Technical Analysis

Stock Market Technical Analysis

Daily technical analysis for the most popular stock market indices as well as individual shares.

	UK Shares
	US Shares
	German Shares

The following technical analysis looks at both short-term and long-term market moves. The analysts review the support & resistance levels and give opinions on where the markets are heading. For more technical analysis also see:

	Forex Technical Analysis
	Commodities Technical Analysis

Stock Market Technical Analysis - Updated: 23 May 2013

	FTSE 100 Technical Analysis
23-May-13	[7:38am] FTSE 100 Technical Analysis (30 mins chart) FTSE 100 pivot point: 6802 Our preference: SHORT positions below 6802 with targets @ 6680 & 6644. Alternative scenario: The upside breakout of 6802 will open the way to 6860 & 6890. Comment: The RSI is bearish and calls for further decline. Update by CleanFinancial FTSE 100 Guide » Prices » Charts » Market View

	Dow Jones Technical Analysis
23-May-13	[7:38am] Dow Jones Technical Analysis (30 mins chart) Dow Jones pivot point: 15415 Our preference: SHORT positions below 15415 with 15145 & 15080 in sight. Alternative scenario: The upside penetration of 15415 will call for a rebound towards 15530 & 15650. Comment: the RSI advocates for further decline. Update by
23-May-13	[4:14am] The Dow Jones futures market closed lower on Wednesday and the low-range close set the stage for a steady-to-lower opening when Thursday's session begins trading. Stochastics and the RSI are bullish signalling that a low might be in or is near. Closes above the 20 day moving average crossing are needed to confirm that a low has been posted. If it extends this month's decline, the 75% retracement level of the 2008-2011 rally crossing is the next downside target. Update by CleanFinancial Dow Jones Guide » Prices » Charts » Market View

	S&P 500 Technical Analysis
23-May-13	[7:38am] The S&P 500 (1655.35) remains above its 20 DMA (1627.1 - upward slope) and 50 DMA (1588.5 - upward slope). The RSI14 (64.6) fell below its overbought threshold (70). Update by
23-May-13	[4:14am] The S&P 500 futures market posted a key reversal down on Wednesday and the low-range close sets the stage for a steady-to-lower opening when Thursday's session begins trading. Stochastics and the RSI are turning neutral-to-bearish hinting that a short-term top might be in or is near. If it extends this year's rally into uncharted territory, upside targets will be hard to project. Closes below the 20 day moving average crossing would confirm that a short-term top has been posted. Update by CleanFinancial S&P 500 Guide » Prices » Charts » Market View

NASDAQ 100 Technical Analysis

23-May-13

[4:14am] The Nasdaq futures market posted a key reversal down on Wednesday. Stochastics and the RSI remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. The low-range close sets the stage for a steady-to-lower opening on Thursday. If the Dow extends the rally off November's low into uncharted territory, upside targets will be hard to project. Closes below the 20 day moving average crossing would confirm that a short-term top has been posted.

Update by

CleanFinancial NASDAQ 100 Guide » Prices » Charts » Market View

UK Shares Technical Analysis

23-May-13

[7:38am] UK Shares - Crossing Over their 50 Day Moving Average:

Glencore Xstrata (+3.5% to 351p)
Petrofac Ltd (+0.57% to 1403p)
Sainsbury (+1.46% to 382p)

UK Shares - Crossing Under their 50 Day Moving Average:

Inmarsat (-2.22% to 683p).

Update by

CleanFinancial UK Shares Guide » Prices » Charts » Market View

US Shares Technical Analysis

23-May-13

[7:38am] American Shares - Crossing Under their 50 Day Moving Average:

Ace Ltd (ACE -0.51% to $89.55)
Adobe Systems (ADBE -1.93% to $43.17)
AES Corporation (AES -1.23% to $12.84)
Altera (ALTR -3.27% to $32.8)
American Electric Power (AEP -1.56% to $48.59)
Ball Corp (BLL -1.36% to $45.66)
CBRE Group (CBG -3.39% to $24.23)
Centerpoint Energy (CNP -2.59% to $23.74)
Cincinnati Financial (CINF -1.03% to $47.9)
CMS Energy (CMS -1.67% to $28.33)
Conagra Foods (CAG -1.29% to $35.19)
Crown Castle Intl Corp (CCI -3.68% to $74.05)
Dominion Resources (D -2.36% to $59.26)
Firstenergy (FE -0.84% to $43.5)
General Mills (GIS -0.67% to $49.03)
International Paper (IP -2.62% to $46.5)
JDSU (JDSU -4.04% to $13.29)
Joy Global (JOY -3.61% to $56.82)
Marathon Petroleum (MPC -0.52% to $82.45)
Monsanto (MON -2.39% to $104.04)
Oneok Inc (OKE -2.33% to $48.19)
Public Service Enterprise (PEG -1.35% to $34.3).

Update by

CleanFinancial US Shares Guide » Prices » Charts » Market View

	German Shares Technical Analysis
23-May-13	[7:38am] German Shares - Crossing Over their 50 Day Moving Average: Fuchs Petrolub (+2.2% to €64.19) Bilfinger Berger (+0.78% to €79.01) Update by CleanFinancial German Shares Guide » Prices » Charts » Market View

For more stock market views or technical analysis see:

This content is for information purposes only and is not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.

Unless stated otherwise, the above time is based on when we receive the data (London time). All reasonable efforts have been made to present accurate information. The above is not meant to form an exhaustive guide. Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.

Spread Trading and CFDs carry a high level of risk and you may lose more than your initial investment. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.

Article approved/supplied by PipTrade which is a trading name Henyep Capital Markets (UK) Limited which is authorised and regulated by the Financial Services Authority. Register No: 186171.

'Stock Market Technical Analysis' edited by Gordon Childs, updated 23-May-13

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Technical Analysis Index - an Index of Daily Technical Analysis articles covering Trends, Supports and Resistance Levels for some of the major Forex markets as well as US Stock Market Indices like the Dow, NASDAQ 100 and S&P 500.

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The contents on CleanFinancial.com are for information purposes only and are not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.

Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.

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