S&P100 INDEX

OEX

- USD (-)

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

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	OEX
ISIN:

S&P100 INDEX - Daily - Technical analysis published on 07/06/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 1,966.75 USD

My targets

2,164.32 USD (+4.23%)

2,219.44 USD (+6.88%)

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 1,966.75 USD. The next resistance located at 2,164.32 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 2,219.44 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

7.7

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&P100 INDEX rating is 2,076.50 USD. The price is lower by -0.05% since the last closing with the lowest point at 2,069.84 USD and the highest point at 2,081.86 USD. The deviation from the price is +0.32% for the low point and -0.26% for the high point.

2,069.84

2,081.86

2,076.50

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

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 results:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of S&P100 INDEX in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
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

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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

Price

	S3	S2	S1	Price	R1
ProTrendLines	1,867.81	1,966.75	2,069.78	2,076.50	2,219.44
Change (%)	-10.05%	-5.29%	-0.32%	-	+6.88%
Change	-208.69	-109.75	-6.72	-	+142.94
Level	Major	Minor	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	2,058.25	2,064.05	2,070.27	2,076.07	2,082.29	2,088.09	2,094.31
Camarilla	2,073.20	2,074.30	2,075.40	2,076.50	2,077.60	2,078.70	2,079.81
Woodie	2,058.47	2,064.16	2,070.49	2,076.18	2,082.51	2,088.20	2,094.53
Fibonacci	2,064.05	2,068.64	2,071.48	2,076.07	2,080.66	2,083.50	2,088.09

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,973.24	1,995.02	2,034.76	2,056.54	2,096.28	2,118.06	2,157.80
Camarilla	2,057.57	2,063.21	2,068.85	2,074.49	2,080.13	2,085.77	2,091.41
Woodie	1,982.21	1,999.51	2,043.73	2,061.03	2,105.25	2,122.55	2,166.77
Fibonacci	1,995.02	2,018.52	2,033.04	2,056.54	2,080.04	2,094.56	2,118.06

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,863.07	1,907.98	1,991.24	2,036.15	2,119.41	2,164.32	2,247.58
Camarilla	2,039.24	2,050.99	2,062.74	2,074.49	2,086.24	2,097.99	2,109.74
Woodie	1,882.24	1,917.57	2,010.41	2,045.74	2,138.58	2,173.91	2,266.75
Fibonacci	1,907.98	1,956.94	1,987.19	2,036.15	2,085.11	2,115.36	2,164.32

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):	67.80
MACD (12,26,9):	28.5500
Directional Movement:	20.58
AROON (14):	42.86
DEMA (21):	2,073.98
Parabolic SAR (0,02-0,02-0,2):	2,019.25
Elder Ray (13):	26.74
Super Trend (3,10):	2,018.45
Zig ZAG (10):	2,076.50
VORTEX (21):	1.1200
Stochastique (14,3,5):	92.32
TEMA (21):	2,075.17
Williams %R (14):	-8.24
Chande Momentum Oscillator (20):	6.72
Repulse (5,40,3):	0.9200
ROCnROLL:	1
TRIX (15,9):	0.2200
Courbe Coppock:	3.40

MA7:	2,053.39
MA20:	2,039.33
MA50:	1,967.07
MA100:	1,897.11
MAexp7:	2,061.06
MAexp20:	2,034.79
MAexp50:	1,979.94
MAexp100:	1,922.20
Price / MA7:	+1.13%
Price / MA20:	+1.82%
Price / MA50:	+5.56%
Price / MA100:	+9.46%
Price / MAexp7:	+0.75%
Price / MAexp20:	+2.05%
Price / MAexp50:	+4.88%
Price / MAexp100:	+8.03%

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.

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