S&P GLOB 1200 INFO TECH SECTOR - Daily - Technical analysis published on 11/11/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 6,914.93 USD
My targets
7,336.94 USD (+1.44%)
7,988.02 USD (+10.45%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on S&P GLOB 1200 INFO TECH SECTOR as long as the price remains well above 6,914.93 USD. The buyers' bullish objective is set at 7,336.94 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7,988.02 USD. If there is any crossing, the next objective would be the resistance located at 8,305.28 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.9
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 GLOB 1200 INFO TECH SECTOR price is 7,232.47 USD. The price has increased by +7.62% since the last closing with the lowest point at 6,699.31 USD and the highest point at 7,233.40 USD. The deviation from the price is +7.96% for the low point and -0.01% for the high point.6,699.31
7,233.40
7,232.47
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of S&P GLOB 1200 INFO TECH SECTOR in Daily shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, 15 technical indicators on 18 studied are currently bullish. 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
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish doji star
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,947.36 | 6,430.07 | 6,914.93 | 7,232.47 | 7,336.94 | 7,988.02 | 8,305.28 |
| Change (%) | -17.77% | -11.09% | -4.39% | - | +1.44% | +10.45% | +14.83% |
| Change | -1,285.11 | -802.40 | -317.54 | - | +104.47 | +755.55 | +1,072.81 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,135.38 | 7,182.48 | 7,271.40 | 7,318.50 | 7,407.42 | 7,454.52 | 7,543.44 |
| Camarilla | 7,322.91 | 7,335.37 | 7,347.84 | 7,360.31 | 7,372.78 | 7,385.25 | 7,397.72 |
| Woodie | 7,156.28 | 7,192.94 | 7,292.30 | 7,328.96 | 7,428.32 | 7,464.98 | 7,564.34 |
| Fibonacci | 7,182.48 | 7,234.44 | 7,266.54 | 7,318.50 | 7,370.46 | 7,402.56 | 7,454.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,868.83 | 6,203.10 | 6,435.77 | 6,770.04 | 7,002.71 | 7,336.98 | 7,569.65 |
| Camarilla | 6,512.53 | 6,564.50 | 6,616.47 | 6,668.44 | 6,720.41 | 6,772.38 | 6,824.35 |
| Woodie | 5,818.03 | 6,177.70 | 6,384.97 | 6,744.64 | 6,951.91 | 7,311.58 | 7,518.85 |
| Fibonacci | 6,203.10 | 6,419.67 | 6,553.47 | 6,770.04 | 6,986.61 | 7,120.41 | 7,336.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,577.12 | 5,898.41 | 6,451.52 | 6,772.81 | 7,325.92 | 7,647.21 | 8,200.32 |
| Camarilla | 6,764.16 | 6,844.31 | 6,924.47 | 7,004.62 | 7,084.77 | 7,164.93 | 7,245.08 |
| Woodie | 5,693.02 | 5,956.37 | 6,567.42 | 6,830.77 | 7,441.82 | 7,705.17 | 8,316.22 |
| Fibonacci | 5,898.41 | 6,232.43 | 6,438.79 | 6,772.81 | 7,106.83 | 7,313.19 | 7,647.21 |
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): | 62.92 | |
| MACD (12,26,9): | 49.3100 | |
| Directional Movement: | 14.33 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 6,916.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,551.29 | |
| Elder Ray (13): | 349.94 | |
| Super Trend (3,10): | 6,733.70 | |
| Zig ZAG (10): | 7,295.35 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 77.23 | |
| TEMA (21): | 7,027.79 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 220.35 | |
| Repulse (5,40,3): | 6.7300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.16 |
| MA7: | 6,889.76 | |
| MA20: | 6,878.42 | |
| MA50: | 6,835.89 | |
| MA100: | 7,243.13 | |
| MAexp7: | 6,987.61 | |
| MAexp20: | 6,877.79 | |
| MAexp50: | 6,946.38 | |
| MAexp100: | 7,200.42 | |
| Price / MA7: | +4.97% | |
| Price / MA20: | +5.15% | |
| Price / MA50: | +5.80% | |
| Price / MA100: | -0.15% | |
| Price / MAexp7: | +3.50% | |
| Price / MAexp20: | +5.16% | |
| Price / MAexp50: | +4.12% | |
| Price / MAexp100: | +0.45% |
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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