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MICRO E-MINI NASDAQ100 ONLY1224
MNQ1224
- USD (-)
- 10 min delayed data - CME E-mini Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Futures
Ticker: MNQ1224
ISIN: MNQZ4

MICRO E-MINI NASDAQ100 ONLY1224 - 15 min. - Technical analysis published on 12/03/2024 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 21,139.08 USD
My targets
21,338.42 USD (+0.53%)
21,458.83 USD (+1.10%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on MICRO E-MINI NASDAQ100 ONLY1224 as long as the price remains well above 21,139.08 USD. The buyers' bullish objective is set at 21,338.42 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 21,458.83 USD. If there is any crossing, the next objective would be the resistance located at 21,658.17 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7

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.

euletthomas
This analysis was given by euletthomas. Take part yourself by sharing additional analysis on another time unit:
1H Daily

Additional analysis

Quotes

The MICRO E-MINI NASDAQ100 ONLY1224 rating is 21,225.00 USD. On the day, this instrument gained +0.03% and was between 21,134.75 USD and 21,243.75 USD. This implies that the price is at +0.43% from its lowest and at -0.09% from its highest.

21,134.75
21,243.75
21,225.00

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.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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



Abnormal volumes on MICRO E-MINI NASDAQ100 ONLY1224 were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


A technical analysis in 15 min. of this MICRO E-MINI NASDAQ100 ONLY1224 chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 15 minutes



In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : 15 minutes


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 15 minutes



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 20,755.80 20,939.06 21,081.25 21,225.00 21,231.25
Change (%) -2.21% -1.35% -0.68% - +0.03%
Change -469.20 -285.94 -143.75 - +6.25
Level Intermediate Major Minor - Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20,698.9220,819.3321,018.6721,139.0821,338.4221,458.8321,658.17
Camarilla21,130.0721,159.3821,188.6921,218.0021,247.3121,276.6221,305.93
Woodie20,738.3820,839.0621,058.1321,158.8121,377.8821,478.5621,697.63
Fibonacci20,819.3320,941.4821,016.9421,139.0821,261.2321,336.6921,458.83


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20,345.6720,510.3320,751.9220,916.5821,158.1721,322.8321,564.42
Camarilla20,881.7820,919.0220,956.2620,993.5021,030.7421,067.9821,105.22
Woodie20,384.1320,529.5620,790.3820,935.8121,196.6321,342.0621,602.88
Fibonacci20,510.3320,665.5220,761.4020,916.5821,071.7721,167.6521,322.83


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18,897.0819,455.1720,224.3320,782.4221,551.5822,109.6722,878.83
Camarilla20,628.5120,750.1720,871.8420,993.5021,115.1721,236.8321,358.49
Woodie19,002.6319,507.9420,329.8820,835.1921,657.1322,162.4422,984.38
Fibonacci19,455.1719,962.1820,275.4120,782.4221,289.4321,602.6622,109.67

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): 50.70
MACD (12,26,9): -3.7800
Directional Movement: -6.62
AROON (14): 14.29
DEMA (21): 21,195.79
Parabolic SAR (0,02-0,02-0,2): 21,142.45
Elder Ray (13): 17.48
Super Trend (3,10): 21,227.37
Zig ZAG (10): 21,216.75
VORTEX (21): 1.0000
Stochastique (14,3,5): 71.37
TEMA (21): 21,197.63
Williams %R (14): -12.85
Chande Momentum Oscillator (20): 10.00
Repulse (5,40,3): 0.1600
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.06
MA7: 21,002.54
MA20: 20,961.99
MA50: 20,575.08
MA100: 20,049.46
MAexp7: 21,203.70
MAexp20: 21,198.60
MAexp50: 21,203.01
MAexp100: 21,176.34
Price / MA7: +1.06%
Price / MA20: +1.25%
Price / MA50: +3.16%
Price / MA100: +5.86%
Price / MAexp7: +0.10%
Price / MAexp20: +0.12%
Price / MAexp50: +0.10%
Price / MAexp100: +0.23%

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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Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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