S&P EUROPE 350 INFO TECH SECTOR

SPE350-45

- EUR (-)

- End-of-day data - S&P Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	SPE350-45
ISIN:	SPE350-45

S&P EUROPE 350 INFO TECH SECTOR - Daily - Technical analysis published on 10/26/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

78%

17%

My opinion

Bullish above 2,462.18 EUR

My targets

2,515.52 EUR (+1.94%)

2,753.66 EUR (+11.59%)

My analysis

The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for S&P EUROPE 350 INFO TECH SECTOR as long as the price remains well above 2,462.18 EUR. The buyers' bullish objective is set at 2,515.52 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,753.66 EUR. If there is any crossing, the next objective would be the resistance located at 2,879.40 EUR.

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

3.4

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

Additional analysis

Quotes

The S&P EUROPE 350 INFO TECH SECTOR price is 2,467.71 EUR. The price has increased by +3.91% since the last closing with the lowest point at 2,374.85 EUR and the highest point at 2,473.38 EUR. The deviation from the price is +3.91% for the low point and -0.23% for the high point.

2,374.85

2,473.38

2,467.71

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

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this S&P EUROPE 350 INFO TECH SECTOR chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

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

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:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,988.05	2,187.69	2,314.61	2,467.71	2,515.52	2,753.66	2,879.40
Change (%)	-19.44%	-11.35%	-6.20%	-	+1.94%	+11.59%	+16.68%
Change	-479.66	-280.02	-153.10	-	+47.81	+285.95	+411.69
Level	Major	Major	Major	-	Intermediate	Major	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	2,369.37	2,392.07	2,417.33	2,440.03	2,465.29	2,487.99	2,513.25
Camarilla	2,429.41	2,433.81	2,438.20	2,442.60	2,447.00	2,451.39	2,455.79
Woodie	2,370.66	2,392.71	2,418.62	2,440.67	2,466.58	2,488.63	2,514.54
Fibonacci	2,392.07	2,410.39	2,421.71	2,440.03	2,458.35	2,469.67	2,487.99

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,052.95	2,112.77	2,217.66	2,277.48	2,382.37	2,442.19	2,547.08
Camarilla	2,277.26	2,292.35	2,307.45	2,322.55	2,337.65	2,352.75	2,367.85
Woodie	2,075.49	2,124.04	2,240.20	2,288.75	2,404.91	2,453.46	2,569.62
Fibonacci	2,112.77	2,175.69	2,214.56	2,277.48	2,340.40	2,379.27	2,442.19

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,718.16	1,946.85	2,090.17	2,318.86	2,462.18	2,690.87	2,834.19
Camarilla	2,131.20	2,165.30	2,199.40	2,233.50	2,267.60	2,301.70	2,335.80
Woodie	1,675.49	1,925.51	2,047.50	2,297.52	2,419.51	2,669.53	2,791.52
Fibonacci	1,946.85	2,088.95	2,176.75	2,318.86	2,460.96	2,548.76	2,690.87

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):	61.37
MACD (12,26,9):	8.6500
Directional Movement:	7.42
AROON (14):	57.15
DEMA (21):	2,318.01
Parabolic SAR (0,02-0,02-0,2):	2,145.41
Elder Ray (13):	105.26
Super Trend (3,10):	2,220.47
Zig ZAG (10):	2,442.54
VORTEX (21):	1.1100
Stochastique (14,3,5):	93.63
TEMA (21):	2,367.12
Williams %R (14):	-8.18
Chande Momentum Oscillator (20):	191.46
Repulse (5,40,3):	4.8900
ROCnROLL:	1
TRIX (15,9):	-0.1600
Courbe Coppock:	5.27

MA7:	2,352.78
MA20:	2,293.03
MA50:	2,379.35
MA100:	2,430.26
MAexp7:	2,369.57
MAexp20:	2,324.10
MAexp50:	2,367.62
MAexp100:	2,457.23
Price / MA7:	+4.88%
Price / MA20:	+7.62%
Price / MA50:	+3.71%
Price / MA100:	+1.54%
Price / MAexp7:	+4.14%
Price / MAexp20:	+6.18%
Price / MAexp50:	+4.23%
Price / MAexp100:	+0.43%

Quotes : - End-of-day data - S&P Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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