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S&P400 - MINI S&P400 FULL0624
S&P400 - MINI S&P400 FULL0624
- USD (-)
- 10 min delayed data - CME E-mini Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Futures
Ticker: MCXXXX
ISIN: MCXXXX

S&P400 - MINI S&P400 FULL0624 - 1H - Technical analysis published on 06/14/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 2,745.46 USD
My targets
2,713.60 USD (-0.41%)
2,691.20 USD (-1.24%)
My analysis
S&P400 - MINI S&P400 FULL0921 is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 2,745.46 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 2,713.60 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 2,691.20 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 2,624.37 USD. Beware of a possible return to above the resistance located at 2,745.46 USD which would be a sign of a correction of the short-term bearish excesses registered.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.9

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The S&P400 - MINI S&P400 FULL0921 price is 2,724.90 USD. On the day, this instrument lost -0.76% and was between 2,724.00 USD and 2,756.50 USD. This implies that the price is at +0.03% from its lowest and at -1.15% from its highest.

2,724.00
2,756.50
2,724.90

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

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&P400 - MINI S&P400 FULL0921 indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Long black line

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,624.37 2,691.20 2,713.60 2,724.90 2,729.63 2,745.46 2,753.24
Change (%) -3.69% -1.24% -0.41% - +0.17% +0.75% +1.04%
Change -100.53 -33.70 -11.30 - +4.73 +20.56 +28.34
Level Major Minor Minor - Major Minor 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
Standard2,707.572,716.132,730.972,739.532,754.372,762.932,777.77
Camarilla2,739.372,741.512,743.662,745.802,747.952,750.092,752.24
Woodie2,710.702,717.702,734.102,741.102,757.502,764.502,780.90
Fibonacci2,716.132,725.072,730.602,739.532,748.472,754.002,762.93


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,682.132,697.872,721.832,737.572,761.532,777.272,801.23
Camarilla2,734.882,738.522,742.162,745.802,749.442,753.082,756.72
Woodie2,686.252,699.932,725.952,739.632,765.652,779.332,805.35
Fibonacci2,697.872,713.032,722.402,737.572,752.732,762.102,777.27


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,467.132,536.572,639.132,708.572,811.132,880.572,983.13
Camarilla2,694.402,710.172,725.932,741.702,757.472,773.232,789.00
Woodie2,483.702,544.852,655.702,716.852,827.702,888.852,999.70
Fibonacci2,536.572,602.272,642.862,708.572,774.272,814.862,880.57

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): 35.25
MACD (12,26,9): 0.9700
Directional Movement: -16.71
AROON (14): -50.00
DEMA (21): 2,746.55
Parabolic SAR (0,02-0,02-0,2): 2,753.51
Elder Ray (13): -9.96
Super Trend (3,10): 2,750.59
Zig ZAG (10): 2,735.30
VORTEX (21): 0.9900
Stochastique (14,3,5): 17.55
TEMA (21): 2,741.81
Williams %R (14): -81.73
Chande Momentum Oscillator (20): -20.80
Repulse (5,40,3): -0.4800
ROCnROLL: 2
TRIX (15,9): 0.0100
Courbe Coppock: 0.50
MA7: 2,733.53
MA20: 2,714.88
MA50: 2,709.41
MA100: 2,622.53
MAexp7: 2,739.09
MAexp20: 2,744.11
MAexp50: 2,740.91
MAexp100: 2,737.51
Price / MA7: -0.32%
Price / MA20: +0.37%
Price / MA50: +0.57%
Price / MA100: +3.90%
Price / MAexp7: -0.52%
Price / MAexp20: -0.70%
Price / MAexp50: -0.58%
Price / MAexp100: -0.46%

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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