NASDAQ100 - MINI NASDAQ100 FULL0624 - Daily - Technical analysis published on 05/15/2024 (GMT)
- 58
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above
My targets
()
()
My analysis
The bullish trend is currently very strong on NASDAQ100 - MINI NASDAQ100 FULL0624. As long as the price remains above the support at , you could try to benefit from the boom. The first bullish objective is located at . The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 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
8.2
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This analysis was given by Barts_XV. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NASDAQ100 - MINI NASDAQ100 FULL0624 rating 18,411.50 USD. On the day, this instrument lost -0.02% and was between 18,399.75 USD and 18,438.25 USD. This implies that the price is at +0.06% from its lowest and at -0.15% from its highest.18,399.75
18,438.25
18,411.50
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:
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
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NASDAQ100 - MINI NASDAQ100 FULL0624 indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
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 these bearish signals that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : Daily
Bearish harami cross
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 15,839.80 | 16,692.50 | 17,767.10 | 18,411.50 | 18,585.75 |
| Change (%) | -13.97% | -9.34% | -3.50% | - | +0.95% |
| Change | -2,571.70 | -1,719.00 | -644.40 | - | +174.25 |
| Level | Minor | Minor | Major | - | Major |
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 | 17,975.17 | 18,070.33 | 18,242.67 | 18,337.83 | 18,510.17 | 18,605.33 | 18,777.67 |
| Camarilla | 18,341.44 | 18,365.96 | 18,390.48 | 18,415.00 | 18,439.52 | 18,464.04 | 18,488.56 |
| Woodie | 18,013.75 | 18,089.63 | 18,281.25 | 18,357.13 | 18,548.75 | 18,624.63 | 18,816.25 |
| Fibonacci | 18,070.33 | 18,172.52 | 18,235.65 | 18,337.83 | 18,440.02 | 18,503.15 | 18,605.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17,678.92 | 17,831.33 | 18,043.17 | 18,195.58 | 18,407.42 | 18,559.83 | 18,771.67 |
| Camarilla | 18,154.83 | 18,188.22 | 18,221.61 | 18,255.00 | 18,288.39 | 18,321.78 | 18,355.17 |
| Woodie | 17,708.63 | 17,846.19 | 18,072.88 | 18,210.44 | 18,437.13 | 18,574.69 | 18,801.38 |
| Fibonacci | 17,831.33 | 17,970.48 | 18,056.44 | 18,195.58 | 18,334.73 | 18,420.69 | 18,559.83 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 60.89 | |
| MACD (12,26,9): | 95.0800 | |
| Directional Movement: | 1.59 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 18,151.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 17,972.75 | |
| Elder Ray (13): | 279.65 | |
| Super Trend (3,10): | 17,715.75 | |
| Zig ZAG (10): | 18,413.25 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 96.98 | |
| TEMA (21): | 18,292.91 | |
| Williams %R (14): | -2.38 | |
| Chande Momentum Oscillator (20): | 509.00 | |
| Repulse (5,40,3): | 1.2500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 7.69 |
| MA7: | 18,282.71 | |
| MA20: | 17,874.99 | |
| MA50: | 18,131.42 | |
| MA100: | 17,925.68 | |
| MAexp7: | 18,265.59 | |
| MAexp20: | 18,076.91 | |
| MAexp50: | 18,020.52 | |
| MAexp100: | 17,764.20 | |
| Price / MA7: | +0.70% | |
| Price / MA20: | +3.00% | |
| Price / MA50: | +1.54% | |
| Price / MA100: | +2.71% | |
| Price / MAexp7: | +0.80% | |
| Price / MAexp20: | +1.85% | |
| Price / MAexp50: | +2.17% | |
| Price / MAexp100: | +3.64% |
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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