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 05/12/2020 (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
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:
15 min. 1H Weekly

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.

Central Gaps

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:

Central Indicators

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:

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 detector scanner for these technical indicators has recently detected several signals:

Central Indicators

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:

Central Candlesticks

Upside gap

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard368.78372.12378.57381.90388.35391.68398.13
Camarilla382.32383.22384.12385.01385.91386.81387.70
Woodie370.34372.90380.12382.68389.90392.46399.69
Fibonacci372.12375.86378.16381.90385.64387.95391.68


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard337.33346.95365.98375.61394.64404.26423.29
Camarilla377.13379.76382.39385.01387.64390.27392.89
Woodie342.03349.31370.69377.96399.34406.62428.00
Fibonacci346.95357.90364.66375.61386.56393.32404.26


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard285.40307.84338.72361.16392.04414.48445.37
Camarilla354.95359.83364.72369.61374.50379.38384.27
Woodie289.63309.95342.95363.27396.27416.59449.59
Fibonacci307.84328.21340.79361.16381.53394.11414.48

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.

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