NASDAQ100 - MINI NASDAQ100 FULL0624 - 15 min. - Technical analysis published on 05/07/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 18,126.83 USD
My targets
18,269.92 USD (+0.14%)
18,344.33 USD (+0.55%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NASDAQ100 - MINI NASDAQ100 FULL0624 as long as the price remains well above 18,126.83 USD. The buyers' bullish objective is set at 18,269.92 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 18,344.33 USD. If there is any crossing, the next objective would be the resistance located at 18,487.42 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.9
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Additional analysis
Quotes
The NASDAQ100 - MINI NASDAQ100 FULL0624 price is 18,244.25 USD. The price has increased by +0.27% since the last closing and was traded between 18,155.00 USD and 18,256.50 USD over the period. The price is currently at +0.49% from its lowest and -0.07% from its highest.18,155.00
18,256.50
18,244.25
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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 strongly bullish. 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.
In fact, 16 technical indicators on 18 studied are currently bullish. 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 over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 15 minutes
White morning star
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 17,527.12 | 17,767.10 | 18,063.75 | 18,244.25 | 18,585.75 |
| Change (%) | -3.93% | -2.62% | -0.99% | - | +1.87% |
| Change | -717.13 | -477.15 | -180.50 | - | +341.50 |
| Level | Minor | Major | Minor | - | 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 | 17,834.92 | 17,909.33 | 18,052.42 | 18,126.83 | 18,269.92 | 18,344.33 | 18,487.42 |
| Camarilla | 18,135.69 | 18,155.63 | 18,175.56 | 18,195.50 | 18,215.44 | 18,235.38 | 18,255.31 |
| Woodie | 17,869.25 | 17,926.50 | 18,086.75 | 18,144.00 | 18,304.25 | 18,361.50 | 18,521.75 |
| Fibonacci | 17,909.33 | 17,992.42 | 18,043.75 | 18,126.83 | 18,209.92 | 18,261.25 | 18,344.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16,910.58 | 17,148.42 | 17,574.58 | 17,812.42 | 18,238.58 | 18,476.42 | 18,902.58 |
| Camarilla | 17,818.15 | 17,879.02 | 17,939.88 | 18,000.75 | 18,061.62 | 18,122.48 | 18,183.35 |
| Woodie | 17,004.75 | 17,195.50 | 17,668.75 | 17,859.50 | 18,332.75 | 18,523.50 | 18,996.75 |
| Fibonacci | 17,148.42 | 17,402.07 | 17,558.77 | 17,812.42 | 18,066.07 | 18,222.77 | 18,476.42 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 61.29 | |
| MACD (12,26,9): | 9.7600 | |
| Directional Movement: | 14.41 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 18,205.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 18,184.32 | |
| Elder Ray (13): | 21.76 | |
| Super Trend (3,10): | 18,166.12 | |
| Zig ZAG (10): | 18,245.25 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 66.80 | |
| TEMA (21): | 18,216.09 | |
| Williams %R (14): | -5.45 | |
| Chande Momentum Oscillator (20): | 81.00 | |
| Repulse (5,40,3): | 0.2600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.59 |
| MA7: | 17,858.07 | |
| MA20: | 17,801.03 | |
| MA50: | 18,137.08 | |
| MA100: | 17,857.89 | |
| MAexp7: | 18,220.11 | |
| MAexp20: | 18,192.78 | |
| MAexp50: | 18,180.11 | |
| MAexp100: | 18,148.66 | |
| Price / MA7: | +2.16% | |
| Price / MA20: | +2.49% | |
| Price / MA50: | +0.59% | |
| Price / MA100: | +2.16% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.28% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | +0.53% |
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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