S&P 500 FINANCIALS - Daily - Technical analysis published on 12/17/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 502.58 USD
My targets
516.57 USD (+1.35%)
532.45 USD (+4.47%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on S&P 500 FINANCIALS as long as the price remains well above 502.58 USD. The buyers” bullish objective is set at 516.57 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 532.45 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.4
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
The S&P 500 FINANCIALS rating is 509.67 USD. The price registered an increase of +0.40% on the session with the lowest point at 507.63 USD and the highest point at 512.94 USD. The deviation from the price is +0.40% for the low point and -0.64% for the high point.507.63
512.94
509.67
Here is a more detailed summary of the historical variations registered by S&P 500 FINANCIALS:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of S&P 500 FINANCIALS 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 market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
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
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 476.08 | 502.58 | 509.47 | 509.67 |
| Change (%) | -6.59% | -1.39% | -0.04% | - |
| Change | -33.59 | -7.09 | -0.20 | - |
| Level | Minor | 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 | 497.47 | 501.34 | 504.49 | 508.36 | 511.51 | 515.38 | 518.53 |
| Camarilla | 505.70 | 506.34 | 506.99 | 507.63 | 508.27 | 508.92 | 509.56 |
| Woodie | 497.10 | 501.16 | 504.12 | 508.18 | 511.14 | 515.20 | 518.16 |
| Fibonacci | 501.34 | 504.03 | 505.68 | 508.36 | 511.05 | 512.70 | 515.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 486.68 | 492.72 | 500.17 | 506.21 | 513.66 | 519.70 | 527.15 |
| Camarilla | 503.92 | 505.16 | 506.39 | 507.63 | 508.87 | 510.10 | 511.34 |
| Woodie | 487.40 | 493.07 | 500.89 | 506.56 | 514.38 | 520.05 | 527.87 |
| Fibonacci | 492.72 | 497.87 | 501.05 | 506.21 | 511.36 | 514.54 | 519.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 458.38 | 467.19 | 483.07 | 491.88 | 507.76 | 516.57 | 532.45 |
| Camarilla | 492.17 | 494.43 | 496.70 | 498.96 | 501.22 | 503.49 | 505.75 |
| Woodie | 461.93 | 468.96 | 486.62 | 493.65 | 511.31 | 518.34 | 536.00 |
| Fibonacci | 467.19 | 476.62 | 482.45 | 491.88 | 501.31 | 507.14 | 516.57 |
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): | 68.28 | |
| MACD (12,26,9): | 5.8500 | |
| Directional Movement: | 17.58 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 506.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 489.82 | |
| Elder Ray (13): | 8.55 | |
| Super Trend (3,10): | 494.89 | |
| Zig ZAG (10): | 509.67 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 88.37 | |
| TEMA (21): | 506.77 | |
| Williams %R (14): | -12.16 | |
| Chande Momentum Oscillator (20): | 9.64 | |
| Repulse (5,40,3): | 0.8200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 3.48 |
| MA7: | 504.58 | |
| MA20: | 498.55 | |
| MA50: | 484.65 | |
| MA100: | 469.32 | |
| MAexp7: | 504.86 | |
| MAexp20: | 498.80 | |
| MAexp50: | 487.62 | |
| MAexp100: | 475.67 | |
| Price / MA7: | +1.01% | |
| Price / MA20: | +2.23% | |
| Price / MA50: | +5.16% | |
| Price / MA100: | +8.60% | |
| Price / MAexp7: | +0.95% | |
| Price / MAexp20: | +2.18% | |
| Price / MAexp50: | +4.52% | |
| Price / MAexp100: | +7.15% |
This member declared not having a position on this financial instrument or a related financial instrument.
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