S&P 500 COMMUNICATION SERVICES - Daily - Technical analysis published on 09/12/2022 (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
33%
50%
17%
My opinion
Bearish under 192.97 USD
My targets
183.51 USD (-2.46%)
176.56 USD (-6.15%)
My analysis
S&P 500 COMMUNICATION SERVICES 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 192.97 USD. The next support located at 183.51 USD 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 176.56 USD. Below this support, sellers could then target 162.21 USD. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The S&P 500 COMMUNICATION SERVICES rating is 188.14 USD. The price registered an increase of +2.53% on the session and was between 183.50 USD and 188.41 USD. This implies that the price is at +2.53% from its lowest and at -0.14% from its highest.183.50
188.41
188.14
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of S&P 500 COMMUNICATION SERVICES in Daily shows a overall strongly bearish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 137.76 | 162.21 | 183.51 | 188.14 | 192.97 | 215.79 | 242.58 |
| Change (%) | -26.78% | -13.78% | -2.46% | - | +2.57% | +14.70% | +28.94% |
| Change | -50.38 | -25.93 | -4.63 | - | +4.83 | +27.65 | +54.44 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | Intermediate |
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 | 180.05 | 181.77 | 184.96 | 186.68 | 189.87 | 191.59 | 194.78 |
| Camarilla | 186.79 | 187.24 | 187.69 | 188.14 | 188.59 | 189.04 | 189.49 |
| Woodie | 180.78 | 182.14 | 185.69 | 187.05 | 190.60 | 191.96 | 195.51 |
| Fibonacci | 181.77 | 183.65 | 184.81 | 186.68 | 188.56 | 189.72 | 191.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 173.46 | 176.51 | 182.32 | 185.37 | 191.18 | 194.23 | 200.04 |
| Camarilla | 185.70 | 186.52 | 187.33 | 188.14 | 188.95 | 189.76 | 190.58 |
| Woodie | 174.85 | 177.20 | 183.71 | 186.06 | 192.57 | 194.92 | 201.43 |
| Fibonacci | 176.51 | 179.89 | 181.98 | 185.37 | 188.75 | 190.84 | 194.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 154.16 | 168.69 | 176.56 | 191.09 | 198.96 | 213.49 | 221.36 |
| Camarilla | 178.28 | 180.33 | 182.39 | 184.44 | 186.49 | 188.55 | 190.60 |
| Woodie | 150.84 | 167.03 | 173.24 | 189.43 | 195.64 | 211.83 | 218.04 |
| Fibonacci | 168.69 | 177.24 | 182.53 | 191.09 | 199.64 | 204.93 | 213.49 |
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): | 39.99 | |
| MACD (12,26,9): | -3.2200 | |
| Directional Movement: | -9.10 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 185.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 186.75 | |
| Elder Ray (13): | -3.86 | |
| Super Trend (3,10): | 193.71 | |
| Zig ZAG (10): | 183.50 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 14.97 | |
| TEMA (21): | 182.45 | |
| Williams %R (14): | -81.15 | |
| Chande Momentum Oscillator (20): | -8.10 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 15.13 |
| MA7: | 183.80 | |
| MA20: | 191.87 | |
| MA50: | 191.90 | |
| MA100: | 195.27 | |
| MAexp7: | 184.53 | |
| MAexp20: | 188.77 | |
| MAexp50: | 192.33 | |
| MAexp100: | 199.99 | |
| Price / MA7: | +2.36% | |
| Price / MA20: | -1.94% | |
| Price / MA50: | -1.96% | |
| Price / MA100: | -3.65% | |
| Price / MAexp7: | +1.96% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | -2.18% | |
| Price / MAexp100: | -5.93% |
Quotes :
-
End-of-day data
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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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