Indices / Page 16

Technical Analysis – GER 30 index extends bullish journey in uncharted waters

Posted on June 7, 2021 at 3:35 pm GMT

The German 30 index (cash) is gradually stretching its long-term uptrend in uncharted waters, tip-toeing to a fresh all-time high of 15,732 on Monday. Despite the slow pace in the bullish run, the momentum indicators have yet to confirm overbought conditions as the RSI has yet to touch its 70 level and the Stochastics continue to slope upwards after the break above 80. The soft positive momentum in the MACD is another indication that upside pressures could dominate in the [..]

Technical analysis – US 500 index retains bullish bias despite mute tone

Posted on June 7, 2021 at 2:30 pm GMT

The US 500 index (cash) managed to log two consecutive green weeks and remain close to its recent record highs despite its dull tone. With the price trading above its simple moving averages (SMAs), the RSI resuming its upward slope, and the MACD hovering above its red signal line, there is scope for more improvement. The bulls however, should claim the 4,244 peak in order to attract new buying interest towards the 4,300 and 4,400 psychological levels. On the flip [..]

Technical Analysis – US 30 index consolidates near highs as bearish pressures fade

Posted on June 3, 2021 at 3:33 pm GMT

The US 30 stock index’s (Cash) latest positive drive seems to have slowed somewhat near its highs. That said the soaring simple moving averages (SMAs) are safeguarding the broader bullish uptrend. Moreover, the Ichimoku lines are endorsing a neutral-to-bullish bearing, while the short-term oscillators are conveying mixed signals in directional momentum. The MACD is standing a tad above its red trigger line, while the RSI is trying to improve in bullish territory. The negative charge in the stochastic oscillator is [..]

Technical Analysis – US 500 sees bullish drive evaporate

Posted on May 31, 2021 at 12:19 pm GMT

The US 500 stock index (Cash) is hovering around the 4,200 mark after recently improving from the 50-day simple moving average (SMA). The advancing SMAs are shielding the broader bullish outlook, while the flattening in the Ichimoku lines is indicating the lack of positive drive within the index. The short-term oscillators are reflecting a muted positive market mood. The MACD is above its red trigger line, slightly north of the zero threshold, while the RSI appears to be fading in [..]

Technical Analysis – US 500 index flashes green above 200-SMA

Posted on May 24, 2021 at 9:50 am GMT

The US 500 stock index (Cash) is conveying a slight increase in positive impetus, after its latest rally off the 4,060 low lifted the price above the 4,151 barrier. The latter happens to be the 23.6% Fibonacci retracement of the up leg from 3,853 until 4,244, and the current vicinity of the advancing 200-period simple moving average (SMA). The marginal upturn in the mid-Bollinger band and the flattening out of the bearish 50-period SMA are together signalling that positive sentiment [..]

Technical Analysis – US 30 index capped by 200-MA; downside risks persevere

Posted on May 20, 2021 at 2:41 pm GMT

The US 30 stock index (Cash) is struggling to return above the 200-period simple moving average (SMA) after the strong downward correction off of its all-time high of 35,091. The diving 50-period SMA and its freshly completed bearish crossover of the hovering 100-period SMA is signalling that the index’s positive sentiment is currently lacking. The dwindling slopes of the 100- and 200-period SMAs are promoting a price consolidation phase. Nonetheless, the technical indicators are currently favouring a short-term neutral-to-bearish demeanour [..]

Technical Analysis – JP 225 index sets ground for an upside correction; trend signals bearish

Posted on May 14, 2021 at 7:44 am GMT

Japan’s 225 stock index (cash) faced another volatile session on Thursday, with the price diving to a four-month low of 27,131 before bouncing up to close near its opening level. The market action took the form of a doji candle at the end of the day and was charted clearly below the lower Bollinger band and around the 27,687 support area, signaling a potential upside reversal. The RSI and the fast Stochastics are further increasing the case for an upturn [..]

Technical Analysis – US 500 index sustains steady hike into uncharted waters

Posted on May 10, 2021 at 3:25 pm GMT

The US 500 stock index (Cash) has registered a fresh all-time high of 4,244 and is maintaining its’ decisive bullish tone, which is being shielded by the Ichimoku lines. Moreover, the firm incline in the slopes of the simple moving averages (SMAs) provide a formidable buffer zone for sellers to overcome in order to shift the bias to the downside. The short-term oscillators are transmitting mixed signals in directional sentiment, but the broader picture remains clearly bullish. The MACD is [..]

Technical Analysis – US 30 index reaches another record high; indicators look overbought

Posted on May 7, 2021 at 6:57 am GMT

The US 30 index achieved a fresh all-time high around 34,580 earlier today after several days of sideways moves. Currently, the price is hovering near its opening level with the RSI confirming the flat momentum. Moreover, the stochastic oscillator is jumping in the overbought territory suggesting that the upside extension on price may come to an end. If the index successfully jumps to uncharted levels, it may find a strong obstacle near the next psychological marks such as 35,000, 35,500 and 36,000. In the negative scenario, [..]

Technical Analysis – US 500 index edges sideways; uptrend still intact

Posted on April 28, 2021 at 6:15 am GMT

The US 500 stock index (Cash) is consolidating just beneath its fresh all-time high of 4,198 by sustaining some footing off the mid-Bollinger band around 4,173. Positive momentum is present after sellers failed on two occasions to overturn the bullish bias by steering beneath the 50-period simple moving average (SMA). However, currently, the necessary impetus to steer the index higher is frail. The bullish SMAs are defending the ascent, while the short-term oscillators are conveying mixed signals in directional momentum. [..]

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