S&P 200: NEWS & TECHNICAL Analysis
Australia stocks higher at close of trade; S&P/ASX 200 up 0.21%
Australia stocks were higher after the close on Thursday, as gains in the Energy, Financials and Resources sectors led shares higher.
At the close in Sydney, the S&P/ASX 200 rose 0.21%.
The best performers of the session on the S&P/ASX 200 were Whitehaven Coal Ltd (ASX:WHC), which rose 4.60% or 0.39 points to trade at 8.87 at the close. Meanwhile, Woodside Energy Ltd (ASX:WDS) added 4.30% or 1.39 points to end at 33.73 and Worley Ltd (ASX:WOR) was up 3.68% or 0.51 points to 14.38 in late trade.
The worst performers of the session were South32 Ltd (ASX:S32), which fell 7.18% or 0.31 points to trade at 4.01 at the close. Nuix Ltd (ASX:NXL) declined 6.36% or 0.05 points to end at 0.77 and Nanosonics Ltd (ASX:NAN) was down 5.99% or 0.24 points to 3.77.
Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 709 to 628 and 398 ended unchanged.
Shares in Whitehaven Coal Ltd (ASX:WHC) rose to all-time highs; up 4.60% or 0.39 to 8.87.
The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 3.63% to 15.73.
S&P 200 Technical Analysis: Daily Chart
In the daily charts, S&P 200 was trading in down channel. S&P 200 is currently trading below 20 and 50 days SMA & above 100 days SMA.
RSI is in neutral zone which indicates neutral. MACD is currently below zero which indicates bearishness.
Its immediate support is 6809.67 & the resistance level is at 6877.20.
S&P 200 INDEX was trading in down channel before there is breakout upside.
How to Trade S&P 200 INDEX this Week:
S&P 200 INDEX will follow the downtrend until their trend reversal. So, remain bearish on S&P 200 INDEX.