NASDAQ CTA INTERNET INDEX

- USD (-)

- 15 min delayed data - NASDAQ US Indices

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Volume:	-

Low:	-
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Type:	Indices
Ticker:	QNET
ISIN:

NASDAQ CTA INTERNET INDEX - 1H - Technical analysis published on 12/29/2022 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

39%

My opinion

Bearish under 689.17 USD

My targets

668.24 USD (-1.68%)

660.97 USD (-2.75%)

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 CTA INTERNET INDEX. As long as you are under the resistance located at 689.17 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 668.24 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 660.97 USD as an objective. Crossing it would then enable sellers to target 430.08 USD. If the resistance 689.17 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.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.3

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

NASDAQ CTA INTERNET INDEX rating 679.69 USD. On the day, this instrument gained +3.08% and was traded between 663.98 USD and 679.87 USD over the period. The price is currently at +2.37% from its lowest and -0.03% from its highest.

663.98

679.87

679.69

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of this 1H chart of NASDAQ CTA INTERNET INDEX indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	430.08	660.97	668.24	679.69	689.17	715.22	738.52
Change (%)	-36.72%	-2.75%	-1.68%	-	+1.39%	+5.23%	+8.66%
Change	-249.61	-18.72	-11.45	-	+9.48	+35.53	+58.83
Level	Minor	Minor	Major	-	Intermediate	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	639.19	649.04	654.20	664.05	669.21	679.06	684.22
Camarilla	655.24	656.62	657.99	659.37	660.75	662.12	663.50
Woodie	636.86	647.87	651.87	662.88	666.88	677.89	681.89
Fibonacci	649.04	654.77	658.31	664.05	669.78	673.32	679.06

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	630.96	645.96	660.77	675.77	690.58	705.58	720.39
Camarilla	667.37	670.11	672.84	675.57	678.30	681.04	683.77
Woodie	630.86	645.91	660.67	675.72	690.48	705.53	720.29
Fibonacci	645.96	657.35	664.39	675.77	687.16	694.20	705.58

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	557.50	598.22	666.12	706.84	774.74	815.46	883.36
Camarilla	704.15	714.11	724.06	734.02	743.98	753.93	763.89
Woodie	571.09	605.02	679.71	713.64	788.33	822.26	896.95
Fibonacci	598.22	639.71	665.35	706.84	748.33	773.97	815.46

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):	49.48
MACD (12,26,9):	-2.6400
Directional Movement:	0.08
AROON (14):	-35.71
DEMA (21):	670.19
Parabolic SAR (0,02-0,02-0,2):	661.25
Elder Ray (13):	1.58
Super Trend (3,10):	677.61
Zig ZAG (10):	675.57
VORTEX (21):	1.0400
Stochastique (14,3,5):	56.78
TEMA (21):	671.96
Williams %R (14):	-20.61
Chande Momentum Oscillator (20):	6.92
Repulse (5,40,3):	0.6700
ROCnROLL:	-1
TRIX (15,9):	-0.0800
Courbe Coppock:	2.75

MA7:	680.18
MA20:	702.00
MA50:	697.74
MA100:	734.73
MAexp7:	673.17
MAexp20:	674.31
MAexp50:	682.05
MAexp100:	690.40
Price / MA7:	-0.07%
Price / MA20:	-3.18%
Price / MA50:	-2.59%
Price / MA100:	-7.49%
Price / MAexp7:	+0.97%
Price / MAexp20:	+0.80%
Price / MAexp50:	-0.34%
Price / MAexp100:	-1.55%

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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