NASDAQ100 - MINI NASDAQ100 FULL0624

- USD (-)

- 10 min delayed data - CME E-mini Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Futures
Ticker:	NQXXXX
ISIN:	NQXXXX

NASDAQ100 - MINI NASDAQ100 FULL0624 - 15 min. - Technical analysis published on 05/02/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : INVALID

NASDAQ100 - MINI NASDAQ100 FULL0624 - 15 min.

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

39%

44%

My opinion

Bullish above 17,543.58 USD

My targets

17,687.92 USD (+0.66%)

17,937.58 USD (+2.08%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 17,543.58 USD remains possible. It is advisable to trade NASDAQ100 - MINI NASDAQ100 FULL0624 with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 17,543.58 USD. The next bullish objective for buyers is set at 17,687.92 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 17,937.58 USD. If there is any crossing, the next objective would be the resistance located at 18,081.92 USD. PS: if there is a bearish break in the support located at 17,543.58 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

3.2

Comment on the analysis

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.

This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NASDAQ100 - MINI NASDAQ100 FULL0624 rating is 17,571.25 USD. The price registered an increase of +0.76% on the session and was between 17,487.00 USD and 17,619.75 USD. This implies that the price is at +0.48% from its lowest and at -0.28% from its highest.

17,487.00

17,619.75

17,571.25

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 15 min. chart of NASDAQ100 - MINI NASDAQ100 FULL0624 indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 15 minutes

An assessment of technical indicators shows a slightly bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	17,307.94	17,401.33	17,525.40	17,571.25	17,668.00	17,767.10	17,949.00
Change (%)	-1.50%	-0.97%	-0.26%	-	+0.55%	+1.11%	+2.15%
Change	-263.31	-169.92	-45.85	-	+96.75	+195.85	+377.75
Level	Intermediate	Intermediate	Minor	-	Minor	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16,899.92	17,149.58	17,293.92	17,543.58	17,687.92	17,937.58	18,081.92
Camarilla	17,329.90	17,366.02	17,402.13	17,438.25	17,474.37	17,510.48	17,546.60
Woodie	16,847.25	17,123.25	17,241.25	17,517.25	17,635.25	17,911.25	18,029.25
Fibonacci	17,149.58	17,300.09	17,393.08	17,543.58	17,694.09	17,787.08	17,937.58

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16,609.33	16,878.92	17,362.33	17,631.92	18,115.33	18,384.92	18,868.33
Camarilla	17,638.68	17,707.70	17,776.73	17,845.75	17,914.78	17,983.80	18,052.83
Woodie	16,716.25	16,932.38	17,469.25	17,685.38	18,222.25	18,438.38	18,975.25
Fibonacci	16,878.92	17,166.56	17,344.27	17,631.92	17,919.56	18,097.27	18,384.92

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15,390.25	16,251.75	16,845.00	17,706.50	18,299.75	19,161.25	19,754.50
Camarilla	17,038.19	17,171.55	17,304.90	17,438.25	17,571.60	17,704.95	17,838.31
Woodie	15,256.13	16,184.69	16,710.88	17,639.44	18,165.63	19,094.19	19,620.38
Fibonacci	16,251.75	16,807.47	17,150.79	17,706.50	18,262.22	18,605.54	19,161.25

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):	51.98
MACD (12,26,9):	9.4700
Directional Movement:	12.25
AROON (14):	7.14
DEMA (21):	17,596.09
Parabolic SAR (0,02-0,02-0,2):	17,558.25
Elder Ray (13):	13.54
Super Trend (3,10):	17,551.34
Zig ZAG (10):	17,583.75
VORTEX (21):	1.0800
Stochastique (14,3,5):	53.30
TEMA (21):	17,594.60
Williams %R (14):	-60.98
Chande Momentum Oscillator (20):	-4.00
Repulse (5,40,3):	-0.0900
ROCnROLL:	-1
TRIX (15,9):	0.0100
Courbe Coppock:	0.16

MA7:	17,652.61
MA20:	17,824.85
MA50:	18,142.56
MA100:	17,821.48
MAexp7:	17,587.96
MAexp20:	17,582.76
MAexp50:	17,564.17
MAexp100:	17,558.29
Price / MA7:	-0.46%
Price / MA20:	-1.42%
Price / MA50:	-3.15%
Price / MA100:	-1.40%
Price / MAexp7:	-0.10%
Price / MAexp20:	-0.07%
Price / MAexp50:	+0.04%
Price / MAexp100:	+0.07%

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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