MICRO E-MINI NASDAQ100 FULL1224 - 15 min. - Technical analysis published on 11/18/2024 (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
11%
72%
17%
My opinion
Bearish under 20,626.67 USD
My targets
20,272.33 USD (-1.47%)
20,050.92 USD (-2.54%)
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 20,626.67 USD. The next support located at 20,272.33 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 20,050.92 USD. Below this support, sellers could then target 19,696.58 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
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 price is 20,574.50 USD. On the day, this instrument gained +0.39% with the lowest point at 20,476.25 USD and the highest point at 20,657.75 USD. The deviation from the price is +0.48% for the low point and -0.40% for the high point.20,476.25
20,657.75
20,574.50
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 sharp bearish trend. 82.14% 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 market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20,021.75 | 20,280.00 | 20,373.00 | 20,574.50 | 20,619.25 | 20,794.00 | 20,933.58 |
| Change (%) | -2.69% | -1.43% | -0.98% | - | +0.22% | +1.07% | +1.75% |
| Change | -552.75 | -294.50 | -201.50 | - | +44.75 | +219.50 | +359.08 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | Minor |
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 | 19,696.58 | 20,050.92 | 20,272.33 | 20,626.67 | 20,848.08 | 21,202.42 | 21,423.83 |
| Camarilla | 20,335.42 | 20,388.20 | 20,440.97 | 20,493.75 | 20,546.53 | 20,599.30 | 20,652.08 |
| Woodie | 19,630.13 | 20,017.69 | 20,205.88 | 20,593.44 | 20,781.63 | 21,169.19 | 21,357.38 |
| Fibonacci | 20,050.92 | 20,270.85 | 20,406.73 | 20,626.67 | 20,846.60 | 20,982.48 | 21,202.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19,217.25 | 19,811.25 | 20,152.50 | 20,746.50 | 21,087.75 | 21,681.75 | 22,023.00 |
| Camarilla | 20,236.56 | 20,322.29 | 20,408.02 | 20,493.75 | 20,579.48 | 20,665.21 | 20,750.94 |
| Woodie | 19,090.88 | 19,748.06 | 20,026.13 | 20,683.31 | 20,961.38 | 21,618.56 | 21,896.63 |
| Fibonacci | 19,811.25 | 20,168.52 | 20,389.24 | 20,746.50 | 21,103.77 | 21,324.49 | 21,681.75 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 33.80 | |
| MACD (12,26,9): | -8.2400 | |
| Directional Movement: | -17.30 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 20,601.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 20,642.62 | |
| Elder Ray (13): | -40.56 | |
| Super Trend (3,10): | 20,643.33 | |
| Zig ZAG (10): | 20,559.75 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 17.79 | |
| TEMA (21): | 20,577.78 | |
| Williams %R (14): | -83.29 | |
| Chande Momentum Oscillator (20): | -75.50 | |
| Repulse (5,40,3): | -0.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.49 |
| MA7: | 20,981.71 | |
| MA20: | 20,647.81 | |
| MA50: | 20,316.58 | |
| MA100: | 20,034.78 | |
| MAexp7: | 20,584.15 | |
| MAexp20: | 20,608.16 | |
| MAexp50: | 20,614.18 | |
| MAexp100: | 20,666.91 | |
| Price / MA7: | -1.94% | |
| Price / MA20: | -0.36% | |
| Price / MA50: | +1.27% | |
| Price / MA100: | +2.69% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.45% |
Quotes :
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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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