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 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

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 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.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by NASDAQ TELECOM INDEX:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

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:

Central Candlesticks

Downside gap

Type : Bearish

Timeframe : Daily


Doji

Type : Neutral

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard459.09462.97465.20469.08471.31475.19477.42
Camarilla465.74466.30466.86467.42467.98468.54469.10
Woodie458.26462.56464.37468.67470.48474.78476.59
Fibonacci462.97465.31466.75469.08471.42472.86475.19


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard453.40462.32471.26480.18489.12498.04506.98
Camarilla475.30476.94478.57480.21481.85483.48485.12
Woodie453.42462.33471.28480.19489.14498.05507.00
Fibonacci462.32469.14473.35480.18487.00491.21498.04


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard428.71445.43471.12487.84513.53530.25555.94
Camarilla485.14489.03492.91496.80500.69504.58508.46
Woodie433.19447.67475.60490.08518.01532.49560.42
Fibonacci445.43461.63471.64487.84504.04514.05530.25

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 : - 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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