S&P GLOB 1200 CONS. STAPLES SECTOR - Daily - Technical analysis published on 06/13/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 3,491.48 USD
My targets
3,305.69 USD (-2.50%)
3,190.23 USD (-5.90%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on S&P GLOB 1200 CONS. STAPLES SECTOR as long as the price remains well below 3,491.48 USD. The sellers' bearish objective is set at 3,305.69 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3,190.23 USD. In case of crossing, the next objective would be the support located at 3,144.99 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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Additional analysis
Quotes
S&P GLOB 1200 CONS. STAPLES SECTOR rating 3,390.41 USD. The price is lower by -0.03% since the last closing and was traded between 3,378.88 USD and 3,401.42 USD over the period. The price is currently at +0.34% from its lowest and -0.32% from its highest.3,378.88
3,401.42
3,390.41
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by S&P GLOB 1200 CONS. STAPLES SECTOR:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this S&P GLOB 1200 CONS. STAPLES SECTOR chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
MACD crosses UP its Moving Average
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 | 3,305.69 | 3,370.88 | 3,390.41 | 3,491.48 | 3,613.74 | 3,692.00 |
| Change (%) | -5.90% | -2.50% | -0.58% | - | +2.98% | +6.59% | +8.90% |
| Change | -200.18 | -84.72 | -19.53 | - | +101.07 | +223.33 | +301.59 |
| Level | Minor | Major | Major | - | Major | Intermediate | 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 | 3,374.63 | 3,381.56 | 3,393.65 | 3,400.58 | 3,412.67 | 3,419.60 | 3,431.69 |
| Camarilla | 3,400.51 | 3,402.25 | 3,404.00 | 3,405.74 | 3,407.48 | 3,409.23 | 3,410.97 |
| Woodie | 3,377.21 | 3,382.85 | 3,396.23 | 3,401.87 | 3,415.25 | 3,420.89 | 3,434.27 |
| Fibonacci | 3,381.56 | 3,388.83 | 3,393.31 | 3,400.58 | 3,407.85 | 3,412.33 | 3,419.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,317.25 | 3,344.93 | 3,367.99 | 3,395.67 | 3,418.73 | 3,446.41 | 3,469.47 |
| Camarilla | 3,377.10 | 3,381.75 | 3,386.40 | 3,391.05 | 3,395.70 | 3,400.35 | 3,405.00 |
| Woodie | 3,314.94 | 3,343.78 | 3,365.68 | 3,394.52 | 3,416.42 | 3,445.26 | 3,467.16 |
| Fibonacci | 3,344.93 | 3,364.31 | 3,376.29 | 3,395.67 | 3,415.05 | 3,427.03 | 3,446.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,004.16 | 3,179.34 | 3,271.59 | 3,446.77 | 3,539.02 | 3,714.20 | 3,806.45 |
| Camarilla | 3,290.29 | 3,314.80 | 3,339.32 | 3,363.83 | 3,388.34 | 3,412.86 | 3,437.37 |
| Woodie | 2,962.69 | 3,158.61 | 3,230.12 | 3,426.04 | 3,497.55 | 3,693.47 | 3,764.98 |
| Fibonacci | 3,179.34 | 3,281.50 | 3,344.62 | 3,446.77 | 3,548.93 | 3,612.05 | 3,714.20 |
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): | 36.36 | |
| MACD (12,26,9): | -37.9000 | |
| Directional Movement: | -23.78 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 3,379.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,362.39 | |
| Elder Ray (13): | -14.46 | |
| Super Trend (3,10): | 3,449.66 | |
| Zig ZAG (10): | 3,395.20 | |
| VORTEX (21): | 0.6800 | |
| Stochastique (14,3,5): | 34.39 | |
| TEMA (21): | 3,355.83 | |
| Williams %R (14): | -53.58 | |
| Chande Momentum Oscillator (20): | -30.59 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1700 | |
| Courbe Coppock: | 5.08 |
| MA7: | 3,392.29 | |
| MA20: | 3,426.28 | |
| MA50: | 3,515.28 | |
| MA100: | 3,448.96 | |
| MAexp7: | 3,394.20 | |
| MAexp20: | 3,429.09 | |
| MAexp50: | 3,464.53 | |
| MAexp100: | 3,450.55 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | -1.05% | |
| Price / MA50: | -3.55% | |
| Price / MA100: | -1.70% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -1.13% | |
| Price / MAexp50: | -2.14% | |
| Price / MAexp100: | -1.74% |
Quotes :
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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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