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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 12/13/2024 (GMT)

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

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 21,675.42 USD
My targets
21,845.92 USD (+0.39%)
21,919.08 USD (+0.73%)
My analysis
The bullish trend is currently very strong on MICRO E-MINI NASDAQ100 ONLY1224. As long as the price remains above the support at 21,675.42 USD, you could try to benefit from the boom. The first bullish objective is located at 21,845.92 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 21,919.08 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6

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.

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

Additional analysis

Quotes

MICRO E-MINI NASDAQ100 ONLY1224 rating 21,760.50 USD. The price registered an increase of +0.51% on the session and was between 21,697.50 USD and 21,768.75 USD. This implies that the price is at +0.29% from its lowest and at -0.04% from its highest.

21,697.50
21,768.75
21,760.50

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 notes the presence of abnormal volumes:

Central Volumes

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 bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : 15 minutes



In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 15 minutes



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 21,260.10 21,437.92 21,706.50 21,760.50 21,819.75
Change (%) -2.30% -1.48% -0.25% - +0.27%
Change -500.40 -322.58 -54.00 - +59.25
Level Minor Major Intermediate - Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21,407.5821,504.9221,578.0821,675.4221,748.5821,845.9221,919.08
Camarilla21,604.3621,619.9921,635.6221,651.2521,666.8821,682.5121,698.14
Woodie21,395.5021,498.8821,566.0021,669.3821,736.5021,839.8821,907.00
Fibonacci21,504.9221,570.0521,610.2921,675.4221,740.5521,780.7921,845.92


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20,444.7520,692.2521,174.5021,422.0021,904.2522,151.7522,634.00
Camarilla21,456.0721,522.9621,589.8621,656.7521,723.6421,790.5421,857.43
Woodie20,562.1320,750.9421,291.8821,480.6922,021.6322,210.4422,751.38
Fibonacci20,692.2520,971.0221,143.2421,422.0021,700.7721,872.9922,151.75


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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 66.13
MACD (12,26,9): 8.1700
Directional Movement: 12.10
AROON (14): 100.00
DEMA (21): 21,744.32
Parabolic SAR (0,02-0,02-0,2): 21,714.06
Elder Ray (13): 16.23
Super Trend (3,10): 21,714.98
Zig ZAG (10): 21,762.75
VORTEX (21): 1.1800
Stochastique (14,3,5): 87.50
TEMA (21): 21,752.60
Williams %R (14): -9.84
Chande Momentum Oscillator (20): 26.50
Repulse (5,40,3): 0.0800
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.26
MA7: 21,602.64
MA20: 21,183.12
MA50: 20,807.46
MA100: 20,189.14
MAexp7: 21,746.85
MAexp20: 21,734.28
MAexp50: 21,724.74
MAexp100: 21,713.14
Price / MA7: +0.73%
Price / MA20: +2.73%
Price / MA50: +4.58%
Price / MA100: +7.78%
Price / MAexp7: +0.06%
Price / MAexp20: +0.12%
Price / MAexp50: +0.16%
Price / MAexp100: +0.22%

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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