S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 01/27/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
22%
22%
56%
My opinion
Bullish above 4,042.83 USD
My targets
4,092.58 USD (+0.79%)
4,109.67 USD (+1.21%)
My analysis
With a bullish background trend, the price of S&P500 - MINI S&P500 FULL0323 is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 4,042.83 USD. A bullish break in the resistance located at 4,092.58 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 4,109.67 USD. Then 4,142.33 USD by extension. It would be safer to wait for a bullish break in the resistance located at 4,092.58 USD before allowing yourself to re trade long positions (at purchase) on S&P500 - MINI S&P500 FULL0323. PS: if there is a bearish break in the support located at 4,042.83 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
1.1
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Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0323 price is 4,060.50 USD. On the day, this instrument lost -0.37% and was between 4,057.25 USD and 4,070.25 USD. This implies that the price is at +0.08% from its lowest and at -0.24% from its highest.4,057.25
4,070.25
4,060.50
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by S&P500 - MINI S&P500 FULL0323:
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 15 min. chart of S&P500 - MINI S&P500 FULL0323 indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 15 minutes
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,963.82 | 4,000.85 | 4,034.63 | 4,060.50 | 4,077.00 | 4,113.75 | 4,228.00 |
| Change (%) | -2.38% | -1.47% | -0.64% | - | +0.41% | +1.31% | +4.13% |
| Change | -96.68 | -59.65 | -25.87 | - | +16.50 | +53.25 | +167.50 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | 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 | 3,993.08 | 4,010.17 | 4,042.83 | 4,059.92 | 4,092.58 | 4,109.67 | 4,142.33 |
| Camarilla | 4,061.82 | 4,066.38 | 4,070.94 | 4,075.50 | 4,080.06 | 4,084.62 | 4,089.18 |
| Woodie | 4,000.88 | 4,014.06 | 4,050.63 | 4,063.81 | 4,100.38 | 4,113.56 | 4,150.13 |
| Fibonacci | 4,010.17 | 4,029.17 | 4,040.91 | 4,059.92 | 4,078.92 | 4,090.66 | 4,109.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,781.58 | 3,841.67 | 3,915.08 | 3,975.17 | 4,048.58 | 4,108.67 | 4,182.08 |
| Camarilla | 3,951.79 | 3,964.03 | 3,976.26 | 3,988.50 | 4,000.74 | 4,012.98 | 4,025.21 |
| Woodie | 3,788.25 | 3,845.00 | 3,921.75 | 3,978.50 | 4,055.25 | 4,112.00 | 4,188.75 |
| Fibonacci | 3,841.67 | 3,892.66 | 3,924.17 | 3,975.17 | 4,026.16 | 4,057.67 | 4,108.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,314.83 | 3,551.67 | 3,706.33 | 3,943.17 | 4,097.83 | 4,334.67 | 4,489.33 |
| Camarilla | 3,753.34 | 3,789.23 | 3,825.11 | 3,861.00 | 3,896.89 | 3,932.78 | 3,968.66 |
| Woodie | 3,273.75 | 3,531.13 | 3,665.25 | 3,922.63 | 4,056.75 | 4,314.13 | 4,448.25 |
| Fibonacci | 3,551.67 | 3,701.22 | 3,793.61 | 3,943.17 | 4,092.72 | 4,185.11 | 4,334.67 |
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): | 51.96 | |
| MACD (12,26,9): | 0.2700 | |
| Directional Movement: | 5.15 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 4,064.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,068.50 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 4,057.57 | |
| Zig ZAG (10): | 4,061.25 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 41.92 | |
| TEMA (21): | 4,062.79 | |
| Williams %R (14): | -82.98 | |
| Chande Momentum Oscillator (20): | -4.50 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.04 |
| MA7: | 4,020.14 | |
| MA20: | 3,964.94 | |
| MA50: | 3,971.59 | |
| MA100: | 3,904.74 | |
| MAexp7: | 4,063.03 | |
| MAexp20: | 4,063.86 | |
| MAexp50: | 4,062.74 | |
| MAexp100: | 4,057.77 | |
| Price / MA7: | +1.00% | |
| Price / MA20: | +2.41% | |
| Price / MA50: | +2.24% | |
| Price / MA100: | +3.99% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | +0.07% |
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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