NASDAQ100 - MINI NASDAQ100 FULL0624 - 15 min. - Technical analysis published on 05/10/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
39%
39%
My opinion
Bearish under 18,268.58 USD
My targets
18,186.17 USD (-0.29%)
18,132.08 USD (-0.59%)
My analysis
The strong short-term decline in NASDAQ100 - MINI NASDAQ100 FULL0624 calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 18,268.58 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 18,186.17 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 18,132.08 USD as an objective. Crossing it would then enable sellers to target 18,049.67 USD. Be careful, a return to above 18,268.58 USD could jeopardize the reversal.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
1.3
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NASDAQ100 - MINI NASDAQ100 FULL0624 price is 18,239.50 USD. The price registered an increase of +0.14% on the session and was between 18,213.50 USD and 18,348.00 USD. This implies that the price is at +0.14% from its lowest and at -0.59% from its highest.18,213.50
18,348.00
18,239.50
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
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 (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 slightly bullish. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. 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 : adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 15 minutes
On the 18 technical indicators analysed, 4 are bullish, 7 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
MACD indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 17,524.12 | 17,767.10 | 18,069.58 | 18,239.50 | 18,266.25 | 18,585.75 |
| Change (%) | -3.92% | -2.59% | -0.93% | - | +0.15% | +1.90% |
| Change | -715.38 | -472.40 | -169.92 | - | +26.75 | +346.25 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17,995.58 | 18,049.67 | 18,132.08 | 18,186.17 | 18,268.58 | 18,322.67 | 18,405.08 |
| Camarilla | 18,176.96 | 18,189.48 | 18,201.99 | 18,214.50 | 18,227.01 | 18,239.53 | 18,252.04 |
| Woodie | 18,009.75 | 18,056.75 | 18,146.25 | 18,193.25 | 18,282.75 | 18,329.75 | 18,419.25 |
| Fibonacci | 18,049.67 | 18,101.81 | 18,134.02 | 18,186.17 | 18,238.31 | 18,270.52 | 18,322.67 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.53 | |
| MACD (12,26,9): | 4.8300 | |
| Directional Movement: | -5.05 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 18,288.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 18,348.00 | |
| Elder Ray (13): | -22.59 | |
| Super Trend (3,10): | 18,346.50 | |
| Zig ZAG (10): | 18,243.00 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 11.28 | |
| TEMA (21): | 18,264.04 | |
| Williams %R (14): | -99.04 | |
| Chande Momentum Oscillator (20): | -61.75 | |
| Repulse (5,40,3): | -0.3900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.24 |
| MA7: | 18,096.75 | |
| MA20: | 17,789.62 | |
| MA50: | 18,134.26 | |
| MA100: | 17,888.81 | |
| MAexp7: | 18,263.25 | |
| MAexp20: | 18,279.69 | |
| MAexp50: | 18,263.49 | |
| MAexp100: | 18,240.47 | |
| Price / MA7: | +0.79% | |
| Price / MA20: | +2.53% | |
| Price / MA50: | +0.58% | |
| Price / MA100: | +1.96% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.01% |
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.
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