NASDAQ100 - MINI NASDAQ100 FULL0624 - Daily - Technical analysis published on 05/09/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 13,044.00 USD
My targets
11,220.67 USD (-9.06%)
10,808.50 USD (-12.40%)
My analysis
The bearish trend is currently very strong for NASDAQ100 - MINI NASDAQ100 FULL0622. As long as the price remains below the resistance at 13,044.00 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 11,220.67 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 10,808.50 USD as an objective. Crossing it would then enable sellers to target 9,675.75 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8
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This analysis was given by Clay707. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ100 - MINI NASDAQ100 FULL0622 price is 12,338.25 USD. The price registered a decrease of -2.82% on the session and was between 12,292.25 USD and 12,637.25 USD. This implies that the price is at +0.37% from its lowest and at -2.37% from its highest.12,292.25
12,637.25
12,338.25
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NASDAQ100 - MINI NASDAQ100 FULL0622 indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9,675.75 | 10,808.50 | 12,275.70 | 12,338.25 | 13,044.00 | 14,465.20 | 15,695.70 |
| Change (%) | -21.58% | -12.40% | -0.51% | - | +5.72% | +17.24% | +27.21% |
| Change | -2,662.50 | -1,529.75 | -62.55 | - | +705.75 | +2,126.95 | +3,357.45 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | 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 | 12,090.50 | 12,304.75 | 12,500.25 | 12,714.50 | 12,910.00 | 13,124.25 | 13,319.75 |
| Camarilla | 12,583.07 | 12,620.63 | 12,658.19 | 12,695.75 | 12,733.31 | 12,770.87 | 12,808.43 |
| Woodie | 12,081.13 | 12,300.06 | 12,490.88 | 12,709.81 | 12,900.63 | 13,119.56 | 13,310.38 |
| Fibonacci | 12,304.75 | 12,461.28 | 12,557.98 | 12,714.50 | 12,871.03 | 12,967.73 | 13,124.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,255.23 | 11,887.12 | 12,291.43 | 12,923.32 | 13,327.63 | 13,959.52 | 14,363.83 |
| Camarilla | 12,410.80 | 12,505.78 | 12,600.77 | 12,695.75 | 12,790.74 | 12,885.72 | 12,980.71 |
| Woodie | 11,141.45 | 11,830.23 | 12,177.65 | 12,866.43 | 13,213.85 | 13,902.63 | 14,250.05 |
| Fibonacci | 11,887.12 | 12,282.95 | 12,527.49 | 12,923.32 | 13,319.15 | 13,563.69 | 13,959.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,639.83 | 11,220.67 | 12,036.33 | 13,617.17 | 14,432.83 | 16,013.67 | 16,829.33 |
| Camarilla | 12,192.96 | 12,412.64 | 12,632.32 | 12,852.00 | 13,071.68 | 13,291.36 | 13,511.04 |
| Woodie | 9,257.25 | 11,029.38 | 11,653.75 | 13,425.88 | 14,050.25 | 15,822.38 | 16,446.75 |
| Fibonacci | 11,220.67 | 12,136.13 | 12,701.70 | 13,617.17 | 14,532.63 | 15,098.20 | 16,013.67 |
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): | 33.93 | |
| MACD (12,26,9): | -403.0600 | |
| Directional Movement: | -12.28 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 12,878.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 13,548.00 | |
| Elder Ray (13): | -672.49 | |
| Super Trend (3,10): | 13,899.20 | |
| Zig ZAG (10): | 12,313.75 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 7.04 | |
| TEMA (21): | 12,630.00 | |
| Williams %R (14): | -97.84 | |
| Chande Momentum Oscillator (20): | -1,395.95 | |
| Repulse (5,40,3): | -4.5600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3300 | |
| Courbe Coppock: | 15.50 |
| MA7: | 12,918.67 | |
| MA20: | 13,439.27 | |
| MA50: | 13,931.17 | |
| MA100: | 14,516.93 | |
| MAexp7: | 12,876.26 | |
| MAexp20: | 13,368.95 | |
| MAexp50: | 13,870.66 | |
| MAexp100: | 14,307.73 | |
| Price / MA7: | -4.49% | |
| Price / MA20: | -8.19% | |
| Price / MA50: | -11.43% | |
| Price / MA100: | -15.01% | |
| Price / MAexp7: | -4.18% | |
| Price / MAexp20: | -7.71% | |
| Price / MAexp50: | -11.05% | |
| Price / MAexp100: | -13.77% |
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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