NASDAQ100 - MINI NASDAQ100 FULL0624 - 15 min. - Technical analysis published on 04/25/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
78%
0%
22%
My opinion
Bullish above 17,333.50 USD
My targets
17,647.25 USD (+0.76%)
17,812.75 USD (+1.71%)
My analysis
The current short-term bullish acceleration on NASDAQ100 - MINI NASDAQ100 FULL0624 should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 17,333.50 USD. Short-term buyers will use the resistance located at 17,647.25 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 17,812.75 USD. Crossing this resistance would then open the door for buyers to target 17,961.00 USD. Caution, if there is a return to under 17,333.50 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.3
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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 17,514.00 USD. The price is lower by -0.85% since the last closing and was between 17,308.25 USD and 17,525.00 USD. This implies that the price is at +1.19% from its lowest and at -0.06% from its highest.17,308.25
17,525.00
17,514.00
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NASDAQ100 - MINI NASDAQ100 FULL0624 in 15 min. shows a neutral overall trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Technical indicators are strongly bullish, suggesting that the price increase should continue.
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
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16,650.37 | 17,148.50 | 17,360.75 | 17,514.00 | 17,553.00 | 17,767.10 | 18,070.75 |
| Change (%) | -4.93% | -2.09% | -0.88% | - | +0.22% | +1.45% | +3.18% |
| Change | -863.63 | -365.50 | -153.25 | - | +39.00 | +253.10 | +556.75 |
| Level | Intermediate | Major | Major | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17,185.25 | 17,333.50 | 17,499.00 | 17,647.25 | 17,812.75 | 17,961.00 | 18,126.50 |
| Camarilla | 17,578.22 | 17,606.98 | 17,635.74 | 17,664.50 | 17,693.26 | 17,722.02 | 17,750.78 |
| Woodie | 17,193.88 | 17,337.81 | 17,507.63 | 17,651.56 | 17,821.38 | 17,965.31 | 18,135.13 |
| Fibonacci | 17,333.50 | 17,453.35 | 17,527.40 | 17,647.25 | 17,767.10 | 17,841.15 | 17,961.00 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.60 | |
| MACD (12,26,9): | 7.2400 | |
| Directional Movement: | 5.36 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 17,439.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 17,373.04 | |
| Elder Ray (13): | 36.38 | |
| Super Trend (3,10): | 17,363.12 | |
| Zig ZAG (10): | 17,475.75 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 86.48 | |
| TEMA (21): | 17,461.75 | |
| Williams %R (14): | -12.16 | |
| Chande Momentum Oscillator (20): | 60.25 | |
| Repulse (5,40,3): | 0.2700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.03 |
| MA7: | 17,501.64 | |
| MA20: | 17,991.00 | |
| MA50: | 18,170.54 | |
| MA100: | 17,761.06 | |
| MAexp7: | 17,474.55 | |
| MAexp20: | 17,439.28 | |
| MAexp50: | 17,451.10 | |
| MAexp100: | 17,484.38 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | -2.65% | |
| Price / MA50: | -3.61% | |
| Price / MA100: | -1.39% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +0.43% | |
| Price / MAexp50: | +0.36% | |
| Price / MAexp100: | +0.17% |
Quotes :
-
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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