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 12/13/2019 (GMT)

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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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  • Timeframe : Daily
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 394.59 USD
My targets
364.62 USD (-2.72%)
348.76 USD (-6.95%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NASDAQ TELECOM INDEX. As long as you are under the resistance located at 394.59 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 364.62 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 348.76 USD as an objective. Crossing it would then enable sellers to target 316.45 USD. If the resistance 394.59 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
1.4

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 374.80 USD. On the day, this instrument gained +0.50% with the lowest point at 372.85 USD and the highest point at 375.60 USD. The deviation from the price is +0.52% for the low point and -0.21% for the high point.

372.85
375.60
374.80

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



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

Technical


Technical analysis of this Daily chart of NASDAQ TELECOM INDEX indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily



Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Upside gap

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 316.45 348.76 373.50 374.80 394.59 416.13 439.67
Change (%) -15.57% -6.95% -0.35% - +5.28% +11.03% +17.31%
Change -58.35 -26.04 -1.30 - +19.79 +41.33 +64.87
Level Intermediate Minor Major - Major Minor Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard360.93363.58368.25370.89375.57378.21382.89
Camarilla370.92371.59372.26372.93373.60374.27374.94
Woodie361.95364.08369.27371.40376.59378.72383.91
Fibonacci363.58366.37368.10370.89373.69375.42378.21


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard347.81355.59360.85368.62373.88381.66386.92
Camarilla362.52363.71364.91366.10367.30368.50369.69
Woodie346.55354.96359.59367.99372.62381.03385.66
Fibonacci355.59360.57363.64368.62373.61376.68381.66


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard336.86353.11364.62380.88392.39408.65420.16
Camarilla368.50371.04373.59376.13378.68381.22383.77
Woodie334.48351.93362.25379.69390.02407.46417.78
Fibonacci353.11363.72370.27380.88391.49398.04408.65

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 49.30
MACD (12,26,9): -3.5800
Directional Movement: -0.27
AROON (14): -64.28
DEMA (21): 367.13
Parabolic SAR (0,02-0,02-0,2): 363.06
Elder Ray (13): 3.69
Super Trend (3,10): 376.15
Zig ZAG (10): 373.01
VORTEX (21): 0.9100
Stochastique (14,3,5): 48.26
TEMA (21): 366.20
Williams %R (14): -33.75
Chande Momentum Oscillator (20): -2.63
Repulse (5,40,3): 0.8200
ROCnROLL: -1
TRIX (15,9): -0.1600
Courbe Coppock: 3.38
MA7: 367.06
MA20: 371.00
MA50: 378.67
MA100: 387.29
MAexp7: 369.38
MAexp20: 372.10
MAexp50: 378.44
MAexp100: 386.36
Price / MA7: +2.11%
Price / MA20: +1.02%
Price / MA50: -1.02%
Price / MA100: -3.22%
Price / MAexp7: +1.47%
Price / MAexp20: +0.73%
Price / MAexp50: -0.96%
Price / MAexp100: -2.99%

This member declared not having a position on this financial instrument or a related financial instrument.

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