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 - Weekly - Technical analysis published on 04/18/2024 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

39%

22%

39%

My opinion

Bullish above 4,796.56 USD

My targets

5,192.01 USD (+3.38%)

5,327.19 USD (+6.07%)

My analysis

S&P500 INDEX is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4,796.56 USD. The next resistance located at 5,192.01 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 5,327.19 USD. After this resistance, buyers could then target 5,400.04 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

6.6

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. Over 5 days, this instrument lost -3.40% and was traded between 5,007.25 USD and 5,168.43 USD over the period. The price is currently at +0.30% from its lowest point and -2.83% from its highest point.

5,007.25

5,168.43

5,022.21

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by S&P500 INDEX:

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 this Weekly chart of S&P500 INDEX indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Weekly

On the 18 technical indicators analysed, 7 are bullish, 7 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Three black crows

Type : Bearish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	3,577.03	4,302.83	4,796.56	5,022.21
Change (%)	-28.78%	-14.32%	-4.49%	-
Change	-1,445.18	-719.38	-225.65	-
Level	Major	Major	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	4,922.94	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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	58.76
MACD (12,26,9):	173.3400
Directional Movement:	9.42
AROON (14):	78.57
DEMA (21):	5,198.62
Parabolic SAR (0,02-0,02-0,2):	5,263.95
Elder Ray (13):	33.00
Super Trend (3,10):	4,911.00
Zig ZAG (10):	5,022.21
VORTEX (21):	1.2100
Stochastique (14,3,5):	73.49
TEMA (21):	5,238.45
Williams %R (14):	-44.11
Chande Momentum Oscillator (20):	131.24
Repulse (5,40,3):	-4.3400
ROCnROLL:	-1
TRIX (15,9):	0.5800
Courbe Coppock:	16.35

MA7:	5,118.35
MA20:	5,183.42
MA50:	5,117.73
MA100:	4,926.29
MAexp7:	5,114.72
MAexp20:	4,965.12
MAexp50:	4,683.36
MAexp100:	4,443.50
Price / MA7:	-1.88%
Price / MA20:	-3.11%
Price / MA50:	-1.87%
Price / MA100:	+1.95%
Price / MAexp7:	-1.81%
Price / MAexp20:	+1.15%
Price / MAexp50:	+7.24%
Price / MAexp100:	+13.02%

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

News

Don't forget to follow the news on S&P500 INDEX. At the time of publication of this analysis, the latest news was as follows:

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

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