NASDAQ100 - MINI NASDAQ100 FULL0624 - 15 min. - Technical analysis published on 04/11/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
56%
6%
39%
My opinion
Bullish above 18,005.75 USD
My targets
18,240.00 USD (+0.22%)
18,426.50 USD (+1.25%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for NASDAQ100 - MINI NASDAQ100 FULL0624 as long as the price remains well above 18,005.75 USD. The buyers' bullish objective is set at 18,240.00 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 18,426.50 USD. If there is any crossing, the next objective would be the resistance located at 18,660.75 USD.
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
3
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NASDAQ100 - MINI NASDAQ100 FULL0624 rating 18,199.25 USD. The price has increased by +0.01% since the last closing and was between 18,142.25 USD and 18,207.00 USD. This implies that the price is at +0.31% from its lowest and at -0.04% from its highest.18,142.25
18,207.00
18,199.25
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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
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
A technical analysis in 15 min. of this NASDAQ100 - MINI NASDAQ100 FULL0624 chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 15 minutes
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
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 bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18,062.35 | 18,114.00 | 18,160.75 | 18,199.25 | 18,235.00 | 18,410.11 | 18,474.25 |
| Change (%) | -0.75% | -0.47% | -0.21% | - | +0.20% | +1.16% | +1.51% |
| Change | -136.90 | -85.25 | -38.50 | - | +35.75 | +210.86 | +275.00 |
| Level | Major | Minor | Minor | - | 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 | 17,585.00 | 17,819.25 | 18,005.75 | 18,240.00 | 18,426.50 | 18,660.75 | 18,847.25 |
| Camarilla | 18,076.54 | 18,115.11 | 18,153.68 | 18,192.25 | 18,230.82 | 18,269.39 | 18,307.96 |
| Woodie | 17,561.13 | 17,807.31 | 17,981.88 | 18,228.06 | 18,402.63 | 18,648.81 | 18,823.38 |
| Fibonacci | 17,819.25 | 17,979.98 | 18,079.27 | 18,240.00 | 18,400.73 | 18,500.02 | 18,660.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17,470.33 | 17,760.92 | 18,030.83 | 18,321.42 | 18,591.33 | 18,881.92 | 19,151.83 |
| Camarilla | 18,146.61 | 18,197.99 | 18,249.37 | 18,300.75 | 18,352.13 | 18,403.51 | 18,454.89 |
| Woodie | 17,460.00 | 17,755.75 | 18,020.50 | 18,316.25 | 18,581.00 | 18,876.75 | 19,141.50 |
| Fibonacci | 17,760.92 | 17,975.03 | 18,107.31 | 18,321.42 | 18,535.53 | 18,667.81 | 18,881.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17,396.58 | 17,701.42 | 18,099.33 | 18,404.17 | 18,802.08 | 19,106.92 | 19,504.83 |
| Camarilla | 18,303.99 | 18,368.41 | 18,432.83 | 18,497.25 | 18,561.67 | 18,626.09 | 18,690.51 |
| Woodie | 17,443.13 | 17,724.69 | 18,145.88 | 18,427.44 | 18,848.63 | 19,130.19 | 19,551.38 |
| Fibonacci | 17,701.42 | 17,969.87 | 18,135.72 | 18,404.17 | 18,672.62 | 18,838.47 | 19,106.92 |
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): | 57.32 | |
| MACD (12,26,9): | 6.5300 | |
| Directional Movement: | 6.96 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 18,192.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 18,073.61 | |
| Elder Ray (13): | 9.46 | |
| Super Trend (3,10): | 18,232.76 | |
| Zig ZAG (10): | 18,199.50 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 85.48 | |
| TEMA (21): | 18,204.12 | |
| Williams %R (14): | -12.87 | |
| Chande Momentum Oscillator (20): | 38.25 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.35 |
| MA7: | 18,257.57 | |
| MA20: | 18,350.70 | |
| MA50: | 18,241.65 | |
| MA100: | 17,640.42 | |
| MAexp7: | 18,197.85 | |
| MAexp20: | 18,185.79 | |
| MAexp50: | 18,193.99 | |
| MAexp100: | 18,227.76 | |
| Price / MA7: | -0.32% | |
| Price / MA20: | -0.83% | |
| Price / MA50: | -0.23% | |
| Price / MA100: | +3.17% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | -0.16% |
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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