MICRO E-MINI NASDAQ100 ONLY1224 - 15 min. - Technical analysis published on 12/12/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
44%
39%
My opinion
Bearish under 21,940.25 USD
My targets
21,673.00 USD (-0.30%)
21,526.25 USD (-0.97%)
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 ONLY1224 as long as the price remains well below 21,940.25 USD. The next bearish objective for sellers is set at 21,673.00 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 21,526.25 USD. In case of crossing, the next objective would be the support located at 21,259.00 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 21,673.00 USD. With this support, against the trend traders who want to buy MICRO E-MINI NASDAQ100 ONLY1224 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
1.6
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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 21,738.00 USD. On the day, this instrument lost -0.26% and was between 21,734.25 USD and 21,772.75 USD. This implies that the price is at +0.02% from its lowest and at -0.16% from its highest.21,734.25
21,772.75
21,738.00
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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:
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
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 slightly bullish. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 21,260.10 | 21,432.20 | 21,706.50 | 21,738.00 | 21,819.75 |
| Change (%) | -2.20% | -1.41% | -0.14% | - | +0.38% |
| Change | -477.90 | -305.80 | -31.50 | - | +81.75 |
| Level | Minor | Major | Minor | - | Intermediate |
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 | 21,112.25 | 21,259.00 | 21,526.25 | 21,673.00 | 21,940.25 | 22,087.00 | 22,354.25 |
| Camarilla | 21,679.65 | 21,717.60 | 21,755.55 | 21,793.50 | 21,831.45 | 21,869.40 | 21,907.35 |
| Woodie | 21,172.50 | 21,289.13 | 21,586.50 | 21,703.13 | 22,000.50 | 22,117.13 | 22,414.50 |
| Fibonacci | 21,259.00 | 21,417.15 | 21,514.85 | 21,673.00 | 21,831.15 | 21,928.85 | 22,087.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20,444.75 | 20,692.25 | 21,174.50 | 21,422.00 | 21,904.25 | 22,151.75 | 22,634.00 |
| Camarilla | 21,456.07 | 21,522.96 | 21,589.86 | 21,656.75 | 21,723.64 | 21,790.54 | 21,857.43 |
| Woodie | 20,562.13 | 20,750.94 | 21,291.88 | 21,480.69 | 22,021.63 | 22,210.44 | 22,751.38 |
| Fibonacci | 20,692.25 | 20,971.02 | 21,143.24 | 21,422.00 | 21,700.77 | 21,872.99 | 22,151.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18,897.08 | 19,455.17 | 20,224.33 | 20,782.42 | 21,551.58 | 22,109.67 | 22,878.83 |
| Camarilla | 20,628.51 | 20,750.17 | 20,871.84 | 20,993.50 | 21,115.17 | 21,236.83 | 21,358.49 |
| Woodie | 19,002.63 | 19,507.94 | 20,329.88 | 20,835.19 | 21,657.13 | 22,162.44 | 22,984.38 |
| Fibonacci | 19,455.17 | 19,962.18 | 20,275.41 | 20,782.42 | 21,289.43 | 21,602.66 | 22,109.67 |
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): | 43.34 | |
| MACD (12,26,9): | -1.6700 | |
| Directional Movement: | 1.20 | |
| AROON (14): | 0 | |
| DEMA (21): | 21,754.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 21,770.67 | |
| Elder Ray (13): | -6.14 | |
| Super Trend (3,10): | 21,778.30 | |
| Zig ZAG (10): | 21,746.00 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 21.74 | |
| TEMA (21): | 21,749.41 | |
| Williams %R (14): | -88.70 | |
| Chande Momentum Oscillator (20): | -15.00 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.09 |
| MA7: | 21,584.07 | |
| MA20: | 21,124.54 | |
| MA50: | 20,778.70 | |
| MA100: | 20,166.65 | |
| MAexp7: | 21,748.81 | |
| MAexp20: | 21,756.53 | |
| MAexp50: | 21,743.74 | |
| MAexp100: | 21,691.05 | |
| Price / MA7: | +0.71% | |
| Price / MA20: | +2.90% | |
| Price / MA50: | +4.62% | |
| Price / MA100: | +7.79% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | +0.22% |
Quotes :
-
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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