NASDAQ100 INDEX - 15 min. - Technical analysis published on 10/16/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 11,864.23 USD
My targets
12,027.38 USD (+0.21%)
12,126.12 USD (+1.03%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on NASDAQ100 INDEX as long as the price remains well above 11,864.23 USD. The buyers” bullish objective is set at 12,027.38 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12,126.12 USD. If there is any crossing, the next objective would be the resistance located at 12,202.90 USD.
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
4.6
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Additional analysis
Quotes
The NASDAQ100 INDEX rating is 12,002.58 USD. On the day, this instrument gained +0.87% and was traded between 11,945.04 USD and 12,005.90 USD over the period. The price is currently at +0.48% from its lowest and -0.03% from its highest.11,945.04
12,005.90
12,002.58
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
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 (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of NASDAQ100 INDEX indicates that the overall trend is slightly bullish. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11,254.80 | 11,601.90 | 11,913.60 | 12,002.58 | 12,039.40 | 12,202.90 | 12,420.50 |
| Change (%) | -6.23% | -3.34% | -0.74% | - | +0.31% | +1.67% | +3.48% |
| Change | -747.78 | -400.68 | -88.98 | - | +36.82 | +200.32 | +417.92 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major | Major |
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 | 11,636.68 | 11,701.08 | 11,799.83 | 11,864.23 | 11,962.98 | 12,027.38 | 12,126.12 |
| Camarilla | 11,853.71 | 11,868.66 | 11,883.62 | 11,898.57 | 11,913.53 | 11,928.48 | 11,943.44 |
| Woodie | 11,653.85 | 11,709.67 | 11,817.00 | 11,872.82 | 11,980.15 | 12,035.96 | 12,143.30 |
| Fibonacci | 11,701.08 | 11,763.41 | 11,801.91 | 11,864.23 | 11,926.55 | 11,965.06 | 12,027.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,460.27 | 4,507.58 | 4,596.97 | 4,644.28 | 4,733.67 | 4,780.98 | 4,870.37 |
| Camarilla | 4,648.77 | 4,661.30 | 4,673.83 | 4,686.36 | 4,698.89 | 4,711.42 | 4,723.95 |
| Woodie | 4,481.31 | 4,518.10 | 4,618.01 | 4,654.80 | 4,754.71 | 4,791.50 | 4,891.41 |
| Fibonacci | 4,507.58 | 4,559.80 | 4,592.06 | 4,644.28 | 4,696.50 | 4,728.76 | 4,780.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,822.40 | 9,750.10 | 10,584.10 | 11,511.80 | 12,345.80 | 13,273.50 | 14,107.50 |
| Camarilla | 10,933.63 | 11,095.12 | 11,256.61 | 11,418.10 | 11,579.59 | 11,741.08 | 11,902.57 |
| Woodie | 8,775.55 | 9,726.67 | 10,537.25 | 11,488.38 | 12,298.95 | 13,250.08 | 14,060.65 |
| Fibonacci | 9,750.10 | 10,423.07 | 10,838.83 | 11,511.80 | 12,184.77 | 12,600.53 | 13,273.50 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 66.46 | |
| MACD (12,26,9): | 17.7600 | |
| Directional Movement: | 13.92 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 11,911.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,804.37 | |
| Elder Ray (13): | 75.74 | |
| Super Trend (3,10): | 11,881.82 | |
| Zig ZAG (10): | 11,997.14 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 95.51 | |
| TEMA (21): | 11,973.21 | |
| Williams %R (14): | -1.82 | |
| Chande Momentum Oscillator (20): | 149.15 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.59 |
| MA7: | 11,354.03 | |
| MA20: | 11,318.70 | |
| MA50: | 11,400.05 | |
| MA100: | 10,874.96 | |
| MAexp7: | 11,924.11 | |
| MAexp20: | 11,900.91 | |
| MAexp50: | 11,918.29 | |
| MAexp100: | 11,913.03 | |
| Price / MA7: | +5.71% | |
| Price / MA20: | +6.04% | |
| Price / MA50: | +5.29% | |
| Price / MA100: | +10.37% | |
| Price / MAexp7: | +0.66% | |
| Price / MAexp20: | +0.85% | |
| Price / MAexp50: | +0.71% | |
| Price / MAexp100: | +0.75% |
Quotes :
2020-10-16 14:16:46
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15 min delayed data
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NASDAQ US Indices
News
The last news published on NASDAQ100 INDEX at the time of the generation of this analysis was as follows:
-
S&P 500 and NASDAQ 100 Forecast October 16, 2020
-
S&P 500 and NASDAQ 100 Forecast October 15, 2020
-
Nasdaq Holds, S&P 500 Drops and Dollar Rallies: Stimulus, GDP and Trade Wars
-
S&P 500 and NASDAQ 100 Forecast October 14, 2020
-
“Buzz on the Street” Show: Urban Tea (NASDAQ: MYT) CROP CIRCLE Restaurant Reports 25% Sales Growth
This member declared not having a position on this financial instrument or a related financial instrument.
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