NASDAQ100 INDEX - 15 min. - Technical analysis published on 02/28/2020 (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 bearish
De fond:
Strongly bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 8,561.88 USD
My targets
8,256.92 USD (-2.13%)
8,016.95 USD (-4.97%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NASDAQ100 INDEX as long as the price remains well below 8,561.88 USD. The sellers” bearish objective is set at 8,256.92 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8,016.95 USD. In case of crossing, the next objective would be the support located at 7,660.18 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
8
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This analysis was given by Edd8011. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NASDAQ100 INDEX rating 8,436.67 USD. The price registered a decrease of -4.93% on the session and was between 8,432.99 USD and 8,786.68 USD. This implies that the price is at +0.04% from its lowest and at -3.98% from its highest.8,432.99
8,786.68
8,436.67
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
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:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 15 min. chart of NASDAQ100 INDEX indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong 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.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 15 minutes
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 7,660.18 | 8,016.95 | 8,256.92 | 8,436.67 | 8,516.08 | 8,952.18 | 9,216.98 |
| Change (%) | -9.20% | -4.97% | -2.13% | - | +0.94% | +6.11% | +9.25% |
| Change | -776.49 | -419.72 | -179.75 | - | +79.41 | +515.51 | +780.31 |
| Level | Major | Intermediate | Minor | - | Minor | 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 | 8,561.88 | 8,687.90 | 8,780.83 | 8,906.85 | 8,999.78 | 9,125.80 | 9,218.73 |
| Camarilla | 8,813.55 | 8,833.62 | 8,853.69 | 8,873.76 | 8,893.83 | 8,913.90 | 8,933.97 |
| Woodie | 8,545.33 | 8,679.63 | 8,764.28 | 8,898.58 | 8,983.23 | 9,117.53 | 9,202.18 |
| Fibonacci | 8,687.90 | 8,771.54 | 8,823.21 | 8,906.85 | 8,990.49 | 9,042.16 | 9,125.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,993.00 | 9,199.69 | 9,323.19 | 9,529.88 | 9,653.38 | 9,860.07 | 9,983.57 |
| Camarilla | 9,355.88 | 9,386.15 | 9,416.42 | 9,446.69 | 9,476.96 | 9,507.22 | 9,537.49 |
| Woodie | 8,951.40 | 9,178.89 | 9,281.59 | 9,509.08 | 9,611.78 | 9,839.27 | 9,941.98 |
| Fibonacci | 9,199.69 | 9,325.82 | 9,403.75 | 9,529.88 | 9,656.01 | 9,733.94 | 9,860.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,154.33 | 8,434.11 | 8,712.81 | 8,992.59 | 9,271.29 | 9,551.08 | 9,829.78 |
| Camarilla | 8,837.93 | 8,889.12 | 8,940.32 | 8,991.51 | 9,042.71 | 9,093.90 | 9,145.10 |
| Woodie | 8,153.79 | 8,433.84 | 8,712.27 | 8,992.32 | 9,270.75 | 9,550.81 | 9,829.24 |
| Fibonacci | 8,434.11 | 8,647.45 | 8,779.25 | 8,992.59 | 9,205.93 | 9,337.73 | 9,551.08 |
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): | 27.82 | |
| MACD (12,26,9): | -68.2600 | |
| Directional Movement: | -27.61 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 8,548.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,725.90 | |
| Elder Ray (13): | -106.52 | |
| Super Trend (3,10): | 8,689.84 | |
| Zig ZAG (10): | 8,436.67 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 0.68 | |
| TEMA (21): | 8,530.19 | |
| Williams %R (14): | -98.96 | |
| Chande Momentum Oscillator (20): | -298.52 | |
| Repulse (5,40,3): | -2.3500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 3.23 |
| MA7: | 9,145.45 | |
| MA20: | 9,315.88 | |
| MA50: | 9,065.56 | |
| MA100: | 8,605.06 | |
| MAexp7: | 8,553.31 | |
| MAexp20: | 8,634.55 | |
| MAexp50: | 8,750.23 | |
| MAexp100: | 8,908.53 | |
| Price / MA7: | -7.75% | |
| Price / MA20: | -9.44% | |
| Price / MA50: | -6.94% | |
| Price / MA100: | -1.96% | |
| Price / MAexp7: | -1.36% | |
| Price / MAexp20: | -2.29% | |
| Price / MAexp50: | -3.58% | |
| Price / MAexp100: | -5.30% |
News
The latest news and videos published on NASDAQ100 INDEX at the time of the analysis were as follows:
-
S&P 500 and NASDAQ 100 Forecast February 28, 2020
-
“Buzz on the Street” Show: Stock Market Earnings Report (NYSE: M LOW) (NASDAQ: NTNX BKNG)
-
“Buzz on the Street” Show: China Xiangtai Food (NASDAQ: PLIN) Launches Online Order Service
-
Will the NASDAQ 100 target the 8660 area? – 27th February 2020
-
S&P 500 and NASDAQ 100 Forecast February 27, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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