S&P GLOB 1200 CONS. STAPLES SECTOR - Daily - Technical analysis published on 01/13/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 3,372.21 USD
My targets
3,485.07 USD (+1.59%)
3,572.05 USD (+4.13%)
My analysis
S&P GLOB 1200 CONS. STAPLES SECTOR 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 3,372.21 USD. The next resistance located at 3,485.07 USD is the next bullish objective 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 3,572.05 USD. After this resistance, buyers could then target 3,642.34 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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Additional analysis
Quotes
The S&P GLOB 1200 CONS. STAPLES SECTOR price is 3,430.37 USD. On the day, this instrument lost -0.03% and was traded between 3,418.56 USD and 3,448.73 USD over the period. The price is currently at +0.35% from its lowest and -0.53% from its highest.3,418.56
3,448.73
3,430.37
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of S&P GLOB 1200 CONS. STAPLES SECTOR in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
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 | 3,190.23 | 3,274.87 | 3,372.21 | 3,430.37 | 3,433.17 | 3,485.07 | 3,572.05 |
| Change (%) | -7.00% | -4.53% | -1.70% | - | +0.08% | +1.59% | +4.13% |
| Change | -240.14 | -155.50 | -58.16 | - | +2.80 | +54.70 | +141.68 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,418.69 | 3,422.51 | 3,429.88 | 3,433.70 | 3,441.07 | 3,444.89 | 3,452.26 |
| Camarilla | 3,434.16 | 3,435.19 | 3,436.21 | 3,437.24 | 3,438.27 | 3,439.29 | 3,440.32 |
| Woodie | 3,420.46 | 3,423.40 | 3,431.65 | 3,434.59 | 3,442.84 | 3,445.78 | 3,454.03 |
| Fibonacci | 3,422.51 | 3,426.79 | 3,429.43 | 3,433.70 | 3,437.98 | 3,440.62 | 3,444.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,284.06 | 3,319.18 | 3,381.70 | 3,416.82 | 3,479.34 | 3,514.46 | 3,576.98 |
| Camarilla | 3,417.37 | 3,426.32 | 3,435.27 | 3,444.22 | 3,453.17 | 3,462.12 | 3,471.07 |
| Woodie | 3,297.76 | 3,326.03 | 3,395.40 | 3,423.67 | 3,493.04 | 3,521.31 | 3,590.68 |
| Fibonacci | 3,319.18 | 3,356.48 | 3,379.52 | 3,416.82 | 3,454.12 | 3,477.16 | 3,514.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,192.02 | 3,275.29 | 3,329.93 | 3,413.20 | 3,467.84 | 3,551.11 | 3,605.75 |
| Camarilla | 3,346.65 | 3,359.29 | 3,371.93 | 3,384.57 | 3,397.21 | 3,409.85 | 3,422.50 |
| Woodie | 3,177.71 | 3,268.13 | 3,315.62 | 3,406.04 | 3,453.53 | 3,543.95 | 3,591.44 |
| Fibonacci | 3,275.29 | 3,327.97 | 3,360.52 | 3,413.20 | 3,465.88 | 3,498.43 | 3,551.11 |
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): | 56.49 | |
| MACD (12,26,9): | 12.9200 | |
| Directional Movement: | 7.46 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 3,432.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,375.20 | |
| Elder Ray (13): | 10.72 | |
| Super Trend (3,10): | 3,361.45 | |
| Zig ZAG (10): | 3,435.74 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 67.54 | |
| TEMA (21): | 3,423.67 | |
| Williams %R (14): | -30.30 | |
| Chande Momentum Oscillator (20): | 34.97 | |
| Repulse (5,40,3): | 0.2400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.75 |
| MA7: | 3,435.66 | |
| MA20: | 3,408.15 | |
| MA50: | 3,394.69 | |
| MA100: | 3,281.40 | |
| MAexp7: | 3,427.72 | |
| MAexp20: | 3,414.53 | |
| MAexp50: | 3,377.07 | |
| MAexp100: | 3,344.91 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | +0.65% | |
| Price / MA50: | +1.05% | |
| Price / MA100: | +4.54% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | +1.58% | |
| Price / MAexp100: | +2.55% |
Quotes :
-
End-of-day data
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S&P Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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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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