NASDAQ TELECOM INDEX - Daily - Technical analysis published on 06/21/2019 (GMT)
- 274
- 0
- Who voted?
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 426.88 USD
My targets
437.13 USD (+1.07%)
My analysis
NASDAQ Telecom Index is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 426.88 USD. The next resistance located at 437.13 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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:
Additional analysis
Quotes
The NASDAQ Telecom Index rating is 432.49 USD. The price has increased by +1.49% since the last closing and was between 428.32 USD and 433.30 USD. This implies that the price is at +0.97% from its lowest and at -0.19% from its highest.428.32
433.30
432.49
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NASDAQ Telecom Index:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NASDAQ Telecom Index indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 354.30 | 394.59 | 426.88 | 432.49 | 437.13 |
| Change (%) | -18.08% | -8.76% | -1.30% | - | +1.07% |
| Change | -78.19 | -37.90 | -5.61 | - | +4.64 |
| Level | Minor | Major | Major | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 420.15 | 421.79 | 423.96 | 425.60 | 427.77 | 429.41 | 431.58 |
| Camarilla | 425.08 | 425.43 | 425.78 | 426.13 | 426.48 | 426.83 | 427.18 |
| Woodie | 420.41 | 421.92 | 424.22 | 425.73 | 428.03 | 429.54 | 431.84 |
| Fibonacci | 421.79 | 423.24 | 424.14 | 425.60 | 427.06 | 427.96 | 429.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 391.68 | 402.95 | 408.89 | 420.15 | 426.09 | 437.36 | 443.30 |
| Camarilla | 410.09 | 411.67 | 413.25 | 414.82 | 416.40 | 417.98 | 419.56 |
| Woodie | 389.01 | 401.61 | 406.22 | 418.82 | 423.43 | 436.03 | 440.64 |
| Fibonacci | 402.95 | 409.52 | 413.58 | 420.15 | 426.73 | 430.79 | 437.36 |
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): | 61.18 | |
| MACD (12,26,9): | 2.4100 | |
| Directional Movement: | 12.53 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 422.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 409.76 | |
| Elder Ray (13): | 9.28 | |
| Super Trend (3,10): | 411.02 | |
| Zig ZAG (10): | 432.49 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 87.43 | |
| TEMA (21): | 425.00 | |
| Williams %R (14): | -2.18 | |
| Chande Momentum Oscillator (20): | 25.46 | |
| Repulse (5,40,3): | 0.8300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 7.35 |
| MA7: | 422.81 | |
| MA20: | 416.26 | |
| MA50: | 421.66 | |
| MA100: | 411.26 | |
| MAexp7: | 424.38 | |
| MAexp20: | 420.03 | |
| MAexp50: | 417.38 | |
| MAexp100: | 409.38 | |
| Price / MA7: | +2.29% | |
| Price / MA20: | +3.90% | |
| Price / MA50: | +2.57% | |
| Price / MA100: | +5.16% | |
| Price / MAexp7: | +1.91% | |
| Price / MAexp20: | +2.97% | |
| Price / MAexp50: | +3.62% | |
| Price / MAexp100: | +5.65% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis NASDAQ TELECOM INDEX - Daily