MICRO E-MINI NASDAQ100 FULL0624 - 15 min. - Technical analysis published on 01/20/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 17,212.75 USD
My targets
17,505.00 USD (+0.38%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MICRO E-MINI NASDAQ100 FULL0324 as long as the price remains well above 17,212.75 USD. The buyers' bullish objective is set at 17,505.00 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.2
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This analysis was given by imlongcat. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MICRO E-MINI NASDAQ100 FULL0324 price is 17,438.50 USD. The price has increased by +1.92% since the last closing with the lowest point at 17,107.25 USD and the highest point at 17,472.00 USD. The deviation from the price is +1.94% for the low point and -0.19% for the high point.17,107.25
17,472.00
17,438.50
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of MICRO E-MINI NASDAQ100 FULL0324 in 15 min. shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 15 minutes
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 17,055.22 | 17,113.25 | 17,178.75 | 17,438.50 | 17,515.95 |
| Change (%) | -2.20% | -1.87% | -1.49% | - | +0.44% |
| Change | -383.28 | -325.25 | -259.75 | - | +77.45 |
| Level | Intermediate | Intermediate | Minor | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16,628.25 | 16,731.00 | 16,920.50 | 17,023.25 | 17,212.75 | 17,315.50 | 17,505.00 |
| Camarilla | 17,029.63 | 17,056.42 | 17,083.21 | 17,110.00 | 17,136.79 | 17,163.58 | 17,190.37 |
| Woodie | 16,671.63 | 16,752.69 | 16,963.88 | 17,044.94 | 17,256.13 | 17,337.19 | 17,548.38 |
| Fibonacci | 16,731.00 | 16,842.64 | 16,911.61 | 17,023.25 | 17,134.89 | 17,203.86 | 17,315.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,868.58 | 16,123.42 | 16,546.33 | 16,801.17 | 17,224.08 | 17,478.92 | 17,901.83 |
| Camarilla | 16,782.87 | 16,845.00 | 16,907.12 | 16,969.25 | 17,031.38 | 17,093.50 | 17,155.63 |
| Woodie | 15,952.63 | 16,165.44 | 16,630.38 | 16,843.19 | 17,308.13 | 17,520.94 | 17,985.88 |
| Fibonacci | 16,123.42 | 16,382.32 | 16,542.27 | 16,801.17 | 17,060.07 | 17,220.02 | 17,478.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,015.00 | 15,473.50 | 16,248.50 | 16,707.00 | 17,482.00 | 17,940.50 | 18,715.50 |
| Camarilla | 16,684.29 | 16,797.36 | 16,910.43 | 17,023.50 | 17,136.57 | 17,249.64 | 17,362.71 |
| Woodie | 15,173.25 | 15,552.63 | 16,406.75 | 16,786.13 | 17,640.25 | 18,019.63 | 18,873.75 |
| Fibonacci | 15,473.50 | 15,944.70 | 16,235.80 | 16,707.00 | 17,178.20 | 17,469.30 | 17,940.50 |
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): | 80.57 | |
| MACD (12,26,9): | 53.4800 | |
| Directional Movement: | 25.64 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 17,468.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 17,440.40 | |
| Elder Ray (13): | 39.57 | |
| Super Trend (3,10): | 17,393.29 | |
| Zig ZAG (10): | 17,463.25 | |
| VORTEX (21): | 1.4000 | |
| Stochastique (14,3,5): | 95.94 | |
| TEMA (21): | 17,486.49 | |
| Williams %R (14): | -7.19 | |
| Chande Momentum Oscillator (20): | 68.25 | |
| Repulse (5,40,3): | 0.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.36 |
| MA7: | 17,044.64 | |
| MA20: | 16,915.69 | |
| MA50: | 16,540.92 | |
| MA100: | 15,929.18 | |
| MAexp7: | 17,450.49 | |
| MAexp20: | 17,398.28 | |
| MAexp50: | 17,316.72 | |
| MAexp100: | 17,233.47 | |
| Price / MA7: | +2.31% | |
| Price / MA20: | +3.09% | |
| Price / MA50: | +5.43% | |
| Price / MA100: | +9.48% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +0.85% | |
| Price / MAexp100: | +1.33% |
Quotes :
-
10 min delayed data
-
CME E-mini Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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