MICRO E-MINI NASDAQ100 FULL1224 - 15 min. - Technical analysis published on 10/01/2024 (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
72%
6%
22%
My opinion
Bullish above 20,192.58 USD
My targets
20,421.83 USD (+0.58%)
20,556.92 USD (+1.24%)
My analysis
MICRO E-MINI NASDAQ100 FULL1224 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 20,192.58 USD. The next resistance located at 20,421.83 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 20,556.92 USD. After this resistance, buyers could then target 20,833.25 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2
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This analysis was given by euletthomas. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MICRO E-MINI NASDAQ100 FULL1224 rating is 20,304.50 USD. On the day, this instrument gained +0.21% and was between 20,213.25 USD and 20,331.50 USD. This implies that the price is at +0.45% from its lowest and at -0.13% from its highest.20,213.25
20,331.50
20,304.50
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
A technical analysis in 15 min. of this MICRO E-MINI NASDAQ100 FULL1224 chart shows a strongly bullish trend. 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 scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 | 20,061.14 | 20,144.75 | 20,286.67 | 20,304.50 | 20,466.00 | 20,833.25 | 21,135.00 |
| Change (%) | -1.20% | -0.79% | -0.09% | - | +0.80% | +2.60% | +4.09% |
| Change | -243.36 | -159.75 | -17.83 | - | +161.50 | +528.75 | +830.50 |
| Level | Intermediate | Major | 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 | 19,869.17 | 19,963.33 | 20,098.42 | 20,192.58 | 20,327.67 | 20,421.83 | 20,556.92 |
| Camarilla | 20,170.46 | 20,191.47 | 20,212.49 | 20,233.50 | 20,254.52 | 20,275.53 | 20,296.54 |
| Woodie | 19,889.63 | 19,973.56 | 20,118.88 | 20,202.81 | 20,348.13 | 20,432.06 | 20,577.38 |
| Fibonacci | 19,963.33 | 20,050.91 | 20,105.01 | 20,192.58 | 20,280.16 | 20,334.26 | 20,421.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19,350.67 | 19,651.33 | 19,936.42 | 20,237.08 | 20,522.17 | 20,822.83 | 21,107.92 |
| Camarilla | 20,060.42 | 20,114.11 | 20,167.81 | 20,221.50 | 20,275.19 | 20,328.89 | 20,382.58 |
| Woodie | 19,342.88 | 19,647.44 | 19,928.63 | 20,233.19 | 20,514.38 | 20,818.94 | 21,100.13 |
| Fibonacci | 19,651.33 | 19,875.09 | 20,013.33 | 20,237.08 | 20,460.84 | 20,599.08 | 20,822.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,526.25 | 16,553.75 | 18,206.00 | 19,233.50 | 20,885.75 | 21,913.25 | 23,565.50 |
| Camarilla | 19,121.32 | 19,366.96 | 19,612.61 | 19,858.25 | 20,103.89 | 20,349.54 | 20,595.18 |
| Woodie | 15,838.63 | 16,709.94 | 18,518.38 | 19,389.69 | 21,198.13 | 22,069.44 | 23,877.88 |
| Fibonacci | 16,553.75 | 17,577.42 | 18,209.84 | 19,233.50 | 20,257.17 | 20,889.59 | 21,913.25 |
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): | 65.17 | |
| MACD (12,26,9): | 27.2200 | |
| Directional Movement: | 15.24 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 20,297.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 20,173.23 | |
| Elder Ray (13): | 29.84 | |
| Super Trend (3,10): | 20,243.08 | |
| Zig ZAG (10): | 20,307.50 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 86.35 | |
| TEMA (21): | 20,313.22 | |
| Williams %R (14): | -21.27 | |
| Chande Momentum Oscillator (20): | 78.25 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.64 |
| MA7: | 20,220.75 | |
| MA20: | 19,733.10 | |
| MA50: | 19,538.82 | |
| MA100: | 19,761.17 | |
| MAexp7: | 20,299.19 | |
| MAexp20: | 20,264.70 | |
| MAexp50: | 20,233.55 | |
| MAexp100: | 20,228.00 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | +2.90% | |
| Price / MA50: | +3.92% | |
| Price / MA100: | +2.75% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | +0.38% |
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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