S P/ ASX 200 INDEX - Daily - Technical analysis published on 09/11/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 7,852.94 AUD
My targets
8,114.70 AUD (+1.59%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on S P/ ASX 200 INDEX. As long as you are above the support located at 7,852.94 AUD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 8,114.70 AUD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 7,852.94 AUD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.7
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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 7,987.90 AUD. On the day, this instrument lost -0.30% and was traded between 7,963.90 AUD and 8,024.50 AUD over the period. The price is currently at +0.30% from its lowest and -0.46% from its highest.7,963.90
8,024.50
7,987.90
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 (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. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
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.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 7,621.68 | 7,852.94 | 7,950.50 | 7,987.90 | 8,114.70 |
| Change (%) | -4.58% | -1.69% | -0.47% | - | +1.59% |
| Change | -366.22 | -134.96 | -37.40 | - | +126.80 |
| Level | Major | Intermediate | Minor | - | Major |
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 | 7,899.10 | 7,931.50 | 7,959.70 | 7,992.10 | 8,020.30 | 8,052.70 | 8,080.90 |
| Camarilla | 7,971.24 | 7,976.79 | 7,982.35 | 7,987.90 | 7,993.46 | 7,999.01 | 8,004.57 |
| Woodie | 7,897.00 | 7,930.45 | 7,957.60 | 7,991.05 | 8,018.20 | 8,051.65 | 8,078.80 |
| Fibonacci | 7,931.50 | 7,954.65 | 7,968.95 | 7,992.10 | 8,015.25 | 8,029.55 | 8,052.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,733.90 | 7,831.20 | 7,922.30 | 8,019.60 | 8,110.70 | 8,208.00 | 8,299.10 |
| Camarilla | 7,961.59 | 7,978.86 | 7,996.13 | 8,013.40 | 8,030.67 | 8,047.94 | 8,065.21 |
| Woodie | 7,730.80 | 7,829.65 | 7,919.20 | 8,018.05 | 8,107.60 | 8,206.45 | 8,296.00 |
| Fibonacci | 7,831.20 | 7,903.17 | 7,947.63 | 8,019.60 | 8,091.57 | 8,136.03 | 8,208.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,243.17 | 7,435.63 | 7,763.77 | 7,956.23 | 8,284.37 | 8,476.83 | 8,804.97 |
| Camarilla | 7,948.74 | 7,996.46 | 8,044.18 | 8,091.90 | 8,139.62 | 8,187.34 | 8,235.07 |
| Woodie | 7,311.00 | 7,469.55 | 7,831.60 | 7,990.15 | 8,352.20 | 8,510.75 | 8,872.80 |
| Fibonacci | 7,435.63 | 7,634.50 | 7,757.36 | 7,956.23 | 8,155.10 | 8,277.96 | 8,476.83 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.51 | |
| MACD (12,26,9): | 25.5600 | |
| Directional Movement: | -4.08 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 8,036.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,109.06 | |
| Elder Ray (13): | -15.24 | |
| Super Trend (3,10): | 7,906.95 | |
| Zig ZAG (10): | 7,987.90 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 38.92 | |
| TEMA (21): | 8,031.67 | |
| Williams %R (14): | -65.15 | |
| Chande Momentum Oscillator (20): | -96.60 | |
| Repulse (5,40,3): | -0.2500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 0.53 |
| MA7: | 8,005.34 | |
| MA20: | 8,019.38 | |
| MA50: | 7,942.12 | |
| MA100: | 7,837.75 | |
| MAexp7: | 8,007.92 | |
| MAexp20: | 7,997.37 | |
| MAexp50: | 7,938.16 | |
| MAexp100: | 7,850.08 | |
| Price / MA7: | -0.22% | |
| Price / MA20: | -0.39% | |
| Price / MA50: | +0.58% | |
| Price / MA100: | +1.92% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | +0.63% | |
| Price / MAexp100: | +1.76% |
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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