S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 04/25/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 5,046.33 USD
My targets
5,102.83 USD (+0.39%)
5,133.42 USD (+0.99%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on S&P500 - MINI S&P500 FULL0624 as long as the price remains well above 5,046.33 USD. The buyers' bullish objective is set at 5,102.83 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5,133.42 USD. If there is any crossing, the next objective would be the resistance located at 5,159.33 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0624 price is 5,083.25 USD. On the day, this instrument lost -0.48% with the lowest point at 5,022.25 USD and the highest point at 5,086.50 USD. The deviation from the price is +1.21% for the low point and -0.06% for the high point.5,022.25
5,086.50
5,083.25
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 this 15 min. chart of S&P500 - MINI S&P500 FULL0624 indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 15 minutes
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 15 minutes
In fact, 16 technical indicators on 18 studied are currently positioned bullish. 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
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 | 5,083.25 | 5,124.25 | 5,150.00 | 5,198.69 |
| Change (%) | -1.52% | -0.70% | -0.19% | - | +0.81% | +1.31% | +2.27% |
| Change | -77.25 | -35.50 | -9.50 | - | +41.00 | +66.75 | +115.44 |
| Level | Intermediate | Minor | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
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): | 68.77 | |
| MACD (12,26,9): | 3.3400 | |
| Directional Movement: | 16.90 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 5,061.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,044.00 | |
| Elder Ray (13): | 19.01 | |
| Super Trend (3,10): | 5,050.34 | |
| Zig ZAG (10): | 5,082.50 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 94.51 | |
| TEMA (21): | 5,073.61 | |
| Williams %R (14): | -6.90 | |
| Chande Momentum Oscillator (20): | 43.00 | |
| Repulse (5,40,3): | 0.2200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.28 |
| MA7: | 5,065.61 | |
| MA20: | 5,168.48 | |
| MA50: | 5,182.36 | |
| MA100: | 5,041.75 | |
| MAexp7: | 5,071.51 | |
| MAexp20: | 5,059.29 | |
| MAexp50: | 5,062.92 | |
| MAexp100: | 5,071.37 | |
| Price / MA7: | +0.35% | |
| Price / MA20: | -1.65% | |
| Price / MA50: | -1.91% | |
| Price / MA100: | +0.82% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +0.47% | |
| Price / MAexp50: | +0.40% | |
| Price / MAexp100: | +0.23% |
Quotes :
-
10 min delayed data
-
CME E-mini Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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