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 03/21/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 372.30 USD

My targets

394.59 USD (+1.34%)

405.37 USD (+4.11%)

My analysis

A bullish trend on NASDAQ TELECOM INDEX both in substance and in the short term. A purchase could be considered as long as the price remains above 372.30 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 394.59 USD. Then the price could move towards 405.37 USD. Then 417.74 USD by extension. Be careful, a return below 372.30 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

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

3.9

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NASDAQ TELECOM INDEX rating is 389.36 USD. The price is lower by -0.01% since the last closing with the lowest point at 389.13 USD and the highest point at 393.10 USD. The deviation from the price is +0.06% for the low point and -0.95% for the high point.

389.13

393.10

389.36

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by NASDAQ TELECOM INDEX:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this NASDAQ TELECOM INDEX chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	329.24	353.55	372.30	389.36	394.59	405.37	417.74
Change (%)	-15.44%	-9.20%	-4.38%	-	+1.34%	+4.11%	+7.29%
Change	-60.12	-35.81	-17.06	-	+5.23	+16.01	+28.38
Level	Major	Minor	Major	-	Major	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	381.04	383.12	386.25	388.33	391.46	393.54	396.67
Camarilla	387.95	388.43	388.90	389.38	389.86	390.34	390.81
Woodie	381.57	383.38	386.78	388.59	391.99	393.80	397.20
Fibonacci	383.12	385.11	386.34	388.33	390.32	391.55	393.54

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	362.90	367.81	376.12	381.03	389.34	394.25	402.56
Camarilla	380.80	382.01	383.22	384.43	385.64	386.85	388.07
Woodie	364.60	368.66	377.82	381.88	391.04	395.10	404.26
Fibonacci	367.81	372.86	375.98	381.03	386.08	389.20	394.25

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	356.36	372.49	380.62	396.75	404.88	421.01	429.14
Camarilla	382.09	384.31	386.54	388.76	390.98	393.21	395.43
Woodie	352.37	370.49	376.63	394.75	400.89	419.01	425.15
Fibonacci	372.49	381.75	387.48	396.75	406.01	411.74	421.01

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):	51.03
MACD (12,26,9):	-2.5900
Directional Movement:	0.73
AROON (14):	-35.71
DEMA (21):	383.81
Parabolic SAR (0,02-0,02-0,2):	373.07
Elder Ray (13):	5.19
Super Trend (3,10):	395.63
Zig ZAG (10):	389.21
VORTEX (21):	0.7800
Stochastique (14,3,5):	68.01
TEMA (21):	381.95
Williams %R (14):	-25.12
Chande Momentum Oscillator (20):	-2.03
Repulse (5,40,3):	0.5800
ROCnROLL:	1
TRIX (15,9):	-0.1300
Courbe Coppock:	3.84

MA7:	383.74
MA20:	386.80
MA50:	394.49
MA100:	386.00
MAexp7:	385.73
MAexp20:	387.37
MAexp50:	389.14
MAexp100:	387.62
Price / MA7:	+1.46%
Price / MA20:	+0.66%
Price / MA50:	-1.30%
Price / MA100:	+0.87%
Price / MAexp7:	+0.94%
Price / MAexp20:	+0.51%
Price / MAexp50:	+0.06%
Price / MAexp100:	+0.45%

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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Londinia AI

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