SPDR - UTILITIES - Daily - Technical analysis published on 09/25/2022 (GMT)
- 119
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 74.31 USD
My targets
70.98 USD (-1.09%)
66.56 USD (-7.25%)
My analysis
SPDR - UTILITIES is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 74.31 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 70.98 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 66.56 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 64.90 USD. Beware of a possible return to above the resistance located at 74.31 USD which would be a sign of a correction of the short-term bearish excesses registered.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
3.9
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 Clay707. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SPDR - UTILITIES rating 71.76 USD. The price registered a decrease of -1.16% on the session and was traded between 70.84 USD and 71.99 USD over the period. The price is currently at +1.30% from its lowest and -0.32% from its highest.70.84
71.99
71.76
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
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 (5 years)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SPDR - UTILITIES indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from 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 100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 64.90 | 66.56 | 70.98 | 71.76 | 74.31 | 75.37 | 76.96 |
| Change (%) | -9.56% | -7.25% | -1.09% | - | +3.55% | +5.03% | +7.25% |
| Change | -6.86 | -5.20 | -0.78 | - | +2.55 | +3.61 | +5.20 |
| Level | Major | Minor | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.92 | 70.38 | 71.07 | 71.53 | 72.22 | 72.68 | 73.37 |
| Camarilla | 71.44 | 71.55 | 71.66 | 71.76 | 71.87 | 71.97 | 72.08 |
| Woodie | 70.04 | 70.44 | 71.19 | 71.59 | 72.34 | 72.74 | 73.49 |
| Fibonacci | 70.38 | 70.82 | 71.09 | 71.53 | 71.97 | 72.24 | 72.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 65.95 | 68.39 | 70.08 | 72.52 | 74.21 | 76.65 | 78.34 |
| Camarilla | 70.62 | 71.00 | 71.38 | 71.76 | 72.14 | 72.52 | 72.90 |
| Woodie | 65.57 | 68.20 | 69.70 | 72.33 | 73.83 | 76.46 | 77.96 |
| Fibonacci | 68.39 | 69.97 | 70.95 | 72.52 | 74.10 | 75.08 | 76.65 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.53 | 69.57 | 71.96 | 75.00 | 77.39 | 80.43 | 82.82 |
| Camarilla | 72.85 | 73.35 | 73.84 | 74.34 | 74.84 | 75.34 | 75.83 |
| Woodie | 66.20 | 69.41 | 71.63 | 74.84 | 77.06 | 80.27 | 82.49 |
| Fibonacci | 69.57 | 71.65 | 72.93 | 75.00 | 77.08 | 78.36 | 80.43 |
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): | 34.83 | |
| MACD (12,26,9): | -0.5500 | |
| Directional Movement: | -20.98 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 74.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 76.36 | |
| Elder Ray (13): | -2.92 | |
| Super Trend (3,10): | 75.66 | |
| Zig ZAG (10): | 71.76 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 6.45 | |
| TEMA (21): | 73.17 | |
| Williams %R (14): | -87.53 | |
| Chande Momentum Oscillator (20): | -5.37 | |
| Repulse (5,40,3): | -1.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 4.88 |
| MA7: | 73.61 | |
| MA20: | 75.16 | |
| MA50: | 74.37 | |
| MA100: | 72.64 | |
| MAexp7: | 73.49 | |
| MAexp20: | 74.72 | |
| MAexp50: | 74.31 | |
| MAexp100: | 73.24 | |
| Price / MA7: | -2.51% | |
| Price / MA20: | -4.52% | |
| Price / MA50: | -3.51% | |
| Price / MA100: | -1.21% | |
| Price / MAexp7: | -2.35% | |
| Price / MAexp20: | -3.96% | |
| Price / MAexp50: | -3.43% | |
| Price / MAexp100: | -2.02% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis SPDR - UTILITIES - Daily