S&P500 - MINI S&P500 FULL0624 - 1H - Technical analysis published on 01/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
61%
17%
My opinion
Bearish under 4,113.75 USD
My targets
3,996.00 USD (-1.31%)
3,963.82 USD (-2.10%)
My analysis
The strong short-term decline in S&P500 - MINI S&P500 FULL0323 calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 4,113.75 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 3,996.00 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3,963.82 USD as an objective. Crossing it would then enable sellers to target 3,901.75 USD. Be careful, a return to above 4,113.75 USD could jeopardize the reversal.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.6
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Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0323 price is 4,049.00 USD. On the day, this instrument lost -0.86% and was traded between 4,040.00 USD and 4,086.00 USD over the period. The price is currently at +0.22% from its lowest and -0.91% from its highest.4,040.00
4,086.00
4,049.00
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
A study of price movements over other periods shows the following variations:
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 S&P500 - MINI S&P500 FULL0323 in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 3,901.75 | 3,963.82 | 3,996.00 | 4,049.00 | 4,057.17 | 4,113.75 | 4,228.00 |
Change (%) | -3.64% | -2.10% | -1.31% | - | +0.20% | +1.60% | +4.42% |
Change | -147.25 | -85.18 | -53.00 | - | +8.17 | +64.75 | +179.00 |
Level | Minor | Intermediate | Minor | - | Major | 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 | 4,005.92 | 4,031.58 | 4,057.92 | 4,083.58 | 4,109.92 | 4,135.58 | 4,161.92 |
Camarilla | 4,069.95 | 4,074.72 | 4,079.48 | 4,084.25 | 4,089.02 | 4,093.78 | 4,098.55 |
Woodie | 4,006.25 | 4,031.75 | 4,058.25 | 4,083.75 | 4,110.25 | 4,135.75 | 4,162.25 |
Fibonacci | 4,031.58 | 4,051.45 | 4,063.72 | 4,083.58 | 4,103.45 | 4,115.72 | 4,135.58 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3,849.25 | 3,906.25 | 3,995.25 | 4,052.25 | 4,141.25 | 4,198.25 | 4,287.25 |
Camarilla | 4,044.10 | 4,057.48 | 4,070.87 | 4,084.25 | 4,097.63 | 4,111.02 | 4,124.40 |
Woodie | 3,865.25 | 3,914.25 | 4,011.25 | 4,060.25 | 4,157.25 | 4,206.25 | 4,303.25 |
Fibonacci | 3,906.25 | 3,962.02 | 3,996.48 | 4,052.25 | 4,108.02 | 4,142.48 | 4,198.25 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 39.89 | |
MACD (12,26,9): | -5.0200 | |
Directional Movement: | -14.70 | |
AROON (14): | -85.71 | |
DEMA (21): | 4,057.89 | |
Parabolic SAR (0,02-0,02-0,2): | 4,067.11 | |
Elder Ray (13): | -9.53 | |
Super Trend (3,10): | 4,074.87 | |
Zig ZAG (10): | 4,051.00 | |
VORTEX (21): | 0.9200 | |
Stochastique (14,3,5): | 17.82 | |
TEMA (21): | 4,048.60 | |
Williams %R (14): | -74.71 | |
Chande Momentum Oscillator (20): | -23.75 | |
Repulse (5,40,3): | 0.0700 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0000 | |
Courbe Coppock: | 1.50 |
MA7: | 4,043.00 | |
MA20: | 3,975.60 | |
MA50: | 3,973.32 | |
MA100: | 3,904.94 | |
MAexp7: | 4,053.32 | |
MAexp20: | 4,062.18 | |
MAexp50: | 4,059.15 | |
MAexp100: | 4,044.98 | |
Price / MA7: | +0.15% | |
Price / MA20: | +1.85% | |
Price / MA50: | +1.90% | |
Price / MA100: | +3.69% | |
Price / MAexp7: | -0.11% | |
Price / MAexp20: | -0.32% | |
Price / MAexp50: | -0.25% | |
Price / MAexp100: | +0.10% |
Quotes :
-
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.
About author
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…
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