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:
Bullish
Underlying:
Bullish
Technical indicators
22%
50%
28%
My opinion
Bullish above 5,079.08 USD
My targets
5,135.92 USD (+0.17%)
5,189.58 USD (+1.22%)
My analysis
All elements being rather 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 5,079.08 USD. The buyers' bullish objective 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. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2
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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 5,127.25 USD. On the day, this instrument gained +0.89% and was between 5,104.50 USD and 5,140.25 USD. This implies that the price is at +0.45% from its lowest and at -0.25% from its highest.5,104.50
5,140.25
5,127.25
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
Here is a more detailed summary of the historical variations registered by S&P500 - MINI S&P500 FULL0624:
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. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
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.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 5,047.75 | 5,073.75 | 5,121.55 | 5,127.25 | 5,203.75 | 5,307.83 |
| Change (%) | -1.55% | -1.04% | -0.11% | - | +1.49% | +3.52% |
| Change | -79.50 | -53.50 | -5.70 | - | +76.50 | +180.58 |
| Level | Minor | Major | Major | - | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation 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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.71 | |
| MACD (12,26,9): | -0.6100 | |
| Directional Movement: | 8.99 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 5,118.87 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,139.67 | |
| Elder Ray (13): | -3.38 | |
| Super Trend (3,10): | 5,109.06 | |
| Zig ZAG (10): | 5,114.50 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 16.61 | |
| TEMA (21): | 5,116.23 | |
| Williams %R (14): | -88.97 | |
| Chande Momentum Oscillator (20): | -7.50 | |
| Repulse (5,40,3): | -0.1400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.04 |
| MA7: | 5,073.00 | |
| MA20: | 5,159.01 | |
| MA50: | 5,182.52 | |
| MA100: | 5,046.04 | |
| MAexp7: | 5,116.42 | |
| MAexp20: | 5,119.37 | |
| MAexp50: | 5,117.12 | |
| MAexp100: | 5,109.31 | |
| Price / MA7: | +1.07% | |
| Price / MA20: | -0.62% | |
| Price / MA50: | -1.07% | |
| Price / MA100: | +1.61% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.35% |
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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