NASDAQ TELECOM INDEX - 1H - Technical analysis published on 04/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 396.77 USD
My targets
399.61 USD (+0.36%)
405.37 USD (+1.81%)
My analysis
The basic bullish trend is very strong on NASDAQ TELECOM INDEX but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 396.77 USD. Crossing the first resistance at 399.61 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 405.37 USD as an objective. Crossing it would then enable buyers to target 418.14 USD. Caution, a return to below 396.77 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
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
NASDAQ TELECOM INDEX rating 398.17 USD. On the day, this instrument lost -0.02% and was between 394.59 USD and 398.29 USD. This implies that the price is at +0.91% from its lowest and at -0.03% from its highest.394.59
398.29
398.17
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NASDAQ TELECOM INDEX chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 383.51 | 392.89 | 396.77 | 398.17 | 399.61 | 405.37 | 418.14 |
| Change (%) | -3.68% | -1.33% | -0.35% | - | +0.36% | +1.81% | +5.02% |
| Change | -14.66 | -5.28 | -1.40 | - | +1.44 | +7.20 | +19.97 |
| Level | Minor | Major | Major | - | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 392.45 | 394.23 | 396.23 | 398.01 | 400.01 | 401.79 | 403.79 |
| Camarilla | 397.20 | 397.55 | 397.89 | 398.24 | 398.59 | 398.93 | 399.28 |
| Woodie | 392.57 | 394.29 | 396.35 | 398.07 | 400.13 | 401.85 | 403.91 |
| Fibonacci | 394.23 | 395.67 | 396.56 | 398.01 | 399.45 | 400.34 | 401.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 375.15 | 379.85 | 389.00 | 393.70 | 402.85 | 407.55 | 416.70 |
| Camarilla | 394.35 | 395.62 | 396.89 | 398.16 | 399.43 | 400.70 | 401.97 |
| Woodie | 377.39 | 380.96 | 391.24 | 394.81 | 405.09 | 408.66 | 418.94 |
| Fibonacci | 379.85 | 385.14 | 388.41 | 393.70 | 398.99 | 402.26 | 407.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 355.45 | 364.09 | 381.12 | 389.76 | 406.79 | 415.43 | 432.46 |
| Camarilla | 391.10 | 393.45 | 395.81 | 398.16 | 400.51 | 402.87 | 405.22 |
| Woodie | 359.66 | 366.19 | 385.33 | 391.86 | 411.00 | 417.53 | 436.67 |
| Fibonacci | 364.09 | 373.89 | 379.95 | 389.76 | 399.56 | 405.62 | 415.43 |
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): | 55.82 | |
| MACD (12,26,9): | 0.7700 | |
| Directional Movement: | 7.69 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 397.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 399.48 | |
| Elder Ray (13): | 0.40 | |
| Super Trend (3,10): | 399.76 | |
| Zig ZAG (10): | 397.83 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 56.22 | |
| TEMA (21): | 397.27 | |
| Williams %R (14): | -30.69 | |
| Chande Momentum Oscillator (20): | 3.59 | |
| Repulse (5,40,3): | 0.6100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.93 |
| MA7: | 395.99 | |
| MA20: | 387.78 | |
| MA50: | 393.17 | |
| MA100: | 388.88 | |
| MAexp7: | 397.11 | |
| MAexp20: | 396.62 | |
| MAexp50: | 394.25 | |
| MAexp100: | 391.65 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | +2.68% | |
| Price / MA50: | +1.27% | |
| Price / MA100: | +2.39% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +0.39% | |
| Price / MAexp50: | +0.99% | |
| Price / MAexp100: | +1.66% |
Quotes :
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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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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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