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 - 1H - Technical analysis published on 06/28/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 390.75 USD

My targets

400.45 USD (+1.68%)

411.87 USD (+4.58%)

My analysis

NASDAQ TELECOM INDEX is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 390.75 USD. The next resistance located at 400.45 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 411.87 USD. After this resistance, buyers could then target 439.67 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

7.7

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

The NASDAQ TELECOM INDEX rating is 393.82 USD. The price is lower by -0.05% since the last closing with the lowest point at 391.54 USD and the highest point at 394.54 USD. The deviation from the price is +0.58% for the low point and -0.18% for the high point.

391.54

394.54

393.82

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of NASDAQ TELECOM INDEX in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	375.80	382.53	390.75	393.82	394.59	411.87	439.67
Change (%)	-4.58%	-2.87%	-0.78%	-	+0.20%	+4.58%	+11.64%
Change	-18.02	-11.29	-3.07	-	+0.77	+18.05	+45.85
Level	Major	Intermediate	Minor	-	Major	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	381.56	384.51	389.25	392.20	396.94	399.89	404.63
Camarilla	391.89	392.59	393.30	394.00	394.71	395.41	396.12
Woodie	382.47	384.96	390.16	392.65	397.85	400.34	405.54
Fibonacci	384.51	387.44	389.26	392.20	395.13	396.95	399.89

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	369.22	375.88	379.63	386.29	390.04	396.70	400.45
Camarilla	380.53	381.48	382.44	383.39	384.34	385.30	386.25
Woodie	367.78	375.15	378.19	385.56	388.60	395.97	399.01
Fibonacci	375.88	379.85	382.31	386.29	390.26	392.72	396.70

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	356.39	366.41	374.35	384.37	392.31	402.33	410.27
Camarilla	377.34	378.99	380.63	382.28	383.93	385.57	387.22
Woodie	355.34	365.89	373.30	383.85	391.26	401.81	409.22
Fibonacci	366.41	373.27	377.51	384.37	391.23	395.47	402.33

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	70.29
MACD (12,26,9):	1.7600
Directional Movement:	24.68
AROON (14):	100.00
DEMA (21):	391.80
Parabolic SAR (0,02-0,02-0,2):	390.21
Elder Ray (13):	3.43
Super Trend (3,10):	390.31
Zig ZAG (10):	394.00
VORTEX (21):	1.1700
Stochastique (14,3,5):	94.81
TEMA (21):	393.65
Williams %R (14):	-10.39
Chande Momentum Oscillator (20):	6.88
Repulse (5,40,3):	0.1600
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	3.96

MA7:	388.73
MA20:	385.69
MA50:	384.80
MA100:	388.63
MAexp7:	392.75
MAexp20:	390.02
MAexp50:	388.69
MAexp100:	387.34
Price / MA7:	+1.31%
Price / MA20:	+2.11%
Price / MA50:	+2.34%
Price / MA100:	+1.34%
Price / MAexp7:	+0.27%
Price / MAexp20:	+0.97%
Price / MAexp50:	+1.32%
Price / MAexp100:	+1.67%

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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