MICRO E-MINI NASDAQ100 ONLY1224 - 15 min. - Technical analysis published on 10/21/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 20,445.50 USD
My targets
20,359.00 USD (-0.28%)
20,234.50 USD (-0.89%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MICRO E-MINI NASDAQ100 ONLY1224 as long as the price remains well below 20,445.50 USD. The next bearish objective for sellers is set at 20,359.00 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 20,234.50 USD. If there is any crossing, the next objective would be the support located at 20,148.00 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7
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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 ONLY1224 price is 20,417.00 USD. The price is lower by -0.33% since the last closing with the lowest point at 20,342.50 USD and the highest point at 20,554.25 USD. The deviation from the price is +0.37% for the low point and -0.67% for the high point.20,342.50
20,554.25
20,417.00
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 15 min. chart of MICRO E-MINI NASDAQ100 ONLY1224 indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 15 minutes
On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
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
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20,202.00 | 20,323.83 | 20,381.50 | 20,417.00 | 20,508.00 | 20,619.25 | 20,680.00 |
| Change (%) | -1.05% | -0.46% | -0.17% | - | +0.45% | +0.99% | +1.29% |
| Change | -215.00 | -93.17 | -35.50 | - | +91.00 | +202.25 | +263.00 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20,148.00 | 20,234.50 | 20,359.00 | 20,445.50 | 20,570.00 | 20,656.50 | 20,781.00 |
| Camarilla | 20,425.48 | 20,444.82 | 20,464.16 | 20,483.50 | 20,502.84 | 20,522.18 | 20,541.53 |
| Woodie | 20,167.00 | 20,244.00 | 20,378.00 | 20,455.00 | 20,589.00 | 20,666.00 | 20,800.00 |
| Fibonacci | 20,234.50 | 20,315.10 | 20,364.90 | 20,445.50 | 20,526.10 | 20,575.90 | 20,656.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19,757.75 | 19,981.50 | 20,232.50 | 20,456.25 | 20,707.25 | 20,931.00 | 21,182.00 |
| Camarilla | 20,352.94 | 20,396.46 | 20,439.98 | 20,483.50 | 20,527.02 | 20,570.54 | 20,614.06 |
| Woodie | 19,771.38 | 19,988.31 | 20,246.13 | 20,463.06 | 20,720.88 | 20,937.81 | 21,195.63 |
| Fibonacci | 19,981.50 | 20,162.86 | 20,274.90 | 20,456.25 | 20,637.61 | 20,749.65 | 20,931.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16,870.92 | 17,716.83 | 18,845.92 | 19,691.83 | 20,820.92 | 21,666.83 | 22,795.92 |
| Camarilla | 19,431.88 | 19,612.92 | 19,793.96 | 19,975.00 | 20,156.04 | 20,337.08 | 20,518.13 |
| Woodie | 17,012.50 | 17,787.63 | 18,987.50 | 19,762.63 | 20,962.50 | 21,737.63 | 22,937.50 |
| Fibonacci | 17,716.83 | 18,471.28 | 18,937.38 | 19,691.83 | 20,446.28 | 20,912.38 | 21,666.83 |
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): | 38.29 | |
| MACD (12,26,9): | -1.1300 | |
| Directional Movement: | -8.19 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 20,423.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 20,535.57 | |
| Elder Ray (13): | -48.22 | |
| Super Trend (3,10): | 20,506.38 | |
| Zig ZAG (10): | 20,359.75 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 23.51 | |
| TEMA (21): | 20,428.28 | |
| Williams %R (14): | -92.59 | |
| Chande Momentum Oscillator (20): | -33.00 | |
| Repulse (5,40,3): | -0.2400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.43 |
| MA7: | 20,427.07 | |
| MA20: | 20,278.10 | |
| MA50: | 19,902.15 | |
| MA100: | 19,910.10 | |
| MAexp7: | 20,408.15 | |
| MAexp20: | 20,426.84 | |
| MAexp50: | 20,436.80 | |
| MAexp100: | 20,446.04 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | +0.68% | |
| Price / MA50: | +2.59% | |
| Price / MA100: | +2.55% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.14% |
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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