S&P 500 ENERGY - Daily - Technical analysis published on 06/20/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 470.36 USD
My targets
454.27 USD (-0.52%)
432.10 USD (-5.38%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 470.36 USD remains possible. It is advisable to trade S&P 500 ENERGY with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 470.36 USD. The next bearish objective for sellers is set at 454.27 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 432.10 USD. In case of crossing, the next objective would be the support located at 388.58 USD. PS: if there is a bullish break in the resistance located at 470.36 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
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 ENERGY price is 456.65 USD. The price is lower by -0.22% since the last closing and was between 454.58 USD and 459.52 USD. This implies that the price is at +0.46% from its lowest and at -0.62% from its highest.454.58
459.52
456.65
Here is a more detailed summary of the historical variations registered by S&P 500 ENERGY:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of S&P 500 ENERGY indicates that the overall trend is bearish. The signals given by moving averages are 75% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 388.58 | 432.10 | 454.27 | 456.65 | 470.36 | 488.31 | 528.44 |
| Change (%) | -14.91% | -5.38% | -0.52% | - | +3.00% | +6.93% | +15.72% |
| Change | -68.07 | -24.55 | -2.38 | - | +13.71 | +31.66 | +71.79 |
| Level | Major | Major | Major | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 443.99 | 447.77 | 452.72 | 456.50 | 461.45 | 465.23 | 470.18 |
| Camarilla | 455.27 | 456.07 | 456.87 | 457.67 | 458.47 | 459.27 | 460.07 |
| Woodie | 444.58 | 448.06 | 453.30 | 456.79 | 462.04 | 465.52 | 470.77 |
| Fibonacci | 447.77 | 451.10 | 453.17 | 456.50 | 459.83 | 461.90 | 465.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 429.94 | 436.97 | 442.23 | 449.26 | 454.52 | 461.55 | 466.81 |
| Camarilla | 444.10 | 445.23 | 446.35 | 447.48 | 448.61 | 449.73 | 450.86 |
| Woodie | 429.05 | 436.53 | 441.33 | 448.82 | 453.62 | 461.11 | 465.92 |
| Fibonacci | 436.97 | 441.67 | 444.57 | 449.26 | 453.96 | 456.86 | 461.55 |
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): | 50.72 | |
| MACD (12,26,9): | -3.9700 | |
| Directional Movement: | -0.54 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 446.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 437.99 | |
| Elder Ray (13): | 5.52 | |
| Super Trend (3,10): | 436.33 | |
| Zig ZAG (10): | 456.65 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 86.32 | |
| TEMA (21): | 449.22 | |
| Williams %R (14): | -12.67 | |
| Chande Momentum Oscillator (20): | 18.64 | |
| Repulse (5,40,3): | 1.0600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2200 | |
| Courbe Coppock: | 1.99 |
| MA7: | 451.60 | |
| MA20: | 448.30 | |
| MA50: | 470.03 | |
| MA100: | 476.48 | |
| MAexp7: | 452.53 | |
| MAexp20: | 453.19 | |
| MAexp50: | 463.44 | |
| MAexp100: | 472.56 | |
| Price / MA7: | +1.12% | |
| Price / MA20: | +1.86% | |
| Price / MA50: | -2.85% | |
| Price / MA100: | -4.16% | |
| Price / MAexp7: | +0.91% | |
| Price / MAexp20: | +0.76% | |
| Price / MAexp50: | -1.47% | |
| Price / MAexp100: | -3.37% |
This member declared not having a position on this financial instrument or a related financial instrument.
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