S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 04/26/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
17%
56%
My opinion
Bullish above 5,079.08 USD
My targets
5,135.92 USD (+0.29%)
5,189.58 USD (+1.34%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 5,079.08 USD remains possible. It is advisable to trade S&P500 - MINI S&P500 FULL0624 with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 5,079.08 USD. The next bullish objective for buyers is set at 5,135.92 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5,189.58 USD. If there is any crossing, the next objective would be the resistance located at 5,246.42 USD. PS: if there is a bearish break in the support located at 5,079.08 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.9
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Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0624 price is 5,121.00 USD. The price registered an increase of +0.76% on the session and was between 5,112.25 USD and 5,134.75 USD. This implies that the price is at +0.17% from its lowest and at -0.27% from its highest.5,112.25
5,134.75
5,121.00
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 S&P500 - MINI S&P500 FULL0624 in 15 min. shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 5,022.42 | 5,047.75 | 5,073.75 | 5,121.00 | 5,121.55 | 5,203.75 | 5,307.83 |
| Change (%) | -1.93% | -1.43% | -0.92% | - | +0.01% | +1.62% | +3.65% |
| Change | -98.58 | -73.25 | -47.25 | - | +0.55 | +82.75 | +186.83 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | 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 | 4,914.92 | 4,968.58 | 5,025.42 | 5,079.08 | 5,135.92 | 5,189.58 | 5,246.42 |
| Camarilla | 5,051.86 | 5,061.99 | 5,072.12 | 5,082.25 | 5,092.38 | 5,102.51 | 5,112.64 |
| Woodie | 4,916.50 | 4,969.38 | 5,027.00 | 5,079.88 | 5,137.50 | 5,190.38 | 5,248.00 |
| Fibonacci | 4,968.58 | 5,010.79 | 5,036.87 | 5,079.08 | 5,121.29 | 5,147.37 | 5,189.58 |
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): | 45.37 | |
| MACD (12,26,9): | -1.1300 | |
| Directional Movement: | 0.72 | |
| AROON (14): | -42.85 | |
| DEMA (21): | 5,117.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,120.25 | |
| Elder Ray (13): | -1.67 | |
| Super Trend (3,10): | 5,124.52 | |
| Zig ZAG (10): | 5,114.50 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 40.37 | |
| TEMA (21): | 5,114.65 | |
| Williams %R (14): | -61.70 | |
| Chande Momentum Oscillator (20): | -5.25 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.25 |
| MA7: | 5,073.57 | |
| MA20: | 5,158.89 | |
| MA50: | 5,182.48 | |
| MA100: | 5,046.01 | |
| MAexp7: | 5,117.70 | |
| MAexp20: | 5,119.45 | |
| MAexp50: | 5,115.94 | |
| MAexp100: | 5,106.90 | |
| Price / MA7: | +0.93% | |
| Price / MA20: | -0.73% | |
| Price / MA50: | -1.19% | |
| Price / MA100: | +1.49% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.28% |
Quotes :
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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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