S P/ ASX 200 INDEX

XJO

- AUD (-)

- End-of-day data - Australia Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	XJO
ISIN:

S P/ ASX 200 INDEX - Daily - Technical analysis published on 05/15/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

67%

33%

My opinion

Bullish above 7,621.68 AUD

My targets

7,896.90 AUD (+2.20%)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on S P/ ASX 200 INDEX as long as the price remains well above 7,621.68 AUD. The buyers' bullish objective is set at 7,896.90 AUD. A bullish break in this resistance would boost the bullish momentum. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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

6.1

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 Barts_XV. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The S P/ ASX 200 INDEX rating is 7,726.80 AUD. On the day, this instrument lost -0.30% and was between 7,714.60 AUD and 7,750.00 AUD. This implies that the price is at +0.16% from its lowest and at -0.30% from its highest.

7,714.60

7,750.00

7,726.80

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:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of S P/ ASX 200 INDEX indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

In fact, 12 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	7,125.20	7,350.13	7,621.68	7,726.80	7,896.90
Change (%)	-7.79%	-4.87%	-1.36%	-	+2.20%
Change	-601.60	-376.67	-105.12	-	+170.10
Level	Intermediate	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	7,675.53	7,695.07	7,710.93	7,730.47	7,746.33	7,765.87	7,781.73
Camarilla	7,717.07	7,720.31	7,723.56	7,726.80	7,730.05	7,733.29	7,736.54
Woodie	7,673.70	7,694.15	7,709.10	7,729.55	7,744.50	7,764.95	7,779.90
Fibonacci	7,695.07	7,708.59	7,716.94	7,730.47	7,743.99	7,752.34	7,765.87

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7,461.13	7,545.07	7,647.03	7,730.97	7,832.93	7,916.87	8,018.83
Camarilla	7,697.88	7,714.92	7,731.96	7,749.00	7,766.04	7,783.08	7,800.12
Woodie	7,470.15	7,549.58	7,656.05	7,735.48	7,841.95	7,921.38	8,027.85
Fibonacci	7,545.07	7,616.08	7,659.95	7,730.97	7,801.98	7,845.85	7,916.87

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7,049.73	7,271.17	7,467.63	7,689.07	7,885.53	8,106.97	8,303.43
Camarilla	7,549.18	7,587.49	7,625.79	7,664.10	7,702.41	7,740.72	7,779.02
Woodie	7,037.25	7,264.93	7,455.15	7,682.83	7,873.05	8,100.73	8,290.95
Fibonacci	7,271.17	7,430.80	7,529.43	7,689.07	7,848.70	7,947.33	8,106.97

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):	51.97
MACD (12,26,9):	5.8700
Directional Movement:	-4.85
AROON (14):	35.71
DEMA (21):	7,704.82
Parabolic SAR (0,02-0,02-0,2):	7,535.07
Elder Ray (13):	23.96
Super Trend (3,10):	7,595.35
Zig ZAG (10):	7,726.80
VORTEX (21):	0.9800
Stochastique (14,3,5):	73.45
TEMA (21):	7,712.45
Williams %R (14):	-34.09
Chande Momentum Oscillator (20):	43.80
Repulse (5,40,3):	0.5600
ROCnROLL:	1
TRIX (15,9):	-0.0300
Courbe Coppock:	1.97

MA7:	7,733.57
MA20:	7,668.25
MA50:	7,728.08
MA100:	7,642.37
MAexp7:	7,726.33
MAexp20:	7,704.24
MAexp50:	7,688.13
MAexp100:	7,602.57
Price / MA7:	-0.09%
Price / MA20:	+0.76%
Price / MA50:	-0.02%
Price / MA100:	+1.10%
Price / MAexp7:	+0.01%
Price / MAexp20:	+0.29%
Price / MAexp50:	+0.50%
Price / MAexp100:	+1.63%

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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