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 07/12/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 399.60 USD

My targets

411.87 USD (+1.72%)

439.67 USD (+8.58%)

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 399.60 USD. The next resistance located at 411.87 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 439.67 USD. After this resistance, buyers could then target 462.15 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

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 price is 404.91 USD. The price registered a decrease of -0.10% on the session and was traded between 404.89 USD and 407.91 USD over the period. The price is currently at +0.00% from its lowest and -0.74% from its highest.

404.89

407.91

404.91

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of NASDAQ TELECOM INDEX indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Black gravestone / inverted hammer

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	365.88	376.78	399.60	404.91	411.87	439.67	462.15
Change (%)	-9.64%	-6.95%	-1.31%	-	+1.72%	+8.58%	+14.14%
Change	-39.03	-28.13	-5.31	-	+6.96	+34.76	+57.24
Level	Minor	Major	Major	-	Intermediate	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	397.80	399.50	402.41	404.11	407.02	408.72	411.63
Camarilla	404.05	404.48	404.90	405.32	405.74	406.17	406.59
Woodie	398.41	399.80	403.02	404.41	407.63	409.02	412.24
Fibonacci	399.50	401.26	402.35	404.11	405.87	406.96	408.72

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	385.87	389.91	394.16	398.20	402.45	406.49	410.74
Camarilla	396.13	396.89	397.65	398.41	399.17	399.93	400.69
Woodie	385.98	389.96	394.27	398.25	402.56	406.54	410.85
Fibonacci	389.91	393.08	395.03	398.20	401.37	403.32	406.49

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	354.40	363.98	382.09	391.67	409.78	419.36	437.47
Camarilla	392.58	395.11	397.65	400.19	402.73	405.27	407.81
Woodie	358.66	366.11	386.35	393.80	414.04	421.49	441.73
Fibonacci	363.98	374.56	381.10	391.67	402.25	408.79	419.36

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):	67.26
MACD (12,26,9):	4.6300
Directional Movement:	16.25
AROON (14):	85.71
DEMA (21):	401.16
Parabolic SAR (0,02-0,02-0,2):	391.42
Elder Ray (13):	8.26
Super Trend (3,10):	392.00
Zig ZAG (10):	404.99
VORTEX (21):	1.1300
Stochastique (14,3,5):	90.76
TEMA (21):	404.20
Williams %R (14):	-11.88
Chande Momentum Oscillator (20):	21.51
Repulse (5,40,3):	0.5000
ROCnROLL:	1
TRIX (15,9):	0.1400
Courbe Coppock:	6.62

MA7:	401.08
MA20:	394.53
MA50:	387.80
MA100:	388.69
MAexp7:	401.16
MAexp20:	395.63
MAexp50:	390.92
MAexp100:	389.05
Price / MA7:	+0.95%
Price / MA20:	+2.63%
Price / MA50:	+4.41%
Price / MA100:	+4.17%
Price / MAexp7:	+0.93%
Price / MAexp20:	+2.35%
Price / MAexp50:	+3.58%
Price / MAexp100:	+4.08%

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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