S&P500 - MINI S&P500 FULL0624 - 1H - Technical analysis published on 06/08/2023 (GMT)
- 77
- 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 : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
33%
17%
50%
My opinion
Bearish under 4,285.25 USD
My targets
4,243.08 USD (-0.69%)
4,220.72 USD (-1.21%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on S&P500 - MINI S&P500 FULL0623 as long as the price remains well below 4,285.25 USD. The next bearish objective for sellers is set at 4,243.08 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4,220.72 USD. In case of crossing, the next objective would be the support located at 4,189.50 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2
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 FULL0623 rating is 4,272.50 USD. The price is lower by -0.04% since the last closing and was traded between 4,262.75 USD and 4,279.00 USD over the period. The price is currently at +0.23% from its lowest and -0.15% from its highest.4,262.75
4,279.00
4,272.50
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 (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of S&P500 - MINI S&P500 FULL0623 indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 9 are neutral and 3 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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 | 4,220.72 | 4,243.08 | 4,268.65 | 4,272.50 | 4,285.25 | 4,305.25 | 4,393.00 |
| Change (%) | -1.21% | -0.69% | -0.09% | - | +0.30% | +0.77% | +2.82% |
| Change | -51.78 | -29.42 | -3.85 | - | +12.75 | +32.75 | +120.50 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,225.25 | 4,247.25 | 4,260.75 | 4,282.75 | 4,296.25 | 4,318.25 | 4,331.75 |
| Camarilla | 4,264.49 | 4,267.74 | 4,271.00 | 4,274.25 | 4,277.50 | 4,280.76 | 4,284.01 |
| Woodie | 4,221.00 | 4,245.13 | 4,256.50 | 4,280.63 | 4,292.00 | 4,316.13 | 4,327.50 |
| Fibonacci | 4,247.25 | 4,260.81 | 4,269.19 | 4,282.75 | 4,296.31 | 4,304.69 | 4,318.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,085.00 | 4,129.50 | 4,208.75 | 4,253.25 | 4,332.50 | 4,377.00 | 4,456.25 |
| Camarilla | 4,253.97 | 4,265.31 | 4,276.66 | 4,288.00 | 4,299.34 | 4,310.69 | 4,322.03 |
| Woodie | 4,102.38 | 4,138.19 | 4,226.13 | 4,261.94 | 4,349.88 | 4,385.69 | 4,473.63 |
| Fibonacci | 4,129.50 | 4,176.77 | 4,205.98 | 4,253.25 | 4,300.52 | 4,329.73 | 4,377.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,931.42 | 3,996.83 | 4,112.42 | 4,177.83 | 4,293.42 | 4,358.83 | 4,474.42 |
| Camarilla | 4,178.23 | 4,194.82 | 4,211.41 | 4,228.00 | 4,244.59 | 4,261.18 | 4,277.78 |
| Woodie | 3,956.50 | 4,009.38 | 4,137.50 | 4,190.38 | 4,318.50 | 4,371.38 | 4,499.50 |
| Fibonacci | 3,996.83 | 4,065.98 | 4,108.69 | 4,177.83 | 4,246.98 | 4,289.69 | 4,358.83 |
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): | 44.20 | |
| MACD (12,26,9): | -2.4900 | |
| Directional Movement: | 1.01 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 4,271.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,265.41 | |
| Elder Ray (13): | 0.42 | |
| Super Trend (3,10): | 4,286.14 | |
| Zig ZAG (10): | 4,272.00 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 70.10 | |
| TEMA (21): | 4,270.90 | |
| Williams %R (14): | -41.54 | |
| Chande Momentum Oscillator (20): | -2.00 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.07 |
| MA7: | 4,260.57 | |
| MA20: | 4,206.27 | |
| MA50: | 4,168.38 | |
| MA100: | 4,115.07 | |
| MAexp7: | 4,273.42 | |
| MAexp20: | 4,274.80 | |
| MAexp50: | 4,277.50 | |
| MAexp100: | 4,269.48 | |
| Price / MA7: | +0.28% | |
| Price / MA20: | +1.57% | |
| Price / MA50: | +2.50% | |
| Price / MA100: | +3.83% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | +0.07% |
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 - 1H