SPDR - UTILITIES - Daily - Technical analysis published on 09/25/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 74.31 USD
My targets
70.98 USD (-1.09%)
66.56 USD (-7.25%)
My analysis
The strong short-term decline of SPDR - UTILITIES reinforces the current slightly bearish trend. As long as the price remains below 74.31 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 70.98 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 66.56 USD as an objective. Crossing it would then enable sellers to target 64.90 USD. A return to above 74.31 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
3.9
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This analysis was given by Clay707. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SPDR - UTILITIES price is 71.76 USD. The price registered a decrease of -1.16% on the session and was between 70.84 USD and 71.99 USD. This implies that the price is at +1.30% from its lowest and at -0.32% from its highest.70.84
71.99
71.76
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of SPDR - UTILITIES in Daily shows an overall slightly bearish trend. 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 a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 64.90 | 66.56 | 70.98 | 71.76 | 74.31 | 75.37 | 76.96 |
| Change (%) | -9.56% | -7.25% | -1.09% | - | +3.55% | +5.03% | +7.25% |
| Change | -6.86 | -5.20 | -0.78 | - | +2.55 | +3.61 | +5.20 |
| Level | Major | Minor | Major | - | Major | Minor | Major |
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 | 69.92 | 70.38 | 71.07 | 71.53 | 72.22 | 72.68 | 73.37 |
| Camarilla | 71.44 | 71.55 | 71.66 | 71.76 | 71.87 | 71.97 | 72.08 |
| Woodie | 70.04 | 70.44 | 71.19 | 71.59 | 72.34 | 72.74 | 73.49 |
| Fibonacci | 70.38 | 70.82 | 71.09 | 71.53 | 71.97 | 72.24 | 72.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 65.95 | 68.39 | 70.08 | 72.52 | 74.21 | 76.65 | 78.34 |
| Camarilla | 70.62 | 71.00 | 71.38 | 71.76 | 72.14 | 72.52 | 72.90 |
| Woodie | 65.57 | 68.20 | 69.70 | 72.33 | 73.83 | 76.46 | 77.96 |
| Fibonacci | 68.39 | 69.97 | 70.95 | 72.52 | 74.10 | 75.08 | 76.65 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.53 | 69.57 | 71.96 | 75.00 | 77.39 | 80.43 | 82.82 |
| Camarilla | 72.85 | 73.35 | 73.84 | 74.34 | 74.84 | 75.34 | 75.83 |
| Woodie | 66.20 | 69.41 | 71.63 | 74.84 | 77.06 | 80.27 | 82.49 |
| Fibonacci | 69.57 | 71.65 | 72.93 | 75.00 | 77.08 | 78.36 | 80.43 |
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): | 34.83 | |
| MACD (12,26,9): | -0.5500 | |
| Directional Movement: | -20.98 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 74.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 76.36 | |
| Elder Ray (13): | -2.92 | |
| Super Trend (3,10): | 75.66 | |
| Zig ZAG (10): | 71.76 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 6.45 | |
| TEMA (21): | 73.17 | |
| Williams %R (14): | -87.53 | |
| Chande Momentum Oscillator (20): | -5.37 | |
| Repulse (5,40,3): | -1.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 4.88 |
| MA7: | 73.61 | |
| MA20: | 75.16 | |
| MA50: | 74.37 | |
| MA100: | 72.64 | |
| MAexp7: | 73.49 | |
| MAexp20: | 74.72 | |
| MAexp50: | 74.31 | |
| MAexp100: | 73.24 | |
| Price / MA7: | -2.51% | |
| Price / MA20: | -4.52% | |
| Price / MA50: | -3.51% | |
| Price / MA100: | -1.21% | |
| Price / MAexp7: | -2.35% | |
| Price / MAexp20: | -3.96% | |
| Price / MAexp50: | -3.43% | |
| Price / MAexp100: | -2.02% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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