NASDAQ100 - MINI NASDAQ100 FULL0624 - 15 min. - Technical analysis published on 05/13/2022 (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:
Neutral
Underlying:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 11,923.00 USD
My targets
12,366.75 USD (+1.81%)
12,600.75 USD (+3.74%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NASDAQ100 - MINI NASDAQ100 FULL0622. As long as you are above the support located at 11,923.00 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 12,366.75 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 12,600.75 USD as an objective. Crossing it would then enable buyers to target 13,044.00 USD. If the support 11,923.00 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more 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
0
10
5.9
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This analysis was given by sammieolaolu. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NASDAQ100 - MINI NASDAQ100 FULL0622 rating 12,146.50 USD. On the day, this instrument gained +1.67% with the lowest point at 11,891.50 USD and the highest point at 12,207.50 USD. The deviation from the price is +2.14% for the low point and -0.50% for the high point.11,891.50
12,207.50
12,146.50
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of NASDAQ100 - MINI NASDAQ100 FULL0622 indicates that the overall trend is bullish. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11,690.40 | 11,938.50 | 12,102.10 | 12,146.50 | 12,275.70 | 12,551.50 | 13,044.00 |
| Change (%) | -3.75% | -1.71% | -0.37% | - | +1.06% | +3.33% | +7.39% |
| Change | -456.10 | -208.00 | -44.40 | - | +129.20 | +405.00 | +897.50 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Intermediate | 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 | 11,269.50 | 11,479.25 | 11,713.25 | 11,923.00 | 12,157.00 | 12,366.75 | 12,600.75 |
| Camarilla | 11,825.22 | 11,865.90 | 11,906.57 | 11,947.25 | 11,987.93 | 12,028.60 | 12,069.28 |
| Woodie | 11,281.63 | 11,485.31 | 11,725.38 | 11,929.06 | 12,169.13 | 12,372.81 | 12,612.88 |
| Fibonacci | 11,479.25 | 11,648.76 | 11,753.49 | 11,923.00 | 12,092.51 | 12,197.24 | 12,366.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,255.27 | 11,887.13 | 12,291.47 | 12,923.33 | 13,327.67 | 13,959.53 | 14,363.87 |
| Camarilla | 12,410.85 | 12,505.83 | 12,600.82 | 12,695.80 | 12,790.79 | 12,885.77 | 12,980.76 |
| Woodie | 11,141.50 | 11,830.25 | 12,177.70 | 12,866.45 | 13,213.90 | 13,902.65 | 14,250.10 |
| Fibonacci | 11,887.13 | 12,282.96 | 12,527.51 | 12,923.33 | 13,319.16 | 13,563.71 | 13,959.53 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 64.74 | |
| MACD (12,26,9): | 19.9500 | |
| Directional Movement: | 13.51 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 12,185.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,142.73 | |
| Elder Ray (13): | 19.58 | |
| Super Trend (3,10): | 12,105.68 | |
| Zig ZAG (10): | 12,192.25 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 73.94 | |
| TEMA (21): | 12,179.62 | |
| Williams %R (14): | -28.72 | |
| Chande Momentum Oscillator (20): | 42.25 | |
| Repulse (5,40,3): | -0.1100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.48 |
| MA7: | 12,310.06 | |
| MA20: | 13,047.57 | |
| MA50: | 13,767.84 | |
| MA100: | 14,363.67 | |
| MAexp7: | 12,172.43 | |
| MAexp20: | 12,159.14 | |
| MAexp50: | 12,113.07 | |
| MAexp100: | 12,072.40 | |
| Price / MA7: | -1.33% | |
| Price / MA20: | -6.91% | |
| Price / MA50: | -11.78% | |
| Price / MA100: | -15.44% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.61% |
Quotes :
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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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