S&P GLOB 1200 COMMUNICATION SERV. SECT - Daily - Technical analysis published on 12/05/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1,120.18 USD
My targets
1,249.29 USD (+5.92%)
1,293.85 USD (+9.70%)
My analysis
S&P GLOB 1200 COMMUNICATION SERV. SECT 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 1,120.18 USD. The next resistance located at 1,249.29 USD is the next bullish target 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 1,293.85 USD. After this resistance, buyers could then target 1,347.12 USD.
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
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The S&P GLOB 1200 COMMUNICATION SERV. SECT price is 1,179.49 USD. On the day, this instrument lost -0.01% and was traded between 1,164.85 USD and 1,181.84 USD over the period. The price is currently at +1.26% from its lowest and -0.20% from its highest.1,164.85
1,181.84
1,179.49
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this S&P GLOB 1200 COMMUNICATION SERV. SECT chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
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 | 1,022.25 | 1,086.62 | 1,173.23 | 1,179.49 | 1,249.29 | 1,293.85 | 1,347.12 |
| Change (%) | -13.33% | -7.87% | -0.53% | - | +5.92% | +9.70% | +14.21% |
| Change | -157.24 | -92.87 | -6.26 | - | +69.80 | +114.36 | +167.63 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,172.74 | 1,175.88 | 1,180.87 | 1,184.01 | 1,189.00 | 1,192.14 | 1,197.13 |
| Camarilla | 1,183.62 | 1,184.37 | 1,185.12 | 1,185.86 | 1,186.61 | 1,187.35 | 1,188.10 |
| Woodie | 1,173.67 | 1,176.34 | 1,181.80 | 1,184.47 | 1,189.93 | 1,192.60 | 1,198.06 |
| Fibonacci | 1,175.88 | 1,178.99 | 1,180.90 | 1,184.01 | 1,187.12 | 1,189.03 | 1,192.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,172.74 | 1,175.88 | 1,180.87 | 1,184.01 | 1,189.00 | 1,192.14 | 1,197.13 |
| Camarilla | 1,183.62 | 1,184.37 | 1,185.12 | 1,185.86 | 1,186.61 | 1,187.35 | 1,188.10 |
| Woodie | 1,173.67 | 1,176.34 | 1,181.80 | 1,184.47 | 1,189.93 | 1,192.60 | 1,198.06 |
| Fibonacci | 1,175.88 | 1,178.99 | 1,180.90 | 1,184.01 | 1,187.12 | 1,189.03 | 1,192.14 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 919.92 | 970.01 | 1,070.09 | 1,120.18 | 1,220.26 | 1,270.35 | 1,370.43 |
| Camarilla | 1,128.87 | 1,142.64 | 1,156.40 | 1,170.17 | 1,183.94 | 1,197.70 | 1,211.47 |
| Woodie | 944.92 | 982.51 | 1,095.09 | 1,132.68 | 1,245.26 | 1,282.85 | 1,395.43 |
| Fibonacci | 970.01 | 1,027.38 | 1,062.82 | 1,120.18 | 1,177.55 | 1,212.99 | 1,270.35 |
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): | 65.59 | |
| MACD (12,26,9): | 16.7700 | |
| Directional Movement: | 13.49 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 1,158.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,126.55 | |
| Elder Ray (13): | 30.65 | |
| Super Trend (3,10): | 1,129.95 | |
| Zig ZAG (10): | 1,180.03 | |
| VORTEX (21): | 1.3200 | |
| Stochastique (14,3,5): | 92.85 | |
| TEMA (21): | 1,174.20 | |
| Williams %R (14): | -10.44 | |
| Chande Momentum Oscillator (20): | 45.31 | |
| Repulse (5,40,3): | 2.3800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 5.46 |
| MA7: | 1,153.11 | |
| MA20: | 1,141.04 | |
| MA50: | 1,107.67 | |
| MA100: | 1,172.90 | |
| MAexp7: | 1,159.66 | |
| MAexp20: | 1,138.48 | |
| MAexp50: | 1,133.33 | |
| MAexp100: | 1,175.99 | |
| Price / MA7: | +2.29% | |
| Price / MA20: | +3.37% | |
| Price / MA50: | +6.48% | |
| Price / MA100: | +0.56% | |
| Price / MAexp7: | +1.71% | |
| Price / MAexp20: | +3.60% | |
| Price / MAexp50: | +4.07% | |
| Price / MAexp100: | +0.30% |
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.
About author
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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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