MICRO E-MINI NASDAQ100 FULL1224 - 15 min. - Technical analysis published on 08/15/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 19,081.42 USD
My targets
19,515.58 USD (+0.88%)
20,230.75 USD (+4.57%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MICRO E-MINI NASDAQ100 FULL0924 as long as the price remains well above 19,081.42 USD. The buyers' bullish objective is set at 19,515.58 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 20,230.75 USD. If there is any crossing, the next objective would be the resistance located at 20,899.75 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
7.3
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This analysis was given by rbrittonbrownjr. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MICRO E-MINI NASDAQ100 FULL0924 price is 19,346.00 USD. The price registered an increase of +1.21% on the session and was between 19,100.25 USD and 19,351.50 USD. This implies that the price is at +1.29% from its lowest and at -0.03% from its highest.19,100.25
19,351.50
19,346.00
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of MICRO E-MINI NASDAQ100 FULL0924 in 15 min. shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed 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
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 15 minutes
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 15 minutes
MACD indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18,561.06 | 18,846.50 | 19,203.75 | 19,346.00 | 19,505.25 | 20,230.75 | 20,899.75 |
| Change (%) | -4.06% | -2.58% | -0.74% | - | +0.82% | +4.57% | +8.03% |
| Change | -784.94 | -499.50 | -142.25 | - | +159.25 | +884.75 | +1,553.75 |
| Level | Intermediate | Major | Intermediate | - | Minor | Minor | 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 | 18,680.83 | 18,803.17 | 18,959.08 | 19,081.42 | 19,237.33 | 19,359.67 | 19,515.58 |
| Camarilla | 19,038.48 | 19,063.99 | 19,089.49 | 19,115.00 | 19,140.51 | 19,166.01 | 19,191.52 |
| Woodie | 18,697.63 | 18,811.56 | 18,975.88 | 19,089.81 | 19,254.13 | 19,368.06 | 19,532.38 |
| Fibonacci | 18,803.17 | 18,909.46 | 18,975.13 | 19,081.42 | 19,187.71 | 19,253.38 | 19,359.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16,421.00 | 16,883.50 | 17,749.75 | 18,212.25 | 19,078.50 | 19,541.00 | 20,407.25 |
| Camarilla | 18,250.59 | 18,372.40 | 18,494.20 | 18,616.00 | 18,737.80 | 18,859.60 | 18,981.41 |
| Woodie | 16,622.88 | 16,984.44 | 17,951.63 | 18,313.19 | 19,280.38 | 19,641.94 | 20,609.13 |
| Fibonacci | 16,883.50 | 17,391.08 | 17,704.67 | 18,212.25 | 18,719.83 | 19,033.42 | 19,541.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,915.42 | 17,321.08 | 18,172.17 | 19,577.83 | 20,428.92 | 21,834.58 | 22,685.67 |
| Camarilla | 18,402.64 | 18,609.51 | 18,816.38 | 19,023.25 | 19,230.12 | 19,436.99 | 19,643.86 |
| Woodie | 15,638.13 | 17,182.44 | 17,894.88 | 19,439.19 | 20,151.63 | 21,695.94 | 22,408.38 |
| Fibonacci | 17,321.08 | 18,183.16 | 18,715.76 | 19,577.83 | 20,439.91 | 20,972.51 | 21,834.58 |
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): | 52.69 | |
| MACD (12,26,9): | -2.6800 | |
| Directional Movement: | -2.46 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 19,155.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 19,113.55 | |
| Elder Ray (13): | 11.35 | |
| Super Trend (3,10): | 19,188.41 | |
| Zig ZAG (10): | 19,164.00 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 75.48 | |
| TEMA (21): | 19,168.33 | |
| Williams %R (14): | -5.75 | |
| Chande Momentum Oscillator (20): | 91.00 | |
| Repulse (5,40,3): | 0.6000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.13 |
| MA7: | 18,747.25 | |
| MA20: | 18,978.34 | |
| MA50: | 19,672.87 | |
| MA100: | 19,100.14 | |
| MAexp7: | 19,186.96 | |
| MAexp20: | 19,160.35 | |
| MAexp50: | 19,159.93 | |
| MAexp100: | 19,132.63 | |
| Price / MA7: | +3.19% | |
| Price / MA20: | +1.94% | |
| Price / MA50: | -1.66% | |
| Price / MA100: | +1.29% | |
| Price / MAexp7: | +0.83% | |
| Price / MAexp20: | +0.97% | |
| Price / MAexp50: | +0.97% | |
| Price / MAexp100: | +1.12% |
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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