NASDAQ TELECOM INDEX - Daily - Technical analysis published on 05/12/2020 (GMT)
- 339
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 375.59 USD
My targets
394.59 USD (+2.50%)
419.35 USD (+8.94%)
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 375.59 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
6.8
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:
Additional analysis
Quotes
The NASDAQ TELECOM INDEX rating is 384.95 USD. The price registered an increase of -0.02% on the session with the lowest point at 380.85 USD and the highest point at 387.69 USD. The deviation from the price is +1.08% for the low point and -0.71% for the high point.380.85
387.69
384.95
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 this Daily chart of NASDAQ TELECOM INDEX indicates that the overall trend is bullish. 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 market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 335.99 | 348.76 | 375.59 | 384.95 | 394.59 | 419.35 | 439.67 |
| Change (%) | -12.72% | -9.40% | -2.43% | - | +2.50% | +8.94% | +14.21% |
| Change | -48.96 | -36.19 | -9.36 | - | +9.64 | +34.40 | +54.72 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | 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 | 368.78 | 372.12 | 378.57 | 381.90 | 388.35 | 391.68 | 398.13 |
| Camarilla | 382.32 | 383.22 | 384.12 | 385.01 | 385.91 | 386.81 | 387.70 |
| Woodie | 370.34 | 372.90 | 380.12 | 382.68 | 389.90 | 392.46 | 399.69 |
| Fibonacci | 372.12 | 375.86 | 378.16 | 381.90 | 385.64 | 387.95 | 391.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 337.33 | 346.95 | 365.98 | 375.61 | 394.64 | 404.26 | 423.29 |
| Camarilla | 377.13 | 379.76 | 382.39 | 385.01 | 387.64 | 390.27 | 392.89 |
| Woodie | 342.03 | 349.31 | 370.69 | 377.96 | 399.34 | 406.62 | 428.00 |
| Fibonacci | 346.95 | 357.90 | 364.66 | 375.61 | 386.56 | 393.32 | 404.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 285.40 | 307.84 | 338.72 | 361.16 | 392.04 | 414.48 | 445.37 |
| Camarilla | 354.95 | 359.83 | 364.72 | 369.61 | 374.50 | 379.38 | 384.27 |
| Woodie | 289.63 | 309.95 | 342.95 | 363.27 | 396.27 | 416.59 | 449.59 |
| Fibonacci | 307.84 | 328.21 | 340.79 | 361.16 | 381.53 | 394.11 | 414.48 |
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): | 60.45 | |
| MACD (12,26,9): | 5.9900 | |
| Directional Movement: | 13.27 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 375.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 357.15 | |
| Elder Ray (13): | 12.79 | |
| Super Trend (3,10): | 355.46 | |
| Zig ZAG (10): | 384.95 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 84.96 | |
| TEMA (21): | 379.95 | |
| Williams %R (14): | -8.79 | |
| Chande Momentum Oscillator (20): | 15.44 | |
| Repulse (5,40,3): | 2.3600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2400 | |
| Courbe Coppock: | 3.93 |
| MA7: | 370.28 | |
| MA20: | 369.94 | |
| MA50: | 351.42 | |
| MA100: | 371.82 | |
| MAexp7: | 375.08 | |
| MAexp20: | 368.14 | |
| MAexp50: | 363.74 | |
| MAexp100: | 368.36 | |
| Price / MA7: | +3.96% | |
| Price / MA20: | +4.06% | |
| Price / MA50: | +9.54% | |
| Price / MA100: | +3.53% | |
| Price / MAexp7: | +2.63% | |
| Price / MAexp20: | +4.57% | |
| Price / MAexp50: | +5.83% | |
| Price / MAexp100: | +4.50% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis NASDAQ TELECOM INDEX - Daily