 | |
| Zig ZAG (10): | 814.68 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 62.29 | |
| TEMA (21): | 816.72 | |
| Williams %R (14): | -34.29 | |
| Chande Momentum Oscillator (20): | -3.72 | |
| Repulse (5,40,3): | -0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 2.35 |
| MA7: | 812.20 | |
| MA20: | 808.75 | |
| MA50: | 794.84 | |
| MA100: | 798.65 | |
| MAexp7: | 812.58 | |
| MAexp20: | 808.36 | |
| MAexp50: | 801.20 | |
| MAexp100: | 799.07 | |
| Price / MA7: | +0.97% | |
| Price / MA20: | +1.40% | |
| Price / MA50: | +3.18% | |
| Price / MA100: | +2.69% | |
| Price / MAexp7: | +0.93% | |
| Price / MAexp20: | +1.45% | |
| Price / MAexp50: | +2.36% | |
| Price / MAexp100: | +2.63% |
This member declared not having a position on this financial instrument or a related financial instrument.
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