S&P 500 GROWTH - Daily - Technical analysis published on 06/20/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : WITHOUT TARGET
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1,785.51 USD
My targets
-
My analysis
The bullish trend is currently very strong on S&P 500 GROWTH. As long as the price remains above the support at 1,785.51 USD, you could try to benefit from the boom. 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.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
S&P 500 GROWTH rating 1,802.45 USD. The price registered an increase of +0.45% on the session and was traded between 1,789.32 USD and 1,805.64 USD over the period. The price is currently at +0.73% from its lowest and -0.18% from its highest.1,789.32
1,805.64
1,802.45
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Technical
Technical analysis of this Daily chart of S&P 500 GROWTH indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 1,583.76 | 1,667.73 | 1,785.51 | 1,802.45 |
| Change (%) | -12.13% | -7.47% | -0.94% | - |
| Change | -218.69 | -134.72 | -16.94 | - |
| Level | Minor | Major | Major | - |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,776.92 | 1,783.33 | 1,788.84 | 1,795.24 | 1,800.75 | 1,807.16 | 1,812.67 |
| Camarilla | 1,791.07 | 1,792.16 | 1,793.26 | 1,794.35 | 1,795.44 | 1,796.53 | 1,797.62 |
| Woodie | 1,776.47 | 1,783.10 | 1,788.39 | 1,795.02 | 1,800.31 | 1,806.94 | 1,812.22 |
| Fibonacci | 1,783.33 | 1,787.88 | 1,790.69 | 1,795.24 | 1,799.80 | 1,802.61 | 1,807.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,738.12 | 1,752.54 | 1,763.07 | 1,777.49 | 1,788.03 | 1,802.45 | 1,812.98 |
| Camarilla | 1,766.74 | 1,769.03 | 1,771.32 | 1,773.61 | 1,775.89 | 1,778.18 | 1,780.47 |
| Woodie | 1,736.17 | 1,751.57 | 1,761.13 | 1,776.52 | 1,786.08 | 1,801.48 | 1,811.04 |
| Fibonacci | 1,752.54 | 1,762.07 | 1,767.96 | 1,777.49 | 1,787.03 | 1,792.92 | 1,802.45 |
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): | 65.10 | |
| MACD (12,26,9): | 11.3700 | |
| Directional Movement: | 13.92 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 1,774.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,716.42 | |
| Elder Ray (13): | 27.75 | |
| Super Trend (3,10): | 1,742.99 | |
| Zig ZAG (10): | 1,802.45 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 93.68 | |
| TEMA (21): | 1,784.47 | |
| Williams %R (14): | -2.39 | |
| Chande Momentum Oscillator (20): | 120.79 | |
| Repulse (5,40,3): | 0.6400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 6.68 |
| MA7: | 1,781.42 | |
| MA20: | 1,749.55 | |
| MA50: | 1,760.49 | |
| MA100: | 1,722.74 | |
| MAexp7: | 1,781.83 | |
| MAexp20: | 1,762.93 | |
| MAexp50: | 1,749.53 | |
| MAexp100: | 1,725.06 | |
| Price / MA7: | +1.18% | |
| Price / MA20: | +3.02% | |
| Price / MA50: | +2.38% | |
| Price / MA100: | +4.63% | |
| Price / MAexp7: | +1.16% | |
| Price / MAexp20: | +2.24% | |
| Price / MAexp50: | +3.02% | |
| Price / MAexp100: | +4.49% |
This member declared not having a position on this financial instrument or a related financial instrument.
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