MICRO E-MINI NASDAQ100 FULL0325 - 15 min. - Technical analysis published on 11/15/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 21,051.17 USD
My targets
20,670.33 USD (-0.75%)
20,619.25 USD (-0.99%)
My analysis
MICRO E-MINI NASDAQ100 FULL1224 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 21,051.17 USD. The next support located at 20,670.33 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 20,619.25 USD. Below this support, sellers could then target 20,226.75 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7
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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 20,826.00 USD. On the day, this instrument lost -0.88% and was traded between 20,794.00 USD and 20,981.00 USD over the period. The price is currently at +0.15% from its lowest and -0.74% from its highest.20,794.00
20,981.00
20,826.00
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:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of MICRO E-MINI NASDAQ100 FULL1224 indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 3 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
Bearish doji star
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20,021.75 | 20,226.75 | 20,619.25 | 20,826.00 | 20,935.75 | 21,135.00 | 21,262.45 |
| Change (%) | -3.86% | -2.88% | -0.99% | - | +0.53% | +1.48% | +2.10% |
| Change | -804.25 | -599.25 | -206.75 | - | +109.75 | +309.00 | +436.45 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20,670.33 | 20,810.42 | 20,911.08 | 21,051.17 | 21,151.83 | 21,291.92 | 21,392.58 |
| Camarilla | 20,945.54 | 20,967.61 | 20,989.68 | 21,011.75 | 21,033.82 | 21,055.89 | 21,077.96 |
| Woodie | 20,650.63 | 20,800.56 | 20,891.38 | 21,041.31 | 21,132.13 | 21,282.06 | 21,372.88 |
| Fibonacci | 20,810.42 | 20,902.38 | 20,959.20 | 21,051.17 | 21,143.13 | 21,199.95 | 21,291.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19,154.25 | 19,583.75 | 20,407.50 | 20,837.00 | 21,660.75 | 22,090.25 | 22,914.00 |
| Camarilla | 20,886.61 | 21,001.49 | 21,116.37 | 21,231.25 | 21,346.13 | 21,461.01 | 21,575.89 |
| Woodie | 19,351.38 | 19,682.31 | 20,604.63 | 20,935.56 | 21,857.88 | 22,188.81 | 23,111.13 |
| Fibonacci | 19,583.75 | 20,062.49 | 20,358.26 | 20,837.00 | 21,315.74 | 21,611.51 | 22,090.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18,771.67 | 19,302.58 | 19,727.92 | 20,258.83 | 20,684.17 | 21,215.08 | 21,640.42 |
| Camarilla | 19,890.28 | 19,977.94 | 20,065.59 | 20,153.25 | 20,240.91 | 20,328.56 | 20,416.22 |
| Woodie | 18,718.88 | 19,276.19 | 19,675.13 | 20,232.44 | 20,631.38 | 21,188.69 | 21,587.63 |
| Fibonacci | 19,302.58 | 19,667.87 | 19,893.55 | 20,258.83 | 20,624.12 | 20,849.80 | 21,215.08 |
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): | 36.98 | |
| MACD (12,26,9): | -26.9400 | |
| Directional Movement: | -18.88 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 20,817.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 20,852.60 | |
| Elder Ray (13): | -22.67 | |
| Super Trend (3,10): | 20,893.66 | |
| Zig ZAG (10): | 20,820.00 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 29.52 | |
| TEMA (21): | 20,818.02 | |
| Williams %R (14): | -65.77 | |
| Chande Momentum Oscillator (20): | -4.25 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.55 |
| MA7: | 21,122.71 | |
| MA20: | 20,662.00 | |
| MA50: | 20,290.52 | |
| MA100: | 20,035.37 | |
| MAexp7: | 20,828.61 | |
| MAexp20: | 20,853.48 | |
| MAexp50: | 20,908.48 | |
| MAexp100: | 20,976.01 | |
| Price / MA7: | -1.40% | |
| Price / MA20: | +0.79% | |
| Price / MA50: | +2.64% | |
| Price / MA100: | +3.95% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.39% | |
| Price / MAexp100: | -0.72% |
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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