NASDAQ100 - MINI NASDAQ100 FULL0325 - Daily - Technical analysis published on 12/10/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 21,134.75 USD
My targets
22,110.17 USD (+3.09%)
22,879.58 USD (+6.68%)
My analysis
The bullish trend is currently very strong on NASDAQ100 - MINI NASDAQ100 FULL1224. As long as the price remains above the support at 21,134.75 USD, you could try to benefit from the boom. The first bullish objective is located at 22,110.17 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 22,879.58 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
8.4
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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 21,447.75 USD. On the day, this instrument lost -0.17% with the lowest point at 21,441.00 USD and the highest point at 21,606.75 USD. The deviation from the price is +0.03% for the low point and -0.74% for the high point.21,441.00
21,606.75
21,447.75
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NASDAQ100 - MINI NASDAQ100 FULL1224 indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 20,148.05 | 20,815.22 | 21,134.75 | 21,447.75 |
| Change (%) | -6.06% | -2.95% | -1.46% | - |
| Change | -1,299.70 | -632.53 | -313.00 | - |
| Level | Minor | Major | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21,107.50 | 21,271.75 | 21,377.75 | 21,542.00 | 21,648.00 | 21,812.25 | 21,918.25 |
| Camarilla | 21,409.43 | 21,434.20 | 21,458.98 | 21,483.75 | 21,508.52 | 21,533.30 | 21,558.07 |
| Woodie | 21,078.38 | 21,257.19 | 21,348.63 | 21,527.44 | 21,618.88 | 21,797.69 | 21,889.13 |
| Fibonacci | 21,271.75 | 21,374.99 | 21,438.77 | 21,542.00 | 21,645.24 | 21,709.02 | 21,812.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20,445.50 | 20,692.75 | 21,174.75 | 21,422.00 | 21,904.00 | 22,151.25 | 22,633.25 |
| Camarilla | 21,456.21 | 21,523.05 | 21,589.90 | 21,656.75 | 21,723.60 | 21,790.45 | 21,857.29 |
| Woodie | 20,562.88 | 20,751.44 | 21,292.13 | 21,480.69 | 22,021.38 | 22,209.94 | 22,750.63 |
| Fibonacci | 20,692.75 | 20,971.32 | 21,143.43 | 21,422.00 | 21,700.57 | 21,872.68 | 22,151.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18,896.33 | 19,454.67 | 20,224.08 | 20,782.42 | 21,551.83 | 22,110.17 | 22,879.58 |
| Camarilla | 20,628.37 | 20,750.08 | 20,871.79 | 20,993.50 | 21,115.21 | 21,236.92 | 21,358.63 |
| Woodie | 19,001.88 | 19,507.44 | 20,329.63 | 20,835.19 | 21,657.38 | 22,162.94 | 22,985.13 |
| Fibonacci | 19,454.67 | 19,961.87 | 20,275.22 | 20,782.42 | 21,289.62 | 21,602.97 | 22,110.17 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.17 | |
| MACD (12,26,9): | 238.0100 | |
| Directional Movement: | 16.33 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 21,433.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 20,818.09 | |
| Elder Ray (13): | 265.70 | |
| Super Trend (3,10): | 20,783.18 | |
| Zig ZAG (10): | 21,451.25 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 86.24 | |
| TEMA (21): | 21,505.39 | |
| Williams %R (14): | -21.33 | |
| Chande Momentum Oscillator (20): | 606.00 | |
| Repulse (5,40,3): | -0.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 5.57 |
| MA7: | 21,443.04 | |
| MA20: | 21,058.39 | |
| MA50: | 20,708.78 | |
| MA100: | 20,120.64 | |
| MAexp7: | 21,400.15 | |
| MAexp20: | 21,134.16 | |
| MAexp50: | 20,756.43 | |
| MAexp100: | 20,356.28 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | +1.85% | |
| Price / MA50: | +3.57% | |
| Price / MA100: | +6.60% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | +1.48% | |
| Price / MAexp50: | +3.33% | |
| Price / MAexp100: | +5.36% |
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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