S&P COMPOSITE 1500 - Daily - Technical analysis published on 02/15/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
6%
50%
My opinion
Bullish above 933.80 USD
My targets
959.38 USD (+1.17%)
983.41 USD (+3.70%)
My analysis
S&P COMPOSITE 1500 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 933.80 USD. The next resistance located at 959.38 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 983.41 USD. After this resistance, buyers could then target 1,093.29 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.3
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 COMPOSITE 1500 rating is 948.33 USD. The price registered a decrease of -0.03% on the session with the lowest point at 938.92 USD and the highest point at 953.72 USD. The deviation from the price is +1.00% for the low point and -0.57% for the high point.938.92
953.72
948.33
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of S&P COMPOSITE 1500 in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is slight given the direction of the technical indicators.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 865.77 | 892.62 | 933.80 | 948.33 | 959.38 | 983.41 | 1,093.29 |
| Change (%) | -8.71% | -5.87% | -1.53% | - | +1.17% | +3.70% | +15.29% |
| Change | -82.56 | -55.71 | -14.53 | - | +11.05 | +35.08 | +144.96 |
| Level | Intermediate | 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 | 936.84 | 938.98 | 942.33 | 944.47 | 947.82 | 949.96 | 953.31 |
| Camarilla | 944.17 | 944.67 | 945.18 | 945.68 | 946.18 | 946.69 | 947.19 |
| Woodie | 937.45 | 939.28 | 942.94 | 944.77 | 948.43 | 950.26 | 953.92 |
| Fibonacci | 938.98 | 941.08 | 942.37 | 944.47 | 946.57 | 947.86 | 949.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 899.79 | 915.43 | 926.65 | 942.29 | 953.51 | 969.15 | 980.37 |
| Camarilla | 930.48 | 932.95 | 935.41 | 937.87 | 940.33 | 942.79 | 945.26 |
| Woodie | 897.58 | 914.33 | 924.44 | 941.19 | 951.30 | 968.05 | 978.16 |
| Fibonacci | 915.43 | 925.69 | 932.03 | 942.29 | 952.55 | 958.89 | 969.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 820.35 | 844.48 | 889.87 | 914.00 | 959.39 | 983.52 | 1,028.91 |
| Camarilla | 916.13 | 922.51 | 928.88 | 935.25 | 941.62 | 948.00 | 954.37 |
| Woodie | 830.97 | 849.80 | 900.49 | 919.32 | 970.01 | 988.84 | 1,039.53 |
| Fibonacci | 844.48 | 871.04 | 887.45 | 914.00 | 940.56 | 956.97 | 983.52 |
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): | 59.52 | |
| MACD (12,26,9): | 11.7400 | |
| Directional Movement: | 15.35 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 949.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 957.38 | |
| Elder Ray (13): | 6.36 | |
| Super Trend (3,10): | 912.60 | |
| Zig ZAG (10): | 948.33 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 65.79 | |
| TEMA (21): | 953.50 | |
| Williams %R (14): | -33.97 | |
| Chande Momentum Oscillator (20): | 15.38 | |
| Repulse (5,40,3): | 1.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 6.15 |
| MA7: | 944.81 | |
| MA20: | 932.82 | |
| MA50: | 909.76 | |
| MA100: | 890.21 | |
| MAexp7: | 944.43 | |
| MAexp20: | 933.77 | |
| MAexp50: | 916.67 | |
| MAexp100: | 909.05 | |
| Price / MA7: | +0.37% | |
| Price / MA20: | +1.66% | |
| Price / MA50: | +4.24% | |
| Price / MA100: | +6.53% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | +1.56% | |
| Price / MAexp50: | +3.45% | |
| Price / MAexp100: | +4.32% |
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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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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