NASDAQ100 - MINI NASDAQ100 FULL0624 - 15 min. - Technical analysis published on 05/20/2024 (GMT)
- 78
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 18,699.67 USD
My targets
18,622.33 USD (-0.16%)
18,557.92 USD (-0.51%)
My analysis
In the short term, we can see an acceleration in the bearish trend on NASDAQ100 - MINI NASDAQ100 FULL0624, which is a positive signal for sellers. As long as the price remains above 18,699.67 USD, a sale could be considered. The first bearish objective is located at 18,622.33 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 18,557.92 USD as an objective. Crossing it would then enable sellers to target 18,480.58 USD. If the price were to return above 18,699.67 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.1
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 18,652.75 USD. The price registered an increase of +0.09% on the session and was between 18,633.00 USD and 18,689.50 USD. This implies that the price is at +0.11% from its lowest and at -0.20% from its highest.18,633.00
18,689.50
18,652.75
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 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
Technical analysis of this 15 min. chart of NASDAQ100 - MINI NASDAQ100 FULL0624 indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 15 minutes
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 15 minutes
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
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 is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 18,165.25 | 18,348.00 | 18,585.75 | 18,652.75 | 18,686.75 | 18,760.75 |
| Change (%) | -2.61% | -1.63% | -0.36% | - | +0.18% | +0.58% |
| Change | -487.50 | -304.75 | -67.00 | - | +34.00 | +108.00 |
| Level | Intermediate | Minor | Major | - | Minor | 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 | 18,416.17 | 18,480.58 | 18,557.92 | 18,622.33 | 18,699.67 | 18,764.08 | 18,841.42 |
| Camarilla | 18,596.27 | 18,609.26 | 18,622.26 | 18,635.25 | 18,648.24 | 18,661.24 | 18,674.23 |
| Woodie | 18,422.63 | 18,483.81 | 18,564.38 | 18,625.56 | 18,706.13 | 18,767.31 | 18,847.88 |
| Fibonacci | 18,480.58 | 18,534.73 | 18,568.19 | 18,622.33 | 18,676.48 | 18,709.94 | 18,764.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17,685.00 | 17,925.25 | 18,280.25 | 18,520.50 | 18,875.50 | 19,115.75 | 19,470.75 |
| Camarilla | 18,471.56 | 18,526.12 | 18,580.69 | 18,635.25 | 18,689.82 | 18,744.38 | 18,798.94 |
| Woodie | 17,742.38 | 17,953.94 | 18,337.63 | 18,549.19 | 18,932.88 | 19,144.44 | 19,528.13 |
| Fibonacci | 17,925.25 | 18,152.64 | 18,293.12 | 18,520.50 | 18,747.89 | 18,888.37 | 19,115.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,390.25 | 16,251.75 | 16,845.00 | 17,706.50 | 18,299.75 | 19,161.25 | 19,754.50 |
| Camarilla | 17,038.19 | 17,171.55 | 17,304.90 | 17,438.25 | 17,571.60 | 17,704.95 | 17,838.31 |
| Woodie | 15,256.13 | 16,184.69 | 16,710.88 | 17,639.44 | 18,165.63 | 19,094.19 | 19,620.38 |
| Fibonacci | 16,251.75 | 16,807.47 | 17,150.79 | 17,706.50 | 18,262.22 | 18,605.54 | 19,161.25 |
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): | 41.52 | |
| MACD (12,26,9): | -0.2500 | |
| Directional Movement: | -17.88 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 18,667.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 18,687.50 | |
| Elder Ray (13): | -15.73 | |
| Super Trend (3,10): | 18,683.76 | |
| Zig ZAG (10): | 18,649.75 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 24.99 | |
| TEMA (21): | 18,665.01 | |
| Williams %R (14): | -89.73 | |
| Chande Momentum Oscillator (20): | -22.00 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.01 |
| MA7: | 18,513.11 | |
| MA20: | 18,082.26 | |
| MA50: | 18,152.88 | |
| MA100: | 17,967.60 | |
| MAexp7: | 18,660.57 | |
| MAexp20: | 18,669.23 | |
| MAexp50: | 18,666.02 | |
| MAexp100: | 18,663.69 | |
| Price / MA7: | +0.75% | |
| Price / MA20: | +3.15% | |
| Price / MA50: | +2.75% | |
| Price / MA100: | +3.81% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.06% |
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis NASDAQ100 - MINI NASDAQ100 FULL0624 - 15 min.