S&P500 - MINI S&P500 FULL0325 - 1H - Technical analysis published on 06/08/2023 (GMT)
- 97
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
56%
6%
39%
My opinion
Neutral between 4,243.08 USD and 4,305.25 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on S&P500 - MINI S&P500 FULL0623. It is difficult to advise a trading direction under these conditions. The first resistance is located at 4,305.25 USD. The first support is located at 4,243.08 USD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by palaki06. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0623 price is 4,277.00 USD. The price registered an increase of +0.06% on the session and was traded between 4,262.75 USD and 4,280.25 USD over the period. The price is currently at +0.33% from its lowest and -0.08% from its highest.4,262.75
4,280.25
4,277.00
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
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 (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 1H chart of S&P500 - MINI S&P500 FULL0623 indicates that the overall trend is slightly bullish. 46.43% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,220.72 | 4,243.08 | 4,268.65 | 4,277.00 | 4,285.25 | 4,305.25 | 4,393.00 |
| Change (%) | -1.32% | -0.79% | -0.20% | - | +0.19% | +0.66% | +2.71% |
| Change | -56.28 | -33.92 | -8.35 | - | +8.25 | +28.25 | +116.00 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major | Intermediate |
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 | 4,225.25 | 4,247.25 | 4,260.75 | 4,282.75 | 4,296.25 | 4,318.25 | 4,331.75 |
| Camarilla | 4,264.49 | 4,267.74 | 4,271.00 | 4,274.25 | 4,277.50 | 4,280.76 | 4,284.01 |
| Woodie | 4,221.00 | 4,245.13 | 4,256.50 | 4,280.63 | 4,292.00 | 4,316.13 | 4,327.50 |
| Fibonacci | 4,247.25 | 4,260.81 | 4,269.19 | 4,282.75 | 4,296.31 | 4,304.69 | 4,318.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,085.00 | 4,129.50 | 4,208.75 | 4,253.25 | 4,332.50 | 4,377.00 | 4,456.25 |
| Camarilla | 4,253.97 | 4,265.31 | 4,276.66 | 4,288.00 | 4,299.34 | 4,310.69 | 4,322.03 |
| Woodie | 4,102.38 | 4,138.19 | 4,226.13 | 4,261.94 | 4,349.88 | 4,385.69 | 4,473.63 |
| Fibonacci | 4,129.50 | 4,176.77 | 4,205.98 | 4,253.25 | 4,300.52 | 4,329.73 | 4,377.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,931.42 | 3,996.83 | 4,112.42 | 4,177.83 | 4,293.42 | 4,358.83 | 4,474.42 |
| Camarilla | 4,178.23 | 4,194.82 | 4,211.41 | 4,228.00 | 4,244.59 | 4,261.18 | 4,277.78 |
| Woodie | 3,956.50 | 4,009.38 | 4,137.50 | 4,190.38 | 4,318.50 | 4,371.38 | 4,499.50 |
| Fibonacci | 3,996.83 | 4,065.98 | 4,108.69 | 4,177.83 | 4,246.98 | 4,289.69 | 4,358.83 |
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): | 49.34 | |
| MACD (12,26,9): | -2.1400 | |
| Directional Movement: | -1.03 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 4,271.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,264.50 | |
| Elder Ray (13): | 0.54 | |
| Super Trend (3,10): | 4,286.14 | |
| Zig ZAG (10): | 4,275.50 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 70.49 | |
| TEMA (21): | 4,271.48 | |
| Williams %R (14): | -26.87 | |
| Chande Momentum Oscillator (20): | 1.75 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.02 |
| MA7: | 4,261.04 | |
| MA20: | 4,206.40 | |
| MA50: | 4,168.43 | |
| MA100: | 4,115.11 | |
| MAexp7: | 4,273.86 | |
| MAexp20: | 4,274.84 | |
| MAexp50: | 4,277.44 | |
| MAexp100: | 4,269.62 | |
| Price / MA7: | +0.37% | |
| Price / MA20: | +1.68% | |
| Price / MA50: | +2.60% | |
| Price / MA100: | +3.93% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | +0.17% |
Quotes :
-
10 min delayed data
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CME E-mini Futures
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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