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)
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- 03/21/2023 - 17:35
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- Timeframe : Daily
- - Analysis generated on 03/21/2023 - 17:35
- 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
0
10
3.9
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:
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
S3
S2
S1
R1
R2
R3
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 :
03/21/2023 - 17:19
-
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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