MICRO E-MINI S&P500 ONLY0924
MES0924
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Futures
Ticker: MES0924
ISIN: MESU4

MICRO E-MINI S&P500 ONLY0924 - Daily - Technical analysis published on 07/22/2024 (GMT)

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 5,364.35 USD
My targets
5,688.00 USD (+1.36%)
My analysis
The bullish trend is currently very strong on MICRO E-MINI S&P500 ONLY0924. As long as the price remains above the support at 5,364.35 USD, you could try to benefit from the boom. The first bullish objective is located at 5,688.00 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.3

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 elirosemann.

Additional analysis

Quotes

The MICRO E-MINI S&P500 ONLY0924 rating is 5,611.50 USD. The price registered an increase of +1.04% on the session and was traded between 5,553.50 USD and 5,616.00 USD over the period. The price is currently at +1.04% from its lowest and -0.08% from its highest.

5,553.50
5,616.00
5,611.50

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


A technical analysis in Daily of this MICRO E-MINI S&P500 ONLY0924 chart shows a strongly 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. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily



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
Price


S3S2S1PriceR1
ProTrendLines 5,059.53 5,364.35 5,561.75 5,611.50 5,688.00
Change (%) -9.84% -4.40% -0.89% - +1.36%
Change -551.97 -247.15 -49.75 - +76.50
Level Intermediate Intermediate Intermediate - 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
Standard5,462.505,502.255,528.005,567.755,593.505,633.255,659.00
Camarilla5,535.745,541.745,547.755,553.755,559.755,565.765,571.76
Woodie5,455.505,498.755,521.005,564.255,586.505,629.755,652.00
Fibonacci5,502.255,527.275,542.735,567.755,592.775,608.235,633.25


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5,310.835,426.425,490.085,605.675,669.335,784.925,848.58
Camarilla5,504.465,520.895,537.325,553.755,570.185,586.615,603.04
Woodie5,284.885,413.445,464.135,592.695,643.385,771.945,822.63
Fibonacci5,426.425,494.895,537.195,605.675,674.145,716.445,784.92


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5,086.755,197.755,365.755,476.755,644.755,755.755,923.75
Camarilla5,457.035,482.605,508.185,533.755,559.335,584.905,610.48
Woodie5,115.255,212.005,394.255,491.005,673.255,770.005,952.25
Fibonacci5,197.755,304.335,370.175,476.755,583.335,649.175,755.75

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): 54.07
MACD (12,26,9): 37.3500
Directional Movement: -0.83
AROON (14): 71.43
DEMA (21): 5,655.82
Parabolic SAR (0,02-0,02-0,2): 5,707.20
Elder Ray (13): -31.40
Super Trend (3,10): 5,548.08
Zig ZAG (10): 5,611.25
VORTEX (21): 1.0300
Stochastique (14,3,5): 34.00
TEMA (21): 5,642.16
Williams %R (14): -63.32
Chande Momentum Oscillator (20): 19.50
Repulse (5,40,3): -0.4800
ROCnROLL: -1
TRIX (15,9): 0.1300
Courbe Coppock: 2.64
MA7: 5,637.29
MA20: 5,604.84
MA50: 5,499.20
MA100: 5,373.82
MAexp7: 5,617.75
MAexp20: 5,598.61
MAexp50: 5,506.36
MAexp100: 5,376.26
Price / MA7: -0.46%
Price / MA20: +0.12%
Price / MA50: +2.04%
Price / MA100: +4.42%
Price / MAexp7: -0.11%
Price / MAexp20: +0.23%
Price / MAexp50: +1.91%
Price / MAexp100: +4.38%

Quotes : - 10 min delayed data - CME E-mini Futures

This member declared not having a position on this financial instrument or a related financial instrument.

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