NASDAQ TELECOM INDEX
NASDAQ TELECOM INDEX
- USD (-)
- 15 min delayed data - NASDAQ US Indices
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Indices
Ticker: IXTC
ISIN:

NASDAQ TELECOM INDEX - Daily - Technical analysis published on 04/28/2020 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 363.97 USD
My targets
394.59 USD (+4.21%)
419.35 USD (+10.75%)
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 TELECOM INDEX as long as the price remains well above 363.97 USD. The buyers” bullish objective is set at 394.59 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 419.35 USD. If there is any crossing, the next objective would be the resistance located at 439.67 USD.

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
6.4

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The NASDAQ TELECOM INDEX price is 378.64 USD. The price registered an increase of +1.47% on the session and was traded between 375.41 USD and 379.56 USD over the period. The price is currently at +0.86% from its lowest and -0.24% from its highest.

375.41
379.56
378.64

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


A technical analysis in Daily of this NASDAQ TELECOM INDEX chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily



The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 292.93 326.76 363.97 378.64 394.59 419.35 439.67
Change (%) -22.64% -13.70% -3.87% - +4.21% +10.75% +16.12%
Change -85.71 -51.88 -14.67 - +15.95 +40.71 +61.03
Level Major Major Major - Major Intermediate 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
Standard366.15367.91370.53372.28374.90376.65379.27
Camarilla371.94372.35372.75373.15373.55373.95374.35
Woodie366.59368.12370.96372.50375.33376.87379.71
Fibonacci367.91369.58370.61372.28373.95374.98376.65


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard335.98344.74358.94367.70381.90390.66404.87
Camarilla366.83368.94371.04373.15375.25377.36379.46
Woodie338.71346.10361.67369.06384.63392.02407.59
Fibonacci344.74353.51358.93367.70376.47381.89390.66


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard210.35250.02297.08336.76383.82423.49470.55
Camarilla320.29328.24336.19344.14352.09360.04367.99
Woodie214.04251.87300.78338.61387.51425.34474.24
Fibonacci250.02283.16303.63336.76369.89390.36423.49

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 59.90
MACD (12,26,9): 6.9000
Directional Movement: 11.08
AROON (14): 100.00
DEMA (21): 368.06
Parabolic SAR (0,02-0,02-0,2): 353.50
Elder Ray (13): 12.54
Super Trend (3,10): 344.82
Zig ZAG (10): 378.64
VORTEX (21): 1.0400
Stochastique (14,3,5): 90.68
TEMA (21): 377.41
Williams %R (14): -3.14
Chande Momentum Oscillator (20): 20.38
Repulse (5,40,3): 1.0100
ROCnROLL: 1
TRIX (15,9): 0.2100
Courbe Coppock: 13.53
MA7: 369.44
MA20: 358.59
MA50: 355.26
MA100: 371.48
MAexp7: 370.00
MAexp20: 360.66
MAexp50: 359.79
MAexp100: 367.80
Price / MA7: +2.49%
Price / MA20: +5.59%
Price / MA50: +6.58%
Price / MA100: +1.93%
Price / MAexp7: +2.34%
Price / MAexp20: +4.99%
Price / MAexp50: +5.24%
Price / MAexp100: +2.95%

This member declared not having a position on this financial instrument or a related financial instrument.

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