S&P 600 - Daily - Technical analysis published on 06/20/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Neutral between 918.37 USD and 948.34 USD
My targets
-
My analysis
The short-term increase on S&P 600 remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 948.34 USD. The first support is located at 918.37 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
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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
The S&P 600 price is 938.16 USD. The price has increased by +0.23% since the last closing and was traded between 933.84 USD and 938.80 USD over the period. The price is currently at +0.46% from its lowest and -0.07% from its highest.933.84
938.80
938.16
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
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 (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of S&P 600 indicates that the overall trend is slightly bearish. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
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 : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 859.36 | 888.72 | 918.37 | 938.16 | 948.34 | 979.57 | 1,036.56 |
| Change (%) | -8.40% | -5.27% | -2.11% | - | +1.09% | +4.41% | +10.49% |
| Change | -78.80 | -49.44 | -19.79 | - | +10.18 | +41.41 | +98.40 |
| Level | Minor | Major | Major | - | Minor | Major | Minor |
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 | 915.20 | 922.00 | 929.02 | 935.82 | 942.84 | 949.64 | 956.66 |
| Camarilla | 932.23 | 933.50 | 934.76 | 936.03 | 937.30 | 938.56 | 939.83 |
| Woodie | 915.30 | 922.05 | 929.12 | 935.88 | 942.94 | 949.70 | 956.76 |
| Fibonacci | 922.00 | 927.28 | 930.54 | 935.82 | 941.10 | 944.36 | 949.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 899.73 | 909.08 | 916.33 | 925.68 | 932.93 | 942.28 | 949.53 |
| Camarilla | 919.01 | 920.53 | 922.05 | 923.57 | 925.09 | 926.61 | 928.14 |
| Woodie | 898.67 | 908.55 | 915.27 | 925.16 | 931.87 | 941.76 | 948.47 |
| Fibonacci | 909.08 | 915.42 | 919.34 | 925.68 | 932.02 | 935.94 | 942.28 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.92 | |
| MACD (12,26,9): | -2.3200 | |
| Directional Movement: | 8.49 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 921.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 909.84 | |
| Elder Ray (13): | 10.30 | |
| Super Trend (3,10): | 900.78 | |
| Zig ZAG (10): | 938.16 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 86.07 | |
| TEMA (21): | 925.80 | |
| Williams %R (14): | -7.85 | |
| Chande Momentum Oscillator (20): | 43.64 | |
| Repulse (5,40,3): | 0.4200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 4.07 |
| MA7: | 928.55 | |
| MA20: | 917.63 | |
| MA50: | 944.33 | |
| MA100: | 947.76 | |
| MAexp7: | 929.29 | |
| MAexp20: | 926.65 | |
| MAexp50: | 935.34 | |
| MAexp100: | 942.07 | |
| Price / MA7: | +1.03% | |
| Price / MA20: | +2.24% | |
| Price / MA50: | -0.65% | |
| Price / MA100: | -1.01% | |
| Price / MAexp7: | +0.95% | |
| Price / MAexp20: | +1.24% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | -0.42% |
This member declared not having a position on this financial instrument or a related financial instrument.
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