NASDAQ TELECOM INDEX - 1H - Technical analysis published on 09/14/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 376.30 USD
My targets
370.98 USD (-1.08%)
367.97 USD (-1.88%)
My analysis
The bearish trend is currently very strong for NASDAQ TELECOM INDEX. As long as the price remains below the resistance at 376.30 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 370.98 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 367.97 USD as an objective. Crossing it would then enable sellers to target 326.76 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ TELECOM INDEX rating is 375.04 USD. The price has increased by +1.41% since the last closing with the lowest point at 369.84 USD and the highest point at 375.20 USD. The deviation from the price is +1.41% for the low point and -0.04% for the high point.369.84
375.20
375.04
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NASDAQ TELECOM INDEX chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 4 are neutral and 9 are bearish. The Central Indicators scanner found this result concerning these indicators:
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 Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 298.54 | 326.76 | 370.98 | 375.04 | 376.30 | 383.99 | 392.20 |
| Change (%) | -20.40% | -12.87% | -1.08% | - | +0.34% | +2.39% | +4.58% |
| Change | -76.50 | -48.28 | -4.06 | - | +1.26 | +8.95 | +17.16 |
| Level | Major | Minor | Minor | - | Minor | Major | Intermediate |
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 | 351.19 | 360.24 | 365.04 | 374.09 | 378.89 | 387.94 | 392.74 |
| Camarilla | 366.02 | 367.29 | 368.56 | 369.83 | 371.10 | 372.37 | 373.64 |
| Woodie | 349.06 | 359.18 | 362.91 | 373.03 | 376.76 | 386.88 | 390.61 |
| Fibonacci | 360.24 | 365.53 | 368.80 | 374.09 | 379.38 | 382.65 | 387.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 367.97 | 372.14 | 379.80 | 383.97 | 391.63 | 395.80 | 403.46 |
| Camarilla | 384.22 | 385.30 | 386.39 | 387.47 | 388.55 | 389.64 | 390.72 |
| Woodie | 369.73 | 373.01 | 381.56 | 384.84 | 393.39 | 396.67 | 405.22 |
| Fibonacci | 372.14 | 376.66 | 379.45 | 383.97 | 388.49 | 391.28 | 395.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 344.20 | 365.19 | 376.05 | 397.04 | 407.90 | 428.89 | 439.75 |
| Camarilla | 378.14 | 381.06 | 383.98 | 386.90 | 389.82 | 392.74 | 395.66 |
| Woodie | 339.13 | 362.66 | 370.98 | 394.51 | 402.83 | 426.36 | 434.68 |
| Fibonacci | 365.19 | 377.36 | 384.88 | 397.04 | 409.21 | 416.73 | 428.89 |
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): | 35.67 | |
| MACD (12,26,9): | -3.3000 | |
| Directional Movement: | -28.66 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 374.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 378.01 | |
| Elder Ray (13): | -2.86 | |
| Super Trend (3,10): | 380.51 | |
| Zig ZAG (10): | 373.94 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 20.60 | |
| TEMA (21): | 372.44 | |
| Williams %R (14): | -77.24 | |
| Chande Momentum Oscillator (20): | -14.99 | |
| Repulse (5,40,3): | 0.2100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 7.84 |
| MA7: | 380.41 | |
| MA20: | 391.67 | |
| MA50: | 396.81 | |
| MA100: | 399.14 | |
| MAexp7: | 374.53 | |
| MAexp20: | 378.62 | |
| MAexp50: | 382.45 | |
| MAexp100: | 387.17 | |
| Price / MA7: | -1.41% | |
| Price / MA20: | -4.25% | |
| Price / MA50: | -5.49% | |
| Price / MA100: | -6.04% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | -0.95% | |
| Price / MAexp50: | -1.94% | |
| Price / MAexp100: | -3.13% |
Quotes :
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15 min delayed data
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NASDAQ US Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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