NASDAQ TELECOM INDEX - 1H - Technical analysis published on 05/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 383.05 USD
My targets
380.28 USD (-0.37%)
377.35 USD (-1.14%)
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 383.05 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 380.28 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 377.35 USD as an objective. Crossing it would then enable sellers to target 375.64 USD. If the resistance 383.05 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
2.1
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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 381.69 USD. On the day, this instrument lost -0.02% and was traded between 380.65 USD and 383.17 USD over the period. The price is currently at +0.27% from its lowest and -0.39% from its highest.380.65
383.17
381.69
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 TELECOM INDEX:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NASDAQ TELECOM INDEX indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 375.64 | 377.35 | 380.28 | 381.69 | 383.05 | 385.26 | 390.75 |
| Change (%) | -1.59% | -1.14% | -0.37% | - | +0.36% | +0.94% | +2.37% |
| Change | -6.05 | -4.34 | -1.41 | - | +1.36 | +3.57 | +9.06 |
| Level | Major | Intermediate | Minor | - | Minor | Minor | Intermediate |
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 | 371.96 | 374.26 | 378.01 | 380.31 | 384.06 | 386.36 | 390.11 |
| Camarilla | 380.09 | 380.64 | 381.20 | 381.75 | 382.31 | 382.86 | 383.41 |
| Woodie | 372.68 | 374.62 | 378.73 | 380.67 | 384.78 | 386.72 | 390.83 |
| Fibonacci | 374.26 | 376.57 | 378.00 | 380.31 | 382.62 | 384.05 | 386.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 360.90 | 368.67 | 375.21 | 382.98 | 389.52 | 397.29 | 403.83 |
| Camarilla | 377.82 | 379.13 | 380.44 | 381.75 | 383.06 | 384.37 | 385.69 |
| Woodie | 360.29 | 368.36 | 374.60 | 382.67 | 388.91 | 396.98 | 403.22 |
| Fibonacci | 368.67 | 374.14 | 377.51 | 382.98 | 388.45 | 391.82 | 397.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 353.13 | 364.13 | 378.18 | 389.18 | 403.23 | 414.23 | 428.28 |
| Camarilla | 385.34 | 387.64 | 389.93 | 392.23 | 394.53 | 396.82 | 399.12 |
| Woodie | 354.66 | 364.89 | 379.71 | 389.94 | 404.76 | 414.99 | 429.81 |
| Fibonacci | 364.13 | 373.70 | 379.61 | 389.18 | 398.75 | 404.66 | 414.23 |
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): | 47.27 | |
| MACD (12,26,9): | -0.8100 | |
| Directional Movement: | 2.98 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 380.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 378.47 | |
| Elder Ray (13): | 0.71 | |
| Super Trend (3,10): | 382.91 | |
| Zig ZAG (10): | 381.40 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 77.48 | |
| TEMA (21): | 380.13 | |
| Williams %R (14): | -24.87 | |
| Chande Momentum Oscillator (20): | 4.37 | |
| Repulse (5,40,3): | -0.1400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 0.44 |
| MA7: | 383.81 | |
| MA20: | 383.12 | |
| MA50: | 387.19 | |
| MA100: | 390.79 | |
| MAexp7: | 381.18 | |
| MAexp20: | 381.34 | |
| MAexp50: | 382.68 | |
| MAexp100: | 383.49 | |
| Price / MA7: | -0.55% | |
| Price / MA20: | -0.37% | |
| Price / MA50: | -1.42% | |
| Price / MA100: | -2.33% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.47% |
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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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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