S&P500 - MINI S&P500 FULL0624 - Weekly - Technical analysis published on 01/29/2023 (GMT)
- 99
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 3,943.17 USD
My targets
4,356.50 USD (+6.67%)
4,827.25 USD (+18.19%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade S&P500 - MINI S&P500 FULL0323 with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 3,943.17 USD. The buyers' bullish objective is set at 4,356.50 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4,827.25 USD. If there is a bearish break in the support located at 3,943.17 USD some indecision would arise.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.6
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 palaki06. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0323 rating is 4,084.25 USD. The price registered an increase of +2.40% over 5 days with the lowest point at 3,963.25 USD and the highest point at 4,109.25 USD. The deviation from the price is +3.05% for the low point and -0.61% for the high point.3,963.25
4,109.25
4,084.25
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 S&P500 - MINI S&P500 FULL0323:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Weekly chart of S&P500 - MINI S&P500 FULL0323 indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Weekly
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,186.50 | 2,900.12 | 3,620.50 | 4,084.25 | 4,113.75 | 4,356.50 | 4,827.25 |
| Change (%) | -46.47% | -28.99% | -11.35% | - | +0.72% | +6.67% | +18.19% |
| Change | -1,897.75 | -1,184.13 | -463.75 | - | +29.50 | +272.25 | +743.00 |
| Level | Major | Major | Major | - | Intermediate | 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 | 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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.14 | |
| MACD (12,26,9): | -15.8100 | |
| Directional Movement: | 3.67 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 3,929.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,843.74 | |
| Elder Ray (13): | 70.75 | |
| Super Trend (3,10): | 4,279.89 | |
| Zig ZAG (10): | 4,082.50 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 72.97 | |
| TEMA (21): | 3,983.62 | |
| Williams %R (14): | -21.63 | |
| Chande Momentum Oscillator (20): | 272.50 | |
| Repulse (5,40,3): | 4.9200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1600 | |
| Courbe Coppock: | 8.80 |
| MA7: | 4,023.54 | |
| MA20: | 3,966.10 | |
| MA50: | 3,972.05 | |
| MA100: | 3,904.97 | |
| MAexp7: | 3,986.11 | |
| MAexp20: | 3,968.09 | |
| MAexp50: | 4,050.31 | |
| MAexp100: | 4,021.09 | |
| Price / MA7: | +1.51% | |
| Price / MA20: | +2.98% | |
| Price / MA50: | +2.82% | |
| Price / MA100: | +4.59% | |
| Price / MAexp7: | +2.46% | |
| Price / MAexp20: | +2.93% | |
| Price / MAexp50: | +0.84% | |
| Price / MAexp100: | +1.57% |
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis S&P500 - MINI S&P500 FULL0624 - Weekly