S&P 500 NONUS DOLLAR ER - Daily - Technical analysis published on 10/26/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
72%
6%
22%
My opinion
Bullish above 277.09 USD
My targets
287.40 USD (+1.72%)
310.20 USD (+9.79%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for S&P 500 NONUS DOLLAR ER as long as the price remains well above 277.09 USD. The buyers' bullish objective is set at 287.40 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 310.20 USD. If there is any crossing, the next objective would be the resistance located at 332.45 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 287.40 USD. On this resistance, against the trend traders who would like to go short on S&P 500 NONUS DOLLAR ER with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
2.5
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Additional analysis
Quotes
The S&P 500 NONUS DOLLAR ER rating is 282.54 USD. On the day, this instrument gained +2.57% with the lowest point at 273.91 USD and the highest point at 283.00 USD. The deviation from the price is +3.15% for the low point and -0.16% for the high point.273.91
283.00
282.54
Here is a more detailed summary of the historical variations registered by S&P 500 NONUS DOLLAR ER:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of S&P 500 NONUS DOLLAR ER indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 203.05 | 240.53 | 259.03 | 282.54 | 287.40 | 310.20 | 332.45 |
| Change (%) | -28.13% | -14.87% | -8.32% | - | +1.72% | +9.79% | +17.66% |
| Change | -79.49 | -42.01 | -23.51 | - | +4.86 | +27.66 | +49.91 |
| Level | Intermediate | Intermediate | Major | - | Major | Intermediate | 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 | 274.21 | 276.47 | 279.97 | 282.23 | 285.73 | 287.99 | 291.49 |
| Camarilla | 281.90 | 282.42 | 282.95 | 283.48 | 284.01 | 284.54 | 285.06 |
| Woodie | 274.84 | 276.78 | 280.60 | 282.54 | 286.36 | 288.30 | 292.12 |
| Fibonacci | 276.47 | 278.67 | 280.03 | 282.23 | 284.43 | 285.79 | 287.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 245.51 | 251.44 | 261.74 | 267.67 | 277.97 | 283.90 | 294.20 |
| Camarilla | 267.57 | 269.06 | 270.54 | 272.03 | 273.52 | 275.01 | 276.49 |
| Woodie | 247.69 | 252.53 | 263.92 | 268.76 | 280.15 | 284.99 | 296.38 |
| Fibonacci | 251.44 | 257.64 | 261.47 | 267.67 | 273.87 | 277.70 | 283.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 180.35 | 218.05 | 239.39 | 277.09 | 298.43 | 336.13 | 357.47 |
| Camarilla | 244.48 | 249.90 | 255.31 | 260.72 | 266.13 | 271.54 | 276.96 |
| Woodie | 172.16 | 213.96 | 231.20 | 273.00 | 290.24 | 332.04 | 349.28 |
| Fibonacci | 218.05 | 240.61 | 254.54 | 277.09 | 299.65 | 313.58 | 336.13 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.98 | |
| MACD (12,26,9): | -0.5600 | |
| Directional Movement: | 0.41 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 268.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 256.21 | |
| Elder Ray (13): | 8.74 | |
| Super Trend (3,10): | 256.38 | |
| Zig ZAG (10): | 282.63 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 95.10 | |
| TEMA (21): | 274.85 | |
| Williams %R (14): | -1.02 | |
| Chande Momentum Oscillator (20): | 25.18 | |
| Repulse (5,40,3): | 4.3400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2200 | |
| Courbe Coppock: | 7.24 |
| MA7: | 273.19 | |
| MA20: | 268.18 | |
| MA50: | 281.33 | |
| MA100: | 294.39 | |
| MAexp7: | 275.16 | |
| MAexp20: | 271.68 | |
| MAexp50: | 280.40 | |
| MAexp100: | 295.84 | |
| Price / MA7: | +3.42% | |
| Price / MA20: | +5.35% | |
| Price / MA50: | +0.43% | |
| Price / MA100: | -4.03% | |
| Price / MAexp7: | +2.68% | |
| Price / MAexp20: | +4.00% | |
| Price / MAexp50: | +0.76% | |
| Price / MAexp100: | -4.50% |
Quotes :
-
End-of-day data
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S&P Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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