S&P100 INDEX - Daily - Technical analysis published on 11/28/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1,712.18 USD
My targets
1,841.42 USD (+2.29%)
1,968.77 USD (+9.37%)
My analysis
S&P100 INDEX 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 1,712.18 USD. The next resistance located at 1,841.42 USD is the next bullish target 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 1,968.77 USD. After this resistance, buyers could then target 2,060.93 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7
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Additional analysis
Quotes
The S&P100 INDEX rating is 1,800.18 USD. On the day, this instrument lost -0.15% and was traded between 1,798.28 USD and 1,804.51 USD over the period. The price is currently at +0.11% from its lowest and -0.24% from its highest.1,798.28
1,804.51
1,800.18
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this S&P100 INDEX chart shows a bullish trend. 78.57% 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 currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1,672.71 | 1,712.18 | 1,788.17 | 1,800.18 | 1,841.42 | 1,968.77 | 2,060.93 |
| Change (%) | -7.08% | -4.89% | -0.67% | - | +2.29% | +9.37% | +14.48% |
| Change | -127.47 | -88.00 | -12.01 | - | +41.24 | +168.59 | +260.75 |
| Level | Major | Intermediate | Major | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,791.24 | 1,794.76 | 1,797.47 | 1,800.99 | 1,803.70 | 1,807.22 | 1,809.93 |
| Camarilla | 1,798.47 | 1,799.04 | 1,799.61 | 1,800.18 | 1,800.75 | 1,801.32 | 1,801.89 |
| Woodie | 1,790.84 | 1,794.56 | 1,797.07 | 1,800.79 | 1,803.30 | 1,807.02 | 1,809.53 |
| Fibonacci | 1,794.76 | 1,797.14 | 1,798.61 | 1,800.99 | 1,803.37 | 1,804.84 | 1,807.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,727.53 | 1,744.39 | 1,772.28 | 1,789.14 | 1,817.03 | 1,833.89 | 1,861.78 |
| Camarilla | 1,787.87 | 1,791.98 | 1,796.08 | 1,800.18 | 1,804.28 | 1,808.38 | 1,812.49 |
| Woodie | 1,733.06 | 1,747.15 | 1,777.81 | 1,791.90 | 1,822.56 | 1,836.65 | 1,867.31 |
| Fibonacci | 1,744.39 | 1,761.48 | 1,772.04 | 1,789.14 | 1,806.23 | 1,816.79 | 1,833.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,443.43 | 1,510.10 | 1,625.30 | 1,691.97 | 1,807.17 | 1,873.84 | 1,989.04 |
| Camarilla | 1,690.50 | 1,707.17 | 1,723.84 | 1,740.51 | 1,757.18 | 1,773.85 | 1,790.52 |
| Woodie | 1,467.71 | 1,522.23 | 1,649.58 | 1,704.10 | 1,831.45 | 1,885.97 | 2,013.32 |
| Fibonacci | 1,510.10 | 1,579.57 | 1,622.49 | 1,691.97 | 1,761.44 | 1,804.36 | 1,873.84 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.13 | |
| MACD (12,26,9): | 23.4400 | |
| Directional Movement: | 15.29 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 1,782.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,732.18 | |
| Elder Ray (13): | 31.97 | |
| Super Trend (3,10): | 1,717.46 | |
| Zig ZAG (10): | 1,800.18 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 92.35 | |
| TEMA (21): | 1,805.77 | |
| Williams %R (14): | -6.49 | |
| Chande Momentum Oscillator (20): | 89.46 | |
| Repulse (5,40,3): | 1.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 10.01 |
| MA7: | 1,783.32 | |
| MA20: | 1,747.27 | |
| MA50: | 1,710.51 | |
| MA100: | 1,776.95 | |
| MAexp7: | 1,784.91 | |
| MAexp20: | 1,755.71 | |
| MAexp50: | 1,744.36 | |
| MAexp100: | 1,773.10 | |
| Price / MA7: | +0.95% | |
| Price / MA20: | +3.03% | |
| Price / MA50: | +5.24% | |
| Price / MA100: | +1.31% | |
| Price / MAexp7: | +0.86% | |
| Price / MAexp20: | +2.53% | |
| Price / MAexp50: | +3.20% | |
| Price / MAexp100: | +1.53% |
Quotes :
-
End-of-day data
-
S&P Base 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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