S&P500 INDEX

- USD (-)

- End-of-day data - S&P Base Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	SP500
ISIN:

S&P500 INDEX - Daily - Technical analysis published on 04/18/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

78%

17%

My opinion

Bearish under 5,146.08 USD

My targets

4,796.56 USD (-4.49%)

4,690.61 USD (-6.60%)

My analysis

The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for S&P500 INDEX as long as the price remains well below 5,146.08 USD. The next bearish objective for sellers is set at 4,796.56 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4,690.61 USD. In case of crossing, the next objective would be the support located at 4,302.83 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 4,796.56 USD. With this support, against the trend traders who want to buy S&P500 INDEX on a buy signal from their trading strategy should not hesitate to act.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

2.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Muhahaha. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The S&P500 INDEX price is 5,022.21 USD. The price registered a decrease of -0.58% on the session and was traded between 5,007.25 USD and 5,077.96 USD over the period. The price is currently at +0.30% from its lowest and -1.10% from its highest.

5,007.25

5,077.96

5,022.21

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:

The Central Records scanner for higher/lower results shows the following items:

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

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of S&P500 INDEX in Daily shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	4,690.61	4,796.56	4,975.51	5,022.21	5,146.08	5,254.35
Change (%)	-6.60%	-4.49%	-0.93%	-	+2.47%	+4.62%
Change	-331.60	-225.65	-46.70	-	+123.87	+232.14
Level	Minor	Major	Minor	-	Major	Intermediate

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	4,922.94	4,965.10	4,993.65	5,035.81	5,064.36	5,106.52	5,135.07
Camarilla	5,002.77	5,009.25	5,015.73	5,022.21	5,028.69	5,035.17	5,041.66
Woodie	4,916.15	4,961.70	4,986.86	5,032.41	5,057.57	5,103.12	5,128.28
Fibonacci	4,965.10	4,992.11	5,008.80	5,035.81	5,062.82	5,079.51	5,106.52

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,962.43	5,035.18	5,079.30	5,152.05	5,196.17	5,268.92	5,313.04
Camarilla	5,091.27	5,101.98	5,112.70	5,123.41	5,134.12	5,144.84	5,155.55
Woodie	4,948.11	5,028.02	5,064.98	5,144.89	5,181.85	5,261.76	5,298.72
Fibonacci	5,035.18	5,079.83	5,107.41	5,152.05	5,196.70	5,224.28	5,268.92

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,911.13	4,983.98	5,119.16	5,192.01	5,327.19	5,400.04	5,535.22
Camarilla	5,197.14	5,216.21	5,235.28	5,254.35	5,273.42	5,292.49	5,311.56
Woodie	4,942.31	4,999.56	5,150.34	5,207.59	5,358.37	5,415.62	5,566.40
Fibonacci	4,983.98	5,063.44	5,112.54	5,192.01	5,271.47	5,320.57	5,400.04

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	35.70
MACD (12,26,9):	-12.8500
Directional Movement:	-16.70
AROON (14):	-92.86
DEMA (21):	5,143.14
Parabolic SAR (0,02-0,02-0,2):	5,187.62
Elder Ray (13):	-90.08
Super Trend (3,10):	5,227.67
Zig ZAG (10):	5,022.21
VORTEX (21):	0.8000
Stochastique (14,3,5):	5.12
TEMA (21):	5,089.72
Williams %R (14):	-94.19
Chande Momentum Oscillator (20):	-221.56
Repulse (5,40,3):	-2.6600
ROCnROLL:	2
TRIX (15,9):	0.0400
Courbe Coppock:	4.29

MA7:	5,118.35
MA20:	5,183.42
MA50:	5,117.73
MA100:	4,926.29
MAexp7:	5,098.56
MAexp20:	5,144.25
MAexp50:	5,088.18
MAexp100:	4,941.55
Price / MA7:	-1.88%
Price / MA20:	-3.11%
Price / MA50:	-1.87%
Price / MA100:	+1.95%
Price / MAexp7:	-1.50%
Price / MAexp20:	-2.37%
Price / MAexp50:	-1.30%
Price / MAexp100:	+1.63%

Quotes : - End-of-day data - S&P Base Indices

News

The latest news and videos published on S&P500 INDEX at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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