NASDAQ TELECOM INDEX - Daily - Technical analysis published on 01/19/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 487.84 USD
My targets
439.67 USD (-5.21%)
428.71 USD (-7.58%)
My analysis
NASDAQ TELECOM INDEX is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 487.84 USD. The next support located at 439.67 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 428.71 USD. Below this support, sellers could then target 383.99 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.5
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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 TELECOM INDEX price is 463.86 USD. The price is lower by -0.76% since the last closing and was traded between 463.24 USD and 466.03 USD over the period. The price is currently at +0.13% from its lowest and -0.47% from its highest.463.24
466.03
463.86
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NASDAQ TELECOM INDEX:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NASDAQ TELECOM INDEX indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Downside gap
Type : Bearish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 383.99 | 439.67 | 462.41 | 463.86 | 499.50 | 523.94 | 538.51 |
| Change (%) | -17.22% | -5.21% | -0.31% | - | +7.68% | +12.95% | +16.09% |
| Change | -79.87 | -24.19 | -1.45 | - | +35.64 | +60.08 | +74.65 |
| Level | Major | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 459.09 | 462.97 | 465.20 | 469.08 | 471.31 | 475.19 | 477.42 |
| Camarilla | 465.74 | 466.30 | 466.86 | 467.42 | 467.98 | 468.54 | 469.10 |
| Woodie | 458.26 | 462.56 | 464.37 | 468.67 | 470.48 | 474.78 | 476.59 |
| Fibonacci | 462.97 | 465.31 | 466.75 | 469.08 | 471.42 | 472.86 | 475.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 453.40 | 462.32 | 471.26 | 480.18 | 489.12 | 498.04 | 506.98 |
| Camarilla | 475.30 | 476.94 | 478.57 | 480.21 | 481.85 | 483.48 | 485.12 |
| Woodie | 453.42 | 462.33 | 471.28 | 480.19 | 489.14 | 498.05 | 507.00 |
| Fibonacci | 462.32 | 469.14 | 473.35 | 480.18 | 487.00 | 491.21 | 498.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 428.71 | 445.43 | 471.12 | 487.84 | 513.53 | 530.25 | 555.94 |
| Camarilla | 485.14 | 489.03 | 492.91 | 496.80 | 500.69 | 504.58 | 508.46 |
| Woodie | 433.19 | 447.67 | 475.60 | 490.08 | 518.01 | 532.49 | 560.42 |
| Fibonacci | 445.43 | 461.63 | 471.64 | 487.84 | 504.04 | 514.05 | 530.25 |
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): | 32.60 | |
| MACD (12,26,9): | -4.1900 | |
| Directional Movement: | -21.68 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 478.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 492.11 | |
| Elder Ray (13): | -15.41 | |
| Super Trend (3,10): | 487.20 | |
| Zig ZAG (10): | 465.05 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 10.87 | |
| TEMA (21): | 475.54 | |
| Williams %R (14): | -96.12 | |
| Chande Momentum Oscillator (20): | -32.16 | |
| Repulse (5,40,3): | -1.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 7.99 |
| MA7: | 477.27 | |
| MA20: | 487.46 | |
| MA50: | 486.28 | |
| MA100: | 502.79 | |
| MAexp7: | 475.42 | |
| MAexp20: | 482.44 | |
| MAexp50: | 488.61 | |
| MAexp100: | 497.33 | |
| Price / MA7: | -2.81% | |
| Price / MA20: | -4.84% | |
| Price / MA50: | -4.61% | |
| Price / MA100: | -7.74% | |
| Price / MAexp7: | -2.43% | |
| Price / MAexp20: | -3.85% | |
| Price / MAexp50: | -5.07% | |
| Price / MAexp100: | -6.73% |
Quotes :
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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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