NASDAQ100 - MINI NASDAQ100 FULL0624 - 1H - Technical analysis published on 03/18/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 12,993.30 USD
My targets
12,760.40 USD (-1.07%)
12,411.50 USD (-3.77%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NASDAQ100 - MINI NASDAQ100 FULL0621 as long as the price remains well below 12,993.30 USD. The sellers” bearish objective is set at 12,760.40 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12,411.50 USD. In case of crossing, the next objective would be the support located at 12,281.80 USD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ100 - MINI NASDAQ100 FULL0621 rating is 12,898.00 USD. On the day, this instrument lost -2.21% and was between 12,896.00 USD and 13,267.00 USD. This implies that the price is at +0.02% from its lowest and at -2.78% from its highest.12,896.00
13,267.00
12,898.00
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NASDAQ100 - MINI NASDAQ100 FULL0621 in 1H shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced 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.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
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 bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12,281.80 | 12,411.50 | 12,760.40 | 12,898.00 | 12,902.60 | 12,993.30 | 13,119.20 |
| Change (%) | -4.78% | -3.77% | -1.07% | - | +0.04% | +0.74% | +1.71% |
| Change | -616.20 | -486.50 | -137.60 | - | +4.60 | +95.30 | +221.20 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Minor |
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 | 12,655.00 | 12,794.60 | 12,991.80 | 13,131.40 | 13,328.60 | 13,468.20 | 13,665.40 |
| Camarilla | 13,096.38 | 13,127.25 | 13,158.13 | 13,189.00 | 13,219.87 | 13,250.75 | 13,281.62 |
| Woodie | 12,683.80 | 12,809.00 | 13,020.60 | 13,145.80 | 13,357.40 | 13,482.60 | 13,694.20 |
| Fibonacci | 12,794.60 | 12,923.26 | 13,002.74 | 13,131.40 | 13,260.06 | 13,339.54 | 13,468.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,593.53 | 11,937.67 | 12,430.93 | 12,775.07 | 13,268.33 | 13,612.47 | 14,105.73 |
| Camarilla | 12,693.92 | 12,770.68 | 12,847.44 | 12,924.20 | 13,000.96 | 13,077.72 | 13,154.49 |
| Woodie | 11,668.10 | 11,974.95 | 12,505.50 | 12,812.35 | 13,342.90 | 13,649.75 | 14,180.30 |
| Fibonacci | 11,937.67 | 12,257.55 | 12,455.18 | 12,775.07 | 13,094.95 | 13,292.58 | 13,612.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,422.87 | 12,042.53 | 12,661.17 | 13,280.83 | 13,899.47 | 14,519.13 | 15,137.77 |
| Camarilla | 12,939.27 | 13,052.78 | 13,166.29 | 13,279.80 | 13,393.31 | 13,506.82 | 13,620.33 |
| Woodie | 11,422.35 | 12,042.28 | 12,660.65 | 13,280.58 | 13,898.95 | 14,518.88 | 15,137.25 |
| Fibonacci | 12,042.53 | 12,515.56 | 12,807.80 | 13,280.83 | 13,753.86 | 14,046.10 | 14,519.13 |
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): | 37.00 | |
| MACD (12,26,9): | -52.6200 | |
| Directional Movement: | -12.18 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 12,969.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 13,049.75 | |
| Elder Ray (13): | -53.85 | |
| Super Trend (3,10): | 13,156.15 | |
| Zig ZAG (10): | 12,911.50 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 9.11 | |
| TEMA (21): | 12,923.75 | |
| Williams %R (14): | -93.39 | |
| Chande Momentum Oscillator (20): | -295.00 | |
| Repulse (5,40,3): | -0.4100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 3.72 |
| MA7: | 13,004.75 | |
| MA20: | 12,965.64 | |
| MA50: | 13,192.45 | |
| MA100: | 12,716.88 | |
| MAexp7: | 12,957.09 | |
| MAexp20: | 13,029.31 | |
| MAexp50: | 13,066.71 | |
| MAexp100: | 13,035.49 | |
| Price / MA7: | -0.82% | |
| Price / MA20: | -0.52% | |
| Price / MA50: | -2.23% | |
| Price / MA100: | +1.42% | |
| Price / MAexp7: | -0.46% | |
| Price / MAexp20: | -1.01% | |
| Price / MAexp50: | -1.29% | |
| Price / MAexp100: | -1.05% |
Quotes :
2021-03-18 18:28:39
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10 min delayed data
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CME E-mini Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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