NASDAQ100 - MINI NASDAQ100 FULL0625 - 1H - Technical analysis published on 11/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 20,724.25 USD
My targets
20,481.50 USD (-0.56%)
20,405.25 USD (-0.93%)
My analysis
The bearish trend is currently very strong for NASDAQ100 - MINI NASDAQ100 FULL1224. As long as the price remains below the resistance at 20,724.25 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 20,481.50 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 20,405.25 USD as an objective. Crossing it would then enable sellers to target 20,144.50 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NASDAQ100 - MINI NASDAQ100 FULL1224 rating 20,596.25 USD. The price is lower by -0.18% since the last closing with the lowest point at 20,492.75 USD and the highest point at 20,697.00 USD. The deviation from the price is +0.51% for the low point and -0.49% for the high point.20,492.75
20,697.00
20,596.25
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.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NASDAQ100 - MINI NASDAQ100 FULL1224:
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
Technical
Technical analysis of this 1H chart of NASDAQ100 - MINI NASDAQ100 FULL1224 indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20,144.50 | 20,405.25 | 20,481.50 | 20,596.25 | 20,619.25 | 20,724.25 | 20,933.17 |
| Change (%) | -2.19% | -0.93% | -0.56% | - | +0.11% | +0.62% | +1.64% |
| Change | -451.75 | -191.00 | -114.75 | - | +23.00 | +128.00 | +336.92 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20,250.00 | 20,363.00 | 20,498.25 | 20,611.25 | 20,746.50 | 20,859.50 | 20,994.75 |
| Camarilla | 20,565.23 | 20,587.99 | 20,610.74 | 20,633.50 | 20,656.26 | 20,679.01 | 20,701.77 |
| Woodie | 20,261.13 | 20,368.56 | 20,509.38 | 20,616.81 | 20,757.63 | 20,865.06 | 21,005.88 |
| Fibonacci | 20,363.00 | 20,457.83 | 20,516.42 | 20,611.25 | 20,706.08 | 20,764.67 | 20,859.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19,216.92 | 19,811.08 | 20,152.42 | 20,746.58 | 21,087.92 | 21,682.08 | 22,023.42 |
| Camarilla | 20,236.49 | 20,322.24 | 20,408.00 | 20,493.75 | 20,579.50 | 20,665.26 | 20,751.01 |
| Woodie | 19,090.50 | 19,747.88 | 20,026.00 | 20,683.38 | 20,961.50 | 21,618.88 | 21,897.00 |
| Fibonacci | 19,811.08 | 20,168.44 | 20,389.22 | 20,746.58 | 21,103.94 | 21,324.72 | 21,682.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18,773.33 | 19,303.42 | 19,728.33 | 20,258.42 | 20,683.33 | 21,213.42 | 21,638.33 |
| Camarilla | 19,890.63 | 19,978.17 | 20,065.71 | 20,153.25 | 20,240.79 | 20,328.33 | 20,415.88 |
| Woodie | 18,720.75 | 19,277.13 | 19,675.75 | 20,232.13 | 20,630.75 | 21,187.13 | 21,585.75 |
| Fibonacci | 19,303.42 | 19,668.23 | 19,893.61 | 20,258.42 | 20,623.23 | 20,848.61 | 21,213.42 |
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): | 47.19 | |
| MACD (12,26,9): | -12.7100 | |
| Directional Movement: | -12.03 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 20,609.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 20,694.70 | |
| Elder Ray (13): | -19.41 | |
| Super Trend (3,10): | 20,742.35 | |
| Zig ZAG (10): | 20,615.50 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 48.31 | |
| TEMA (21): | 20,622.71 | |
| Williams %R (14): | -39.66 | |
| Chande Momentum Oscillator (20): | -10.00 | |
| Repulse (5,40,3): | 0.2400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.23 |
| MA7: | 20,902.75 | |
| MA20: | 20,654.91 | |
| MA50: | 20,348.41 | |
| MA100: | 20,036.67 | |
| MAexp7: | 20,608.38 | |
| MAexp20: | 20,625.07 | |
| MAexp50: | 20,681.18 | |
| MAexp100: | 20,780.57 | |
| Price / MA7: | -1.47% | |
| Price / MA20: | -0.28% | |
| Price / MA50: | +1.22% | |
| Price / MA100: | +2.79% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.41% | |
| Price / MAexp100: | -0.89% |
Quotes :
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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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