S&P EUROPE 350 INFO TECH SECTOR

SPE350-45

- EUR (-)

- End-of-day data - S&P Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	SPE350-45
ISIN:	SPE350-45

S&P EUROPE 350 INFO TECH SECTOR - Daily - Technical analysis published on 09/05/2022 (GMT)

Londinia

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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

28%

56%

17%

My opinion

Bearish under 2,515.52 EUR

My targets

2,327.27 EUR (-4.76%)

2,184.57 EUR (-10.60%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on S&P EUROPE 350 INFO TECH SECTOR as long as the price remains well below 2,515.52 EUR. The sellers' bearish objective is set at 2,327.27 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,184.57 EUR. In case of crossing, the next objective would be the support located at 1,988.05 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.3

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The S&P EUROPE 350 INFO TECH SECTOR rating is 2,443.66 EUR. The price registered an increase of +3.11% on the session and was between 2,369.91 EUR and 2,449.12 EUR. This implies that the price is at +3.11% from its lowest and at -0.22% from its highest.

2,369.91

2,449.12

2,443.66

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this S&P EUROPE 350 INFO TECH SECTOR chart shows a sharp bearish trend. 85.71% 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.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Dark cloud cover

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,494.19	1,988.05	2,184.57	2,443.66	2,515.52	2,726.32	3,006.76
Change (%)	-38.85%	-18.64%	-10.60%	-	+2.94%	+11.57%	+23.04%
Change	-949.47	-455.61	-259.09	-	+71.86	+282.66	+563.10
Level	Major	Intermediate	Major	-	Major	Intermediate	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	2,260.24	2,313.89	2,365.70	2,419.35	2,471.16	2,524.81	2,576.62
Camarilla	2,388.51	2,398.18	2,407.84	2,417.51	2,427.18	2,436.84	2,446.51
Woodie	2,259.32	2,313.43	2,364.78	2,418.89	2,470.24	2,524.35	2,575.70
Fibonacci	2,313.89	2,354.18	2,379.06	2,419.35	2,459.64	2,484.52	2,524.81

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,260.24	2,313.89	2,365.70	2,419.35	2,471.16	2,524.81	2,576.62
Camarilla	2,388.51	2,398.18	2,407.84	2,417.51	2,427.18	2,436.84	2,446.51
Woodie	2,259.32	2,313.43	2,364.78	2,418.89	2,470.24	2,524.35	2,575.70
Fibonacci	2,313.89	2,354.18	2,379.06	2,419.35	2,459.64	2,484.52	2,524.81

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,990.54	2,214.76	2,327.27	2,551.49	2,664.00	2,888.22	3,000.73
Camarilla	2,347.17	2,378.04	2,408.90	2,439.77	2,470.64	2,501.50	2,532.37
Woodie	1,934.68	2,186.83	2,271.41	2,523.56	2,608.14	2,860.29	2,944.87
Fibonacci	2,214.76	2,343.39	2,422.86	2,551.49	2,680.12	2,759.59	2,888.22

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):	35.63
MACD (12,26,9):	-46.5900
Directional Movement:	-16.69
AROON (14):	-85.71
DEMA (21):	2,483.92
Parabolic SAR (0,02-0,02-0,2):	2,498.06
Elder Ray (13):	-73.88
Super Trend (3,10):	2,613.67
Zig ZAG (10):	2,377.71
VORTEX (21):	0.7800
Stochastique (14,3,5):	8.38
TEMA (21):	2,415.88
Williams %R (14):	-96.90
Chande Momentum Oscillator (20):	-313.77
Repulse (5,40,3):	-6.4600
ROCnROLL:	2
TRIX (15,9):	-0.0500
Courbe Coppock:	18.45

MA7:	2,439.91
MA20:	2,576.44
MA50:	2,511.75
MA100:	2,537.09
MAexp7:	2,444.17
MAexp20:	2,524.99
MAexp50:	2,542.21
MAexp100:	2,596.74
Price / MA7:	+0.15%
Price / MA20:	-5.15%
Price / MA50:	-2.71%
Price / MA100:	-3.68%
Price / MAexp7:	-0.02%
Price / MAexp20:	-3.22%
Price / MAexp50:	-3.88%
Price / MAexp100:	-5.90%

Quotes : - End-of-day data - S&P Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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