NASDAQ100 - MINI NASDAQ100 FULL0624 - 15 min. - Technical analysis published on 04/23/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 17,315.50 USD
My targets
17,615.00 USD (+0.79%)
17,782.00 USD (+1.75%)
My analysis
The bullish trend is currently very strong on NASDAQ100 - MINI NASDAQ100 FULL0624. As long as the price remains above the support at 17,315.50 USD, you could try to benefit from the boom. The first bullish objective is located at 17,615.00 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 17,782.00 USD as an objective. Crossing it would then enable buyers to target 18,070.75 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ100 - MINI NASDAQ100 FULL0624 rating is 17,476.50 USD. On the day, this instrument gained +0.73% with the lowest point at 17,286.25 USD and the highest point at 17,520.25 USD. The deviation from the price is +1.10% for the low point and -0.25% for the high point.17,286.25
17,520.25
17,476.50
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this NASDAQ100 - MINI NASDAQ100 FULL0624 chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
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
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
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16,650.37 | 17,113.25 | 17,360.75 | 17,476.50 | 17,553.11 | 17,767.10 | 18,070.75 |
| Change (%) | -4.73% | -2.08% | -0.66% | - | +0.44% | +1.66% | +3.40% |
| Change | -826.13 | -363.25 | -115.75 | - | +76.61 | +290.60 | +594.25 |
| Level | Intermediate | Major | Intermediate | - | Minor | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16,883.50 | 17,016.00 | 17,183.00 | 17,315.50 | 17,482.50 | 17,615.00 | 17,782.00 |
| Camarilla | 17,267.64 | 17,295.09 | 17,322.55 | 17,350.00 | 17,377.45 | 17,404.91 | 17,432.36 |
| Woodie | 16,900.75 | 17,024.63 | 17,200.25 | 17,324.13 | 17,499.75 | 17,623.63 | 17,799.25 |
| Fibonacci | 17,016.00 | 17,130.41 | 17,201.09 | 17,315.50 | 17,429.91 | 17,500.59 | 17,615.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,508.25 | 16,310.75 | 16,745.75 | 17,548.25 | 17,983.25 | 18,785.75 | 19,220.75 |
| Camarilla | 16,840.44 | 16,953.88 | 17,067.31 | 17,180.75 | 17,294.19 | 17,407.63 | 17,521.06 |
| Woodie | 15,324.50 | 16,218.88 | 16,562.00 | 17,456.38 | 17,799.50 | 18,693.88 | 19,037.00 |
| Fibonacci | 16,310.75 | 16,783.48 | 17,075.53 | 17,548.25 | 18,020.98 | 18,313.03 | 18,785.75 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.69 | |
| MACD (12,26,9): | 16.3800 | |
| Directional Movement: | 13.14 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 17,419.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 17,364.38 | |
| Elder Ray (13): | 22.07 | |
| Super Trend (3,10): | 17,363.43 | |
| Zig ZAG (10): | 17,433.00 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 94.67 | |
| TEMA (21): | 17,423.92 | |
| Williams %R (14): | -7.14 | |
| Chande Momentum Oscillator (20): | 28.50 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.29 |
| MA7: | 17,566.11 | |
| MA20: | 18,072.84 | |
| MA50: | 18,185.27 | |
| MA100: | 17,736.01 | |
| MAexp7: | 17,420.49 | |
| MAexp20: | 17,398.36 | |
| MAexp50: | 17,371.90 | |
| MAexp100: | 17,350.28 | |
| Price / MA7: | -0.51% | |
| Price / MA20: | -3.30% | |
| Price / MA50: | -3.90% | |
| Price / MA100: | -1.46% | |
| Price / MAexp7: | +0.32% | |
| Price / MAexp20: | +0.45% | |
| Price / MAexp50: | +0.60% | |
| Price / MAexp100: | +0.73% |
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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