S P/ ASX 200 INDEX - Daily - Technical analysis published on 06/30/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 6,831.94 AUD
My targets
6,401.52 AUD (-4.46%)
5,976.74 AUD (-10.80%)
My analysis
S P/ ASX 200 INDEX 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 6,831.94 AUD. The next support located at 6,401.52 AUD 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 5,976.74 AUD. Below this support, sellers could then target 5,467.60 AUD. 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
5.9
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This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The S P/ ASX 200 INDEX price is 6,700.20 AUD. The price registered a decrease of -0.94% on the session with the lowest point at 6,666.40 AUD and the highest point at 6,763.60 AUD. The deviation from the price is +0.51% for the low point and -0.94% for the high point.6,666.40
6,763.60
6,700.20
Here is a more detailed summary of the historical variations registered by S P/ ASX 200 INDEX:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of S P/ ASX 200 INDEX in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 7 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,467.60 | 5,976.74 | 6,401.52 | 6,700.20 | 6,831.94 | 6,982.36 | 7,170.17 |
| Change (%) | -18.40% | -10.80% | -4.46% | - | +1.97% | +4.21% | +7.01% |
| Change | -1,232.60 | -723.46 | -298.68 | - | +131.74 | +282.16 | +469.97 |
| Level | Minor | Major | Major | - | Major | Minor | Minor |
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 | 6,559.33 | 6,612.87 | 6,656.53 | 6,710.07 | 6,753.73 | 6,807.27 | 6,850.93 |
| Camarilla | 6,673.47 | 6,682.38 | 6,691.29 | 6,700.20 | 6,709.11 | 6,718.02 | 6,726.93 |
| Woodie | 6,554.40 | 6,610.40 | 6,651.60 | 6,707.60 | 6,748.80 | 6,804.80 | 6,846.00 |
| Fibonacci | 6,612.87 | 6,650.00 | 6,672.94 | 6,710.07 | 6,747.20 | 6,770.14 | 6,807.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,284.00 | 6,345.50 | 6,462.10 | 6,523.60 | 6,640.20 | 6,701.70 | 6,818.30 |
| Camarilla | 6,529.72 | 6,546.05 | 6,562.37 | 6,578.70 | 6,595.03 | 6,611.35 | 6,627.68 |
| Woodie | 6,311.55 | 6,359.28 | 6,489.65 | 6,537.38 | 6,667.75 | 6,715.48 | 6,845.85 |
| Fibonacci | 6,345.50 | 6,413.53 | 6,455.57 | 6,523.60 | 6,591.63 | 6,633.67 | 6,701.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,444.47 | 6,687.33 | 6,949.27 | 7,192.13 | 7,454.07 | 7,696.93 | 7,958.87 |
| Camarilla | 7,072.38 | 7,118.65 | 7,164.93 | 7,211.20 | 7,257.47 | 7,303.75 | 7,350.02 |
| Woodie | 6,454.00 | 6,692.10 | 6,958.80 | 7,196.90 | 7,463.60 | 7,701.70 | 7,968.40 |
| Fibonacci | 6,687.33 | 6,880.17 | 6,999.30 | 7,192.13 | 7,384.97 | 7,504.10 | 7,696.93 |
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): | 42.49 | |
| MACD (12,26,9): | -137.6100 | |
| Directional Movement: | -13.57 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 6,582.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,763.60 | |
| Elder Ray (13): | 17.22 | |
| Super Trend (3,10): | 6,790.37 | |
| Zig ZAG (10): | 6,700.20 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 41.86 | |
| TEMA (21): | 6,542.40 | |
| Williams %R (14): | -58.94 | |
| Chande Momentum Oscillator (20): | -231.80 | |
| Repulse (5,40,3): | 1.1900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3200 | |
| Courbe Coppock: | 13.28 |
| MA7: | 6,615.60 | |
| MA20: | 6,805.95 | |
| MA50: | 7,071.62 | |
| MA100: | 7,161.06 | |
| MAexp7: | 6,661.12 | |
| MAexp20: | 6,769.53 | |
| MAexp50: | 6,976.27 | |
| MAexp100: | 7,109.98 | |
| Price / MA7: | +1.28% | |
| Price / MA20: | -1.55% | |
| Price / MA50: | -5.25% | |
| Price / MA100: | -6.44% | |
| Price / MAexp7: | +0.59% | |
| Price / MAexp20: | -1.02% | |
| Price / MAexp50: | -3.96% | |
| Price / MAexp100: | -5.76% |
Quotes :
-
End-of-day data
-
Australia Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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