Indices / Page 15

Technical Analysis – US 500 index’s plunge stretches below 200-MA

Posted on July 19, 2021 at 3:20 pm GMT

The US 500 stock index has continued to deteriorate from the region of its all-time highs of 4,392, slipping below the simple moving averages (SMAs), before finding some footing around the 4,232-4,241 support zone. The topping 50-period SMA is suggesting a slight shift in sentiment to the downside as it heads for a bearish crossover of the 100-period SMA. The diving Ichimoku lines are backing strong downward momentum, while the short-term oscillators are signalling dictating bearish forces. The MACD, below [..]

Technical Analysis – US 500 index stays buoyant as negative pressures evaporate

Posted on July 12, 2021 at 3:35 pm GMT

The US 500 stock index (Cash) appears to remain upbeat, having stretched to a fresh all-time high of 4,381, after a recent but only minor pullback to a low of 4,287, residing amid the bullish Ichimoku lines presently at 4,332 and 4,265. The simple moving averages (SMAs) are maintaining firm northbound bearings, providing defences to the positive structure. The short-term oscillators are also indicating price’s preference to steer higher, reflecting the pickup in positive sentiment. The MACD, north of the [..]

Technical Analysis – JP 225 index plummets to test 200-day SMA

Posted on July 8, 2021 at 10:48 am GMT

Japan’s 225 stock index (cash) slumped by more than 2.0% to the lowest since May 13 in the wake of the news that Japan will resume the state of emergency in Tokyo ahead of the Olympic games. The 200-day simple moving average (SMA) is currently under examination around 27,740 and near a key support region for the first time in a year as the RSI and the Stochastics dip in the oversold area. The rampant negative momentum in the MACD [..]

Technical Analysis – US 500 index at fresh top of 4,355; upside risks look sturdy

Posted on July 5, 2021 at 1:06 pm GMT

The US 500 stock index (Cash) is consolidating in the vicinity of the 4,350 level, after spiking to a new all-time high of 4,355 on Friday, the former being the 150.0% Fibonacci extension of the down leg from 4,244 until 4,034. The rising simple moving averages (SMAs) are endorsing the bullish picture, while the Ichimoku lines are mirroring a pause in positive momentum. The short-term oscillators are currently mixed as the price persists around its highs. The MACD is far [..]

Technical Analysis – US 30 stock index challenges short-term bearish trajectory as bulls keep pressing

Posted on July 2, 2021 at 10:34 am GMT

The US 30 index (cash) has successfully returned above the dashed long-term restrictive line, but the upper boundary of a short-term bearish channel is currently threatening to keep the index in a downward trajectory at 34,682. A pullback, however, may not raise serious concerns if the 20-day simple moving average (SMA) and the dashed restrictive line, which both converge to 34,240, manage to place a strong footing under the price. Should the bears breach that floor, the sell-off could speed up towards the 100-day SMA currently [..]

Technical Analysis – US 500 index tiptoes to fresh all-time high

Posted on June 28, 2021 at 2:38 pm GMT

The US 500 stock index (Cash) has ticked to a new all-time high of 4,289, basically a step or two higher from its June 15 level of 4,267. The firm simple moving averages (SMAs) are shielding the uptrend and are steering the price towards the 4,323 level, which happens to be the 176.4% Fibonacci extension of the down leg from 3,396 until 2,183. The Ichimoku lines have converged and are not reflecting growing positive momentum at the moment. The short-term [..]

Technical Analysis – JP 225 index finds footing after yesterday’s strong pullback

Posted on June 17, 2021 at 3:13 pm GMT

The Japan 225 index (Cash) has improved marginally above the 50-period simple moving average (SMA) and is now tackling the converged Ichimoku lines around 29,168. The SMA’s bullish demeanours have yet to evaporate, which is positive for the upside outlook. The price bounce within the support region between the 28,920 level and the 28,831 low, the former being the 23.6% Fibonacci retracement of the up leg from 27,131 until 29,424, recouped lost ground but the positive drive seems to have [..]

Technical Analysis – US 30 index retreats below SMAs in short-term

Posted on June 17, 2021 at 1:04 pm GMT

The US 30 (Cash) index posted a negative correction movement after it topped at 34,881 in the beginning of the month. The price also declined below the 20- and 40-day simple moving averages (SMAs) and is holding in the Ichimoku cloud. The RSI is falling beneath the 50 level and the stochastic is flirting with the oversold territory. More losses might push the price down to the 33,267 barrier, before crashing to 32,080. Underneath these obstacles, the 23.6% Fibonacci retracement level of the [..]

Technical Analysis – US 500 index bit by bit resumes broader bullish bias

Posted on June 14, 2021 at 11:21 am GMT

The US 500 stock index (Cash) is poised to move higher after having registered a fresh all-time high of 4,257. The 50- and 100-period simple moving averages (SMAs) are regaining their positive incline, sponsoring strengthening sentiment in the index. The Ichimoku lines are endorsing positive price action, while the short-term oscillators’ bullish signals appear to be under strain. The MACD is holding above its static red trigger line, while the RSI is struggling to steer higher in bullish territory. Although [..]

Technical Analysis – US 100 index flirts with 14,000 after quick bounce

Posted on June 11, 2021 at 12:24 pm GMT

The US 100 stock index (cash) is flirting with the 14,000 mark thanks to Thursday’s speedy rebound on the 50-period simple moving average (SMA) in the four-hour chart. While the price is currently trying to resume its ascent, a downside reversal is now looking increasingly possible as the RSI has diminished near its 70 overbought level, which was a resistance regions a few days ago. The ascent in the Stochastics also seems to have peaked above the 80 overbought level, [..]

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