S&P 500 FINANCIALS - Daily - Technical analysis published on 06/20/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 441.59 USD
My targets
453.09 USD (+0.41%)
464.99 USD (+3.04%)
My analysis
The bullish trend is currently very strong on S&P 500 FINANCIALS. As long as the price remains above the support at 441.59 USD, you could try to benefit from the boom. The first bullish objective is located at 453.09 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 464.99 USD as an objective. Crossing it would then enable buyers to target 479.29 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
S&P 500 FINANCIALS rating 451.26 USD. The price registered a decrease of -0.21% on the session and was between 451.05 USD and 456.22 USD. This implies that the price is at +0.05% from its lowest and at -1.09% from its highest.451.05
456.22
451.26
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this S&P 500 FINANCIALS chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 418.85 | 430.37 | 441.59 | 451.26 | 453.09 | 464.99 | 479.29 |
| Change (%) | -7.18% | -4.63% | -2.14% | - | +0.41% | +3.04% | +6.21% |
| Change | -32.41 | -20.89 | -9.67 | - | +1.83 | +13.73 | +28.03 |
| Level | Intermediate | Major | Minor | - | Major | Intermediate | Intermediate |
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 | 439.91 | 443.13 | 447.66 | 450.88 | 455.41 | 458.63 | 463.16 |
| Camarilla | 450.07 | 450.78 | 451.49 | 452.20 | 452.91 | 453.62 | 454.33 |
| Woodie | 440.58 | 443.46 | 448.33 | 451.21 | 456.08 | 458.96 | 463.83 |
| Fibonacci | 443.13 | 446.09 | 447.92 | 450.88 | 453.84 | 455.67 | 458.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 435.94 | 441.30 | 445.92 | 451.28 | 455.90 | 461.26 | 465.88 |
| Camarilla | 447.81 | 448.72 | 449.64 | 450.55 | 451.46 | 452.38 | 453.29 |
| Woodie | 435.58 | 441.11 | 445.56 | 451.10 | 455.54 | 461.08 | 465.52 |
| Fibonacci | 441.30 | 445.11 | 447.46 | 451.28 | 455.09 | 457.44 | 461.26 |
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): | 54.32 | |
| MACD (12,26,9): | 1.0100 | |
| Directional Movement: | 6.36 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 448.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 444.93 | |
| Elder Ray (13): | 5.07 | |
| Super Trend (3,10): | 435.98 | |
| Zig ZAG (10): | 451.26 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 75.21 | |
| TEMA (21): | 449.70 | |
| Williams %R (14): | -19.88 | |
| Chande Momentum Oscillator (20): | 17.66 | |
| Repulse (5,40,3): | -0.3700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 4.44 |
| MA7: | 450.10 | |
| MA20: | 445.39 | |
| MA50: | 449.64 | |
| MA100: | 442.01 | |
| MAexp7: | 449.81 | |
| MAexp20: | 447.96 | |
| MAexp50: | 446.31 | |
| MAexp100: | 442.94 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | +1.32% | |
| Price / MA50: | +0.36% | |
| Price / MA100: | +2.09% | |
| Price / MAexp7: | +0.32% | |
| Price / MAexp20: | +0.74% | |
| Price / MAexp50: | +1.11% | |
| Price / MAexp100: | +1.88% |
This member declared not having a position on this financial instrument or a related financial instrument.
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