MICRO E-MINI S&P500 FULL0325 (NG) - 15 min. - Technical analysis published on 09/04/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 5,563.50 USD
My targets
5,497.00 USD (-0.58%)
5,450.25 USD (-1.42%)
My analysis
The bearish trend is currently very strong for MICRO E-MINI S&P500 FULL0924 (NG). As long as the price remains below the resistance at 5,563.50 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 5,497.00 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5,450.25 USD as an objective. Crossing it would then enable sellers to target 5,383.75 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.6
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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Additional analysis
Quotes
MICRO E-MINI S&P500 FULL0924 (NG) rating 5,529.00 USD. On the day, this instrument lost -0.27% and was between 5,520.00 USD and 5,565.00 USD. This implies that the price is at +0.16% from its lowest and at -0.65% from its highest.5,520.00
5,565.00
5,529.00
Here is a more detailed summary of the historical variations registered by MICRO E-MINI S&P500 FULL0924 (NG):
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 S&P500 FULL0924 (NG) chart shows a sharp bearish trend. 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 detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 15 minutes
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 3 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 3
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
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,227.73 | 5,375.97 | 5,487.75 | 5,529.00 | 5,563.15 | 5,667.35 | 5,715.00 |
| Change (%) | -5.45% | -2.77% | -0.75% | - | +0.62% | +2.50% | +3.36% |
| Change | -301.27 | -153.03 | -41.25 | - | +34.15 | +138.35 | +186.00 |
| Level | Major | Major | Minor | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,383.75 | 5,450.25 | 5,497.00 | 5,563.50 | 5,610.25 | 5,676.75 | 5,723.50 |
| Camarilla | 5,512.61 | 5,522.99 | 5,533.37 | 5,543.75 | 5,554.13 | 5,564.51 | 5,574.89 |
| Woodie | 5,373.88 | 5,445.31 | 5,487.13 | 5,558.56 | 5,600.38 | 5,671.81 | 5,713.63 |
| Fibonacci | 5,450.25 | 5,493.51 | 5,520.24 | 5,563.50 | 5,606.76 | 5,633.49 | 5,676.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,507.00 | 5,542.25 | 5,598.50 | 5,633.75 | 5,690.00 | 5,725.25 | 5,781.50 |
| Camarilla | 5,629.59 | 5,637.98 | 5,646.36 | 5,654.75 | 5,663.14 | 5,671.53 | 5,679.91 |
| Woodie | 5,517.50 | 5,547.50 | 5,609.00 | 5,639.00 | 5,700.50 | 5,730.50 | 5,792.00 |
| Fibonacci | 5,542.25 | 5,577.20 | 5,598.80 | 5,633.75 | 5,668.70 | 5,690.30 | 5,725.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,787.00 | 4,966.25 | 5,310.50 | 5,489.75 | 5,834.00 | 6,013.25 | 6,357.50 |
| Camarilla | 5,510.79 | 5,558.78 | 5,606.76 | 5,654.75 | 5,702.74 | 5,750.73 | 5,798.71 |
| Woodie | 4,869.50 | 5,007.50 | 5,393.00 | 5,531.00 | 5,916.50 | 6,054.50 | 6,440.00 |
| Fibonacci | 4,966.25 | 5,166.23 | 5,289.77 | 5,489.75 | 5,689.73 | 5,813.27 | 6,013.25 |
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): | 37.96 | |
| MACD (12,26,9): | -8.7300 | |
| Directional Movement: | -14.09 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 5,528.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,550.50 | |
| Elder Ray (13): | -5.90 | |
| Super Trend (3,10): | 5,563.14 | |
| Zig ZAG (10): | 5,532.50 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 15.98 | |
| TEMA (21): | 5,532.22 | |
| Williams %R (14): | -82.58 | |
| Chande Momentum Oscillator (20): | -9.25 | |
| Repulse (5,40,3): | 0.0600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.49 |
| MA7: | 5,609.29 | |
| MA20: | 5,560.31 | |
| MA50: | 5,546.43 | |
| MA100: | 5,448.61 | |
| MAexp7: | 5,533.79 | |
| MAexp20: | 5,540.14 | |
| MAexp50: | 5,561.63 | |
| MAexp100: | 5,584.45 | |
| Price / MA7: | -1.43% | |
| Price / MA20: | -0.56% | |
| Price / MA50: | -0.31% | |
| Price / MA100: | +1.48% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | -0.59% | |
| Price / MAexp100: | -0.99% |
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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