S&P100 INDEX - Daily - Technical analysis published on 12/16/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 1,377.91 USD
My targets
1,435.98 USD (+1.58%)
1,467.34 USD (+3.80%)
My analysis
The bullish trend is currently very strong on S&P100 INDEX. As long as the price remains above the support at 1,377.91 USD, you could try to benefit from the boom. The first bullish objective is located at 1,435.98 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,467.34 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The S&P100 INDEX price is 1,413.62 USD. The price registered an increase of +0.08% on the session with the lowest point at 1,408.07 USD and the highest point at 1,419.28 USD. The deviation from the price is +0.39% for the low point and -0.40% for the high point.1,408.07
1,419.28
1,413.62
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:
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
Technical
Technical analysis of S&P100 INDEX in Daily shows a strongly overall bullish trend. 92.86% 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 does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 1,255.61 | 1,302.80 | 1,377.91 | 1,413.62 |
| Change (%) | -11.18% | -7.84% | -2.53% | - |
| Change | -158.01 | -110.82 | -35.71 | - |
| Level | Intermediate | Major | Intermediate | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,384.57 | 1,388.73 | 1,392.74 | 1,396.90 | 1,400.91 | 1,405.07 | 1,409.08 |
| Camarilla | 1,394.51 | 1,395.26 | 1,396.01 | 1,396.76 | 1,397.51 | 1,398.26 | 1,399.01 |
| Woodie | 1,384.51 | 1,388.69 | 1,392.68 | 1,396.86 | 1,400.85 | 1,405.03 | 1,409.02 |
| Fibonacci | 1,388.73 | 1,391.85 | 1,393.78 | 1,396.90 | 1,400.02 | 1,401.95 | 1,405.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,373.10 | 1,380.60 | 1,389.62 | 1,397.12 | 1,406.14 | 1,413.64 | 1,422.66 |
| Camarilla | 1,394.09 | 1,395.60 | 1,397.12 | 1,398.63 | 1,400.14 | 1,401.66 | 1,403.17 |
| Woodie | 1,373.85 | 1,380.98 | 1,390.37 | 1,397.50 | 1,406.89 | 1,414.02 | 1,423.41 |
| Fibonacci | 1,380.60 | 1,386.91 | 1,390.81 | 1,397.12 | 1,403.43 | 1,407.33 | 1,413.64 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,317.25 | 1,335.92 | 1,367.28 | 1,385.95 | 1,417.31 | 1,435.98 | 1,467.34 |
| Camarilla | 1,384.87 | 1,389.46 | 1,394.04 | 1,398.63 | 1,403.22 | 1,407.80 | 1,412.39 |
| Woodie | 1,323.59 | 1,339.09 | 1,373.62 | 1,389.12 | 1,423.65 | 1,439.15 | 1,473.68 |
| Fibonacci | 1,335.92 | 1,355.04 | 1,366.84 | 1,385.95 | 1,405.07 | 1,416.87 | 1,435.98 |
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): | 62.86 | |
| MACD (12,26,9): | 10.3600 | |
| Directional Movement: | 8.75 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 1,402.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,370.28 | |
| Elder Ray (13): | 6.99 | |
| Super Trend (3,10): | 1,376.60 | |
| Zig ZAG (10): | 1,400.83 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 82.69 | |
| TEMA (21): | 1,400.40 | |
| Williams %R (14): | -11.67 | |
| Chande Momentum Oscillator (20): | 16.02 | |
| Repulse (5,40,3): | 0.2500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 1.45 |
| MA7: | 1,393.00 | |
| MA20: | 1,390.30 | |
| MA50: | 1,356.77 | |
| MA100: | 1,329.65 | |
| MAexp7: | 1,395.91 | |
| MAexp20: | 1,387.60 | |
| MAexp50: | 1,364.86 | |
| MAexp100: | 1,338.83 | |
| Price / MA7: | +1.48% | |
| Price / MA20: | +1.68% | |
| Price / MA50: | +4.19% | |
| Price / MA100: | +6.32% | |
| Price / MAexp7: | +1.27% | |
| Price / MAexp20: | +1.88% | |
| Price / MAexp50: | +3.57% | |
| Price / MAexp100: | +5.59% |
This member declared not having a position on this financial instrument or a related financial instrument.
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