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Price Based Technical Analysis - S&P Financials Index


     

Below are the results of the price-based technical analysis (Moving Averages, MACD, Stochastics, RSI) applied to the IXM index.

S&P  Financials Index (^IXM)

Select Index:
Time (ET)LastChangeOpenHighLowVolume
Monday, September 15, 2014 16:000.000.00 (0.00%)0.000.000.000K

S&P Financials Technical Analysis

Price Based Technical Analysis

S&P  Financials Index (^IXM) Exponential Moving Averages Analysis

IndicatorLastChangeSentiment*
5-day Moving Average 0.00 0.00 (0.00%) Bullish
10-day Moving Average 0.00 0.00 (0.00%) Bullish
20-day Moving Average 0.00 0.00 (0.00%) Bullish
50-day Moving Average 0.00 0.00 (0.00%) Bullish
130-day Moving Average 0.00 0.00 (0.00%) Bullish
260-day Moving Average 0.00 0.00 (0.00%) Bullish

*  In technical analysis, a Moving Average is considered to be bullish when it moves below the price trend. Conversely, a Moving Average is considered to be Bearish when it moves above the price trend.

S&P  Financials Index (^IXM) MACD(12,26) Analysis

IndicatorLastChangeSentiment*
EMA(12): Fast Exponential MA 0.00 0.00 (0.00%) MACD sentiment is Bullish
EMA(26): Slow Exponential MA 0.00 0.00 (0.00%)
MACD (12,26) 0.00 0.00 (0.00%)
MACD Signals: EMA(9) applied to MACD 0.00 0.00 (0.00%)
MACD Histogram 0.00 0.00 (0.00%)

*  In technical analysis, the MACD is considered to be bullish when it moves above the Signals Line. Conversely, the MACD is considered to be Bearish when it moves below the Signal Line.

S&P  Financials Index (^IXM) Stochastics Analysis

IndicatorRaw
Stochastics
Stochastics
%K
Stochastics
%D
Sentiment*
9-day Stochastics 0.00 0.00 0.00 Strongly Bearish
14-day Stochastics 0.00 0.00 0.00 Strongly Bearish
20-day Stochastics 0.00 0.00 0.00 Strongly Bearish

*  In technical analysis, Stochastics is considered to be bullish when it moves above 80%. Conversely, Stochastics is considered to be Bearish when it moves below 20%.

S&P  Financials Index (^IXM) RSI (Relative Strength Index) Analysis

IndicatorAverage
Gain
Average
Loss
Relative Strength
(RS)
Relative Strength
Index (RSI)
Sentiment*
9-day Strength 0.00 0.00 0.00 0.00 Strongly Bearish
14-day Strength 0.00 0.00 0.00 0.00 Strongly Bearish
20-day Strength 0.00 0.00 0.00 0.00 Strongly Bearish

*  In technical analysis, RSI is considered to be bullish when it moves above 70%. Conversely, it is considered to be Bearish when it moves below 30%.

Note: Please bear in mind that the S&P  Financials Index (^IXM) indicator setting used in the S&P Financials quotes table above is one of the commonly used. However, this indicator setting may not necessarily work for all traders or be good in different markets. We recommend that you use our S&P Financials charts and check various indicator settings before using it in a real market for a trading decision. At the same time, we recommend that you consult S&P Financials volatility indicators to define the current market stage and adjust the S&P Financials indicator setting accordingly.

About Price Technical Indicators.

Moving Averages

Moving averages are one of the simplest and most commonly used use tools available to the technical analyst. They are used not only to analyze a trend, but also as a foundation stone in more complex technical indicators. In almost any technical indicator you will find that the moving averages are used to smooth data and draw signal lines. Moving averages could be called the most important tool in technical analysis.

There are two types of moving averages - simple moving average and exponential moving average. A simple moving average is calculated as the sum of the price values over a specified period of time (a specified number of bars) divided by the number of bars in that period. An exponential moving average can be calculated as a percent-based EMA or as a period-based EMA. The formula for an exponential moving average is:

Current EMA = ( (Current Price - Previous EMA ) x Multiplier) + Previous EMA

MACD

MACD is one of the most frequently used indicators in technical analysis and is calculated as the difference between two exponential moving averages (EMA) applied to the close price:

MACD = Fast Exponential Moving Average - Slow Exponential Moving Average

A MACD signal line (or trigger line) is then formed by applying exponential or simple moving average to the MACD line.

MACD Signal = MA applied to MACD

The difference between the MACD and the MACD signal line forms the MACD Histogram.

MACD Histogram = MACD - MACD Signal Line.

Stochastics

Stochastics measures the relationship between a price and a price range over a specified period of time. Stochastics is formed by the Raw Stochastics Line, the %K line (Fast Stochastics), and it is the %D line (Slow Stochastics). The Raw Stochastics value is calculated by the following formula:

Raw Stochastics = 100 [(C - L14) / (H14 - L14)]

A 3-period moving average is applied to Raw Stochastics to form %K (fast Stochastics). Still, Fast Stochastics can be very volatile and another 3-period moving average is applied to %K to form %D (Slow Stochastics).

RSI

The Relative Strength Index (RSI) is one of the most popular momentum oscillators in technical analysis. The RSI compares recent gains to recent losses. The RSI is calculated by the following formula:

RSI = 100 - 100 / (1 + RS)

where RS stands for Relative Strength and is calculated as the ratio of average gains to average losses. The average gain is calculated as the sum of the gains in winning periods divided by the total number of periods. The average loss is calculated as the sum of the losses in losing periods divided by the total number of periods.

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