MICRO E-MINI NASDAQ100 FULL0625 - Daily - Technical analysis published on 12/31/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
6%
78%
17%
My opinion
Bearish under 22,408.00 USD
My targets
20,288.12 USD (-4.48%)
19,373.75 USD (-8.79%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for MICRO E-MINI NASDAQ100 FULL0325 as long as the price remains well below 22,408.00 USD. The next bearish objective for sellers is set at 20,288.12 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 19,373.75 USD. In case of crossing, the next objective would be the support located at 18,546.45 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 20,288.12 USD. With this support, against the trend traders who want to buy MICRO E-MINI NASDAQ100 FULL0325 on a buy signal from their trading strategy should not hesitate to act.
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
2.7
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This analysis was given by eliro. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MICRO E-MINI NASDAQ100 FULL0325 price is 21,240.25 USD. The price registered a decrease of -0.82% on the session and was traded between 21,181.75 USD and 21,524.75 USD over the period. The price is currently at +0.28% from its lowest and -1.32% from its highest.21,181.75
21,524.75
21,240.25
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this MICRO E-MINI NASDAQ100 FULL0325 chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 18,546.45 | 19,373.75 | 20,288.12 | 21,240.25 | 21,422.00 | 22,408.00 |
| Change (%) | -12.68% | -8.79% | -4.48% | - | +0.86% | +5.50% |
| Change | -2,693.80 | -1,866.50 | -952.13 | - | +181.75 | +1,167.75 |
| Level | Major | Minor | Minor | - | Major | 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 | 20,708.75 | 20,980.75 | 21,198.50 | 21,470.50 | 21,688.25 | 21,960.25 | 22,178.00 |
| Camarilla | 21,281.57 | 21,326.46 | 21,371.36 | 21,416.25 | 21,461.14 | 21,506.04 | 21,550.93 |
| Woodie | 20,681.63 | 20,967.19 | 21,171.38 | 21,456.94 | 21,661.13 | 21,946.69 | 22,150.88 |
| Fibonacci | 20,980.75 | 21,167.84 | 21,283.42 | 21,470.50 | 21,657.59 | 21,773.17 | 21,960.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20,777.67 | 21,126.83 | 21,412.67 | 21,761.83 | 22,047.67 | 22,396.83 | 22,682.67 |
| Camarilla | 21,523.88 | 21,582.08 | 21,640.29 | 21,698.50 | 21,756.71 | 21,814.92 | 21,873.13 |
| Woodie | 20,746.00 | 21,111.00 | 21,381.00 | 21,746.00 | 22,016.00 | 22,381.00 | 22,651.00 |
| Fibonacci | 21,126.83 | 21,369.40 | 21,519.26 | 21,761.83 | 22,004.40 | 22,154.26 | 22,396.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19,184.08 | 19,742.17 | 20,511.33 | 21,069.42 | 21,838.58 | 22,396.67 | 23,165.83 |
| Camarilla | 20,915.51 | 21,037.17 | 21,158.84 | 21,280.50 | 21,402.17 | 21,523.83 | 21,645.49 |
| Woodie | 19,289.63 | 19,794.94 | 20,616.88 | 21,122.19 | 21,944.13 | 22,449.44 | 23,271.38 |
| Fibonacci | 19,742.17 | 20,249.18 | 20,562.41 | 21,069.42 | 21,576.43 | 21,889.66 | 22,396.67 |
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): | 42.28 | |
| MACD (12,26,9): | 57.8300 | |
| Directional Movement: | -16.93 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 21,803.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 22,066.84 | |
| Elder Ray (13): | -338.09 | |
| Super Trend (3,10): | 22,446.69 | |
| Zig ZAG (10): | 21,230.25 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 30.57 | |
| TEMA (21): | 21,676.29 | |
| Williams %R (14): | -84.16 | |
| Chande Momentum Oscillator (20): | -848.00 | |
| Repulse (5,40,3): | -2.4600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 2.13 |
| MA7: | 21,740.04 | |
| MA20: | 21,822.15 | |
| MA50: | 21,356.15 | |
| MA100: | 20,787.04 | |
| MAexp7: | 21,615.93 | |
| MAexp20: | 21,675.70 | |
| MAexp50: | 21,382.73 | |
| MAexp100: | 20,947.24 | |
| Price / MA7: | -2.30% | |
| Price / MA20: | -2.67% | |
| Price / MA50: | -0.54% | |
| Price / MA100: | +2.18% | |
| Price / MAexp7: | -1.74% | |
| Price / MAexp20: | -2.01% | |
| Price / MAexp50: | -0.67% | |
| Price / MAexp100: | +1.40% |
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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