S&P500 - MINI S&P500 FULL0624
S&P500 - MINI S&P500 FULL0624
- USD (-)
- 10 min delayed data - CME E-mini Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Futures
Ticker: ESXXXX
ISIN: ESXXXX

S&P500 - MINI S&P500 FULL0624 - 1H - Technical analysis published on 05/26/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 4,179.12 USD
My targets
4,212.75 USD (+0.39%)
4,225.25 USD (+0.69%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on S&P500 - MINI S&P500 FULL0621 as long as the price remains well above 4,179.12 USD. The buyers' bullish objective is set at 4,212.75 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4,225.25 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.5

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

S&P500 - MINI S&P500 FULL0621 rating 4,196.50 USD. The price has increased by +0.26% since the last closing with the lowest point at 4,180.50 USD and the highest point at 4,204.25 USD. The deviation from the price is +0.38% for the low point and -0.18% for the high point.

4,180.50
4,204.25
4,196.50

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by S&P500 - MINI S&P500 FULL0621:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this S&P500 - MINI S&P500 FULL0621 chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 9 are bullish, 5 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 4,112.22 4,142.50 4,179.12 4,196.50 4,212.75 4,225.25
Change (%) -2.01% -1.29% -0.41% - +0.39% +0.69%
Change -84.28 -54.00 -17.38 - +16.25 +28.75
Level Intermediate Minor Major - Intermediate Intermediate



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
Standard4,138.754,159.004,172.254,192.504,205.754,226.004,239.25
Camarilla4,176.294,179.364,182.434,185.504,188.574,191.644,194.71
Woodie4,135.254,157.254,168.754,190.754,202.254,224.254,235.75
Fibonacci4,159.004,171.804,179.704,192.504,205.304,213.204,226.00


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3,947.004,001.254,076.504,130.754,206.004,260.254,335.50
Camarilla4,116.144,128.014,139.884,151.754,163.624,175.494,187.36
Woodie3,957.504,006.504,087.004,136.004,216.504,265.504,346.00
Fibonacci4,001.254,050.724,081.284,130.754,180.224,210.784,260.25


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3,855.833,934.174,054.334,132.674,252.834,331.174,451.33
Camarilla4,119.914,138.114,156.304,174.504,192.704,210.894,229.09
Woodie3,876.753,944.634,075.254,143.134,273.754,341.634,472.25
Fibonacci3,934.174,009.994,056.844,132.674,208.494,255.344,331.17

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): 52.71
MACD (12,26,9): -0.2900
Directional Movement: -5.72
AROON (14): -35.71
DEMA (21): 4,194.98
Parabolic SAR (0,02-0,02-0,2): 4,201.96
Elder Ray (13): 1.43
Super Trend (3,10): 4,208.01
Zig ZAG (10): 4,196.00
VORTEX (21): 1.0200
Stochastique (14,3,5): 40.04
TEMA (21): 4,192.06
Williams %R (14): -35.79
Chande Momentum Oscillator (20): -2.50
Repulse (5,40,3): 0.1100
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.09
MA7: 4,159.36
MA20: 4,162.00
MA50: 4,098.67
MA100: 3,976.55
MAexp7: 4,194.07
MAexp20: 4,195.12
MAexp50: 4,191.04
MAexp100: 4,178.28
Price / MA7: +0.89%
Price / MA20: +0.83%
Price / MA50: +2.39%
Price / MA100: +5.53%
Price / MAexp7: +0.06%
Price / MAexp20: +0.03%
Price / MAexp50: +0.13%
Price / MAexp100: +0.44%

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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