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Price Based Technical Analysis


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

SML Index Info

> Open SML Chart > SML Quotes > SML Components   

SML Technical Analysis:

> Summary > Price > Advance/Decline > Volume > Volatility

S&P SmallCap 600 Index (^SML)

Select Index:
Time (ET) Last Change Open High Low Volume
 Close  Change  Open  High  Low  Volume
Friday, July 30, 2010 16:00 348.47 -0.35 (-0.10%) 345.27 350.92 342.89 231,581K

S&P 600 Technical Analysis

Price Based Technical Analysis

S&P SmallCap 600 Index (^SML) Exponential Moving Averages Analysis

Indicator Last Change Sentiment*
Moving Average Moving Average Last Moving Average Change Moving Average Sentiment
5-day Exponential Moving Average 348.81 -0.13 (-0.04%) Bearish
10-day Exponential Moving Average 346.22 0.52 (0.15%) Bullish
20-day Exponential Moving Average 343.33 0.55 (0.16%) Bullish
50-day Exponential Moving Average 345.44 0.13 (0.04%) Bullish
130-day Exponential Moving Average 345.01 0.05 (0.02%) Bullish
260-day Exponential Moving Average 333.78 0.11 (0.03%) 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 SmallCap 600 Index (^SML) MACD(12,26) Analysis

Indicator Last Change Sentiment*
MACD Indicator MACD Last MACD Change MACD Sentiment
EMA(12): Fast Exponential MA 345.31 0.59 (0.17%) MACD sentiment is Bullish
, although MACD Histogram moves down, it may indicate the possibility of coming changes in MACD sentiment
EMA(26): Slow Exponential MA 343.10 0.44 (0.13%)
MACD (12,26) 2.22 0.15 (7.36%)
MACD Signals: EMA(9) applied to MACD -0.24 0.63 (-72.10%)
MACD Histogram 2.46 -0.48 (-16.20%)
*  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 SmallCap 600 Index (^SML) Stochastics Analysis

Indicator Raw
Stochastics
Stochastics
%K
Stochastics
%D
Sentiment*
Stochastics Indicator Raw Stochastics Stochastics %K Stochastics %D Stochastics Sentiment
9-day Stochastics 65.05 66.07 74.18 Bullish, yet close to become Bearish
14-day Stochastics 65.58 66.25 74.24 Bullish, yet close to become Bearish
20-day Stochastics 72.36 72.90 79.31 Bullish, yet close to become 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 SmallCap 600 Index (^SML) RSI (Relative Strength Index) Analysis

Indicator Average
Gain
Average
Loss
Relative Strength
(RS)
Relative Strength
Index (RSI)
Sentiment*
RSI Indicator Average Gain Average Loss Relative Strength RSI RSI Sentiment
9-day Strength 3.53 1.56 2.26 69.28 Bullish
14-day Strength 3.15 2.19 1.44 59.04 Bullish
20-day Strength 3.22 2.07 1.55 60.82 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%.

Check other S&P SmallCap 600 Index (^SML) Index quotes

> SML Advance/Decline Sentiment

> SML Advance/Decline Ratio

> SML Advance/Decline Line

> SML TRIN

> SML McClellan Oscillator

> SML Daily Volume

> SML Average Volume

> SML Moving Averages

> SML Stochastics

> SML MACD

> SML RSI

Note: Please bear in mind that the S&P SmallCap 600 Index (^SML) indicator setting used in the S&P 600 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 600 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 600 volatility indicators to define the current market stage and adjust the S&P 600 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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7/31/2010 - SV1