S&P500 - MINI S&P500 FULL0624 - Daily - Technical analysis published on 01/30/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 3,963.82 USD
My targets
4,113.75 USD (+1.83%)
4,228.00 USD (+4.66%)
My analysis
S&P500 - MINI S&P500 FULL0323 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3,963.82 USD. The next resistance located at 4,113.75 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 4,228.00 USD. After this resistance, buyers could then target 4,356.50 USD.
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
6.8
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 price is 4,039.75 USD. On the day, this instrument lost -1.09% and was traded between 4,029.50 USD and 4,086.00 USD over the period. The price is currently at +0.25% from its lowest and -1.13% from its highest.4,029.50
4,086.00
4,039.75
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:
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 Daily chart of S&P500 - MINI S&P500 FULL0323 indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Daily
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,720.00 | 3,840.28 | 3,963.82 | 4,039.75 | 4,113.75 | 4,228.00 | 4,356.50 |
| Change (%) | -7.92% | -4.94% | -1.88% | - | +1.83% | +4.66% | +7.84% |
| Change | -319.75 | -199.47 | -75.93 | - | +74.00 | +188.25 | +316.75 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | Major |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.02 | |
| MACD (12,26,9): | 34.1500 | |
| Directional Movement: | 7.19 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 4,031.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,929.01 | |
| Elder Ray (13): | 44.38 | |
| Super Trend (3,10): | 3,894.10 | |
| Zig ZAG (10): | 4,039.75 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 84.74 | |
| TEMA (21): | 4,059.80 | |
| Williams %R (14): | -33.49 | |
| Chande Momentum Oscillator (20): | 36.25 | |
| Repulse (5,40,3): | 0.2400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 6.01 |
| MA7: | 4,041.32 | |
| MA20: | 3,975.05 | |
| MA50: | 3,973.10 | |
| MA100: | 3,904.82 | |
| MAexp7: | 4,038.41 | |
| MAexp20: | 3,993.59 | |
| MAexp50: | 3,961.70 | |
| MAexp100: | 3,965.60 | |
| Price / MA7: | -0.04% | |
| Price / MA20: | +1.63% | |
| Price / MA50: | +1.68% | |
| Price / MA100: | +3.46% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +1.16% | |
| Price / MAexp50: | +1.97% | |
| Price / MAexp100: | +1.87% |
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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