S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 04/25/2024 (GMT)
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- 0
- Timeframe : 15 min.
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
67%
0%
33%
My opinion
Neutral between 5,076.92 USD and 5,102.83 USD
My targets
-
My analysis
The short-term increase on S&P500 - MINI S&P500 FULL0624 remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 5,102.83 USD. The first support is located at 5,076.92 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
S&P500 - MINI S&P500 FULL0624 rating 5,085.00 USD. On the day, this instrument lost -0.44% and was between 5,022.25 USD and 5,086.50 USD. This implies that the price is at +1.25% from its lowest and at -0.03% from its highest.5,022.25
5,086.50
5,085.00
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of S&P500 - MINI S&P500 FULL0624 in 15 min. shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
MACD indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,006.00 | 5,047.75 | 5,073.75 | 5,085.00 | 5,124.25 | 5,150.00 | 5,198.69 |
| Change (%) | -1.55% | -0.73% | -0.22% | - | +0.77% | +1.28% | +2.24% |
| Change | -79.00 | -37.25 | -11.25 | - | +39.25 | +65.00 | +113.69 |
| Level | Intermediate | Minor | Major | - | Major | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,020.42 | 5,046.33 | 5,076.92 | 5,102.83 | 5,133.42 | 5,159.33 | 5,189.92 |
| Camarilla | 5,091.96 | 5,097.14 | 5,102.32 | 5,107.50 | 5,112.68 | 5,117.86 | 5,123.04 |
| Woodie | 5,022.75 | 5,047.50 | 5,079.25 | 5,104.00 | 5,135.75 | 5,160.50 | 5,192.25 |
| Fibonacci | 5,046.33 | 5,067.92 | 5,081.25 | 5,102.83 | 5,124.42 | 5,137.75 | 5,159.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,657.33 | 4,810.42 | 4,907.08 | 5,060.17 | 5,156.83 | 5,309.92 | 5,406.58 |
| Camarilla | 4,935.07 | 4,957.96 | 4,980.86 | 5,003.75 | 5,026.64 | 5,049.54 | 5,072.43 |
| Woodie | 4,629.13 | 4,796.31 | 4,878.88 | 5,046.06 | 5,128.63 | 5,295.81 | 5,378.38 |
| Fibonacci | 4,810.42 | 4,905.82 | 4,964.76 | 5,060.17 | 5,155.57 | 5,214.51 | 5,309.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,964.25 | 5,045.75 | 5,170.50 | 5,252.00 | 5,376.75 | 5,458.25 | 5,583.00 |
| Camarilla | 5,238.53 | 5,257.44 | 5,276.34 | 5,295.25 | 5,314.16 | 5,333.06 | 5,351.97 |
| Woodie | 4,985.88 | 5,056.56 | 5,192.13 | 5,262.81 | 5,398.38 | 5,469.06 | 5,604.63 |
| Fibonacci | 5,045.75 | 5,124.54 | 5,173.21 | 5,252.00 | 5,330.79 | 5,379.46 | 5,458.25 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.55 | |
| MACD (12,26,9): | -0.4600 | |
| Directional Movement: | 2.86 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 5,051.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,035.79 | |
| Elder Ray (13): | 6.53 | |
| Super Trend (3,10): | 5,037.68 | |
| Zig ZAG (10): | 5,061.50 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 87.18 | |
| TEMA (21): | 5,057.64 | |
| Williams %R (14): | -15.70 | |
| Chande Momentum Oscillator (20): | 28.75 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.86 |
| MA7: | 5,064.46 | |
| MA20: | 5,168.11 | |
| MA50: | 5,182.22 | |
| MA100: | 5,041.69 | |
| MAexp7: | 5,061.45 | |
| MAexp20: | 5,054.78 | |
| MAexp50: | 5,061.48 | |
| MAexp100: | 5,070.99 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | -1.61% | |
| Price / MA50: | -1.88% | |
| Price / MA100: | +0.86% | |
| Price / MAexp7: | +0.47% | |
| Price / MAexp20: | +0.60% | |
| Price / MAexp50: | +0.46% | |
| Price / MAexp100: | +0.28% |
Quotes :
-
10 min delayed data
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CME E-mini Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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