S&P EURO - Daily - Technical analysis published on 09/20/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1,680.79 EUR
My targets
1,556.66 EUR (-3.07%)
1,437.28 EUR (-10.51%)
My analysis
S&P EURO is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1,680.79 EUR. The next support located at 1,556.66 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1,437.28 EUR. Below this support, sellers could then target 1,367.50 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
S&P EURO rating 1,606.01 EUR. The price is lower by -0.02% since the last closing and was traded between 1,584.00 EUR and 1,613.87 EUR over the period. The price is currently at +1.39% from its lowest and -0.49% from its highest.1,584.00
1,613.87
1,606.01
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by S&P EURO:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of S&P EURO indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1,088.85 | 1,367.50 | 1,556.66 | 1,606.01 | 1,680.79 | 1,769.58 | 1,877.05 |
| Change (%) | -32.20% | -14.85% | -3.07% | - | +4.66% | +10.18% | +16.88% |
| Change | -517.16 | -238.51 | -49.35 | - | +74.78 | +163.57 | +271.04 |
| Level | Major | Major | Major | - | Intermediate | 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 | 1,535.58 | 1,559.75 | 1,573.16 | 1,597.33 | 1,610.74 | 1,634.91 | 1,648.32 |
| Camarilla | 1,576.25 | 1,579.69 | 1,583.14 | 1,586.58 | 1,590.03 | 1,593.47 | 1,596.92 |
| Woodie | 1,530.21 | 1,557.06 | 1,567.79 | 1,594.64 | 1,605.37 | 1,632.22 | 1,642.95 |
| Fibonacci | 1,559.75 | 1,574.10 | 1,582.97 | 1,597.33 | 1,611.68 | 1,620.55 | 1,634.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,479.59 | 1,540.30 | 1,573.29 | 1,634.00 | 1,666.99 | 1,727.70 | 1,760.69 |
| Camarilla | 1,580.52 | 1,589.11 | 1,597.70 | 1,606.29 | 1,614.88 | 1,623.47 | 1,632.06 |
| Woodie | 1,465.74 | 1,533.37 | 1,559.44 | 1,627.07 | 1,653.14 | 1,720.77 | 1,746.84 |
| Fibonacci | 1,540.30 | 1,576.09 | 1,598.20 | 1,634.00 | 1,669.79 | 1,691.90 | 1,727.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,437.28 | 1,527.09 | 1,572.17 | 1,661.98 | 1,707.06 | 1,796.87 | 1,841.95 |
| Camarilla | 1,580.15 | 1,592.51 | 1,604.88 | 1,617.24 | 1,629.61 | 1,641.97 | 1,654.34 |
| Woodie | 1,414.91 | 1,515.91 | 1,549.80 | 1,650.80 | 1,684.69 | 1,785.69 | 1,819.58 |
| Fibonacci | 1,527.09 | 1,578.62 | 1,610.46 | 1,661.98 | 1,713.51 | 1,745.35 | 1,796.87 |
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): | 40.77 | |
| MACD (12,26,9): | -15.1500 | |
| Directional Movement: | -6.55 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 1,617.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,688.47 | |
| Elder Ray (13): | -16.65 | |
| Super Trend (3,10): | 1,688.28 | |
| Zig ZAG (10): | 1,607.86 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 20.12 | |
| TEMA (21): | 1,607.77 | |
| Williams %R (14): | -78.60 | |
| Chande Momentum Oscillator (20): | -21.95 | |
| Repulse (5,40,3): | -0.8900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 1.80 |
| MA7: | 1,630.77 | |
| MA20: | 1,631.57 | |
| MA50: | 1,662.62 | |
| MA100: | 1,668.72 | |
| MAexp7: | 1,619.96 | |
| MAexp20: | 1,636.44 | |
| MAexp50: | 1,655.14 | |
| MAexp100: | 1,684.34 | |
| Price / MA7: | -1.52% | |
| Price / MA20: | -1.57% | |
| Price / MA50: | -3.40% | |
| Price / MA100: | -3.76% | |
| Price / MAexp7: | -0.86% | |
| Price / MAexp20: | -1.86% | |
| Price / MAexp50: | -2.97% | |
| Price / MAexp100: | -4.65% |
Quotes :
-
End-of-day data
-
S&P Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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