NASDAQ CTA INTERNET INDEX - 1H - Technical analysis published on 09/07/2022 (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 bullish
Underlying:
Slightly bearish
Technical indicators
72%
0%
28%
My opinion
Bullish above 766.22 USD
My targets
794.88 USD (+2.23%)
812.76 USD (+4.53%)
My analysis
The strong short-term increase in NASDAQ CTA INTERNET INDEX calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 766.22 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 794.88 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 812.76 USD as an objective. Crossing it would then enable buyers to target 827.27 USD. Caution, a return under 766.22 USD could jeopardize the reversal.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.7
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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 CTA INTERNET INDEX price is 777.51 USD. The price has increased by +2.93% since the last closing with the lowest point at 754.75 USD and the highest point at 777.71 USD. The deviation from the price is +3.02% for the low point and -0.03% for the high point.754.75
777.71
777.51
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NASDAQ CTA INTERNET INDEX:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NASDAQ CTA INTERNET INDEX chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish 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 trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 668.24 | 753.50 | 766.22 | 777.51 | 794.88 | 827.27 | 866.62 |
| Change (%) | -14.05% | -3.09% | -1.45% | - | +2.23% | +6.40% | +11.46% |
| Change | -109.27 | -24.01 | -11.29 | - | +17.37 | +49.76 | +89.11 |
| Level | Major | Intermediate | Minor | - | Intermediate | Intermediate | 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 | 730.15 | 739.13 | 747.24 | 756.22 | 764.33 | 773.31 | 781.42 |
| Camarilla | 750.66 | 752.23 | 753.79 | 755.36 | 756.93 | 758.49 | 760.06 |
| Woodie | 729.73 | 738.91 | 746.82 | 756.00 | 763.91 | 773.09 | 781.00 |
| Fibonacci | 739.13 | 745.66 | 749.69 | 756.22 | 762.75 | 766.78 | 773.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 704.85 | 729.18 | 746.64 | 770.97 | 788.43 | 812.76 | 830.22 |
| Camarilla | 752.62 | 756.45 | 760.28 | 764.11 | 767.94 | 771.77 | 775.60 |
| Woodie | 701.43 | 727.46 | 743.22 | 769.25 | 785.01 | 811.04 | 826.80 |
| Fibonacci | 729.18 | 745.14 | 755.00 | 770.97 | 786.93 | 796.79 | 812.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 614.11 | 690.16 | 732.90 | 808.95 | 851.69 | 927.74 | 970.48 |
| Camarilla | 742.96 | 753.85 | 764.74 | 775.63 | 786.52 | 797.41 | 808.30 |
| Woodie | 597.45 | 681.83 | 716.24 | 800.62 | 835.03 | 919.41 | 953.82 |
| Fibonacci | 690.16 | 735.54 | 763.58 | 808.95 | 854.33 | 882.37 | 927.74 |
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): | 60.14 | |
| MACD (12,26,9): | -0.4400 | |
| Directional Movement: | 8.72 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 764.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 748.67 | |
| Elder Ray (13): | 9.84 | |
| Super Trend (3,10): | 778.43 | |
| Zig ZAG (10): | 776.98 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 98.02 | |
| TEMA (21): | 769.00 | |
| Williams %R (14): | -2.73 | |
| Chande Momentum Oscillator (20): | 18.24 | |
| Repulse (5,40,3): | 1.4000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 0.47 |
| MA7: | 771.66 | |
| MA20: | 814.91 | |
| MA50: | 789.24 | |
| MA100: | 795.21 | |
| MAexp7: | 769.49 | |
| MAexp20: | 766.51 | |
| MAexp50: | 774.78 | |
| MAexp100: | 789.10 | |
| Price / MA7: | +0.76% | |
| Price / MA20: | -4.59% | |
| Price / MA50: | -1.49% | |
| Price / MA100: | -2.23% | |
| Price / MAexp7: | +1.04% | |
| Price / MAexp20: | +1.44% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | -1.47% |
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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