S&P500 - MINI S&P500 FULL0325 - 15 min. - Technical analysis published on 11/11/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : NEUTRAL
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bullish
Technical indicators
11%
28%
61%
My opinion
Neutral between 6,018.67 USD and 6,047.08 USD
My targets
-
My analysis
The strong short-term decrease on S&P500 - MINI S&P500 FULL1224 is in contrast to the bullish trend. Sellers are trying to regain control of the asset and a reversal of the trend could be possible. It would be interesting to understand what caused such a fall. Has an economic announcement impacting the basics been published? As long as the price remains above 6,018.67 USD, you could take advantage of the short-term boom. The first bearish objective would be 6,018.67 USD. Then the price could move towards 5,996.83 USD. Then 5,968.42 USD by extension. Attention should be paid to reaction of the price on these supports to see if buyers show up. Be careful, a return to above 6,047.08 USD could be a sign of a recovery in the basic bullish trend.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL1224 price is 6,036.00 USD. On the day, this instrument gained +0.18% with the lowest point at 6,029.50 USD and the highest point at 6,053.25 USD. The deviation from the price is +0.11% for the low point and -0.28% for the high point.6,029.50
6,053.25
6,036.00
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
Here is a more detailed summary of the historical variations registered by S&P500 - MINI S&P500 FULL1224:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of S&P500 - MINI S&P500 FULL1224 indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that this trend could quickly be called into question. A phase of indecision or a reversal of the trend could occur. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 5,908.00 | 5,953.12 | 6,011.00 | 6,036.00 |
| Change (%) | -2.12% | -1.37% | -0.41% | - |
| Change | -128.00 | -82.88 | -25.00 | - |
| Level | Major | Minor | Intermediate | - |
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 | 5,946.58 | 5,968.42 | 5,996.83 | 6,018.67 | 6,047.08 | 6,068.92 | 6,097.33 |
| Camarilla | 6,011.43 | 6,016.04 | 6,020.64 | 6,025.25 | 6,029.86 | 6,034.46 | 6,039.07 |
| Woodie | 5,949.88 | 5,970.06 | 6,000.13 | 6,020.31 | 6,050.38 | 6,070.56 | 6,100.63 |
| Fibonacci | 5,968.42 | 5,987.61 | 5,999.47 | 6,018.67 | 6,037.86 | 6,049.72 | 6,068.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,503.25 | 5,613.75 | 5,819.50 | 5,930.00 | 6,135.75 | 6,246.25 | 6,452.00 |
| Camarilla | 5,938.28 | 5,967.27 | 5,996.26 | 6,025.25 | 6,054.24 | 6,083.23 | 6,112.22 |
| Woodie | 5,550.88 | 5,637.56 | 5,867.13 | 5,953.81 | 6,183.38 | 6,270.06 | 6,499.63 |
| Fibonacci | 5,613.75 | 5,734.56 | 5,809.19 | 5,930.00 | 6,050.81 | 6,125.44 | 6,246.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,475.83 | 5,599.92 | 5,679.08 | 5,803.17 | 5,882.33 | 6,006.42 | 6,085.58 |
| Camarilla | 5,702.36 | 5,720.99 | 5,739.62 | 5,758.25 | 5,776.88 | 5,795.51 | 5,814.14 |
| Woodie | 5,453.38 | 5,588.69 | 5,656.63 | 5,791.94 | 5,859.88 | 5,995.19 | 6,063.13 |
| Fibonacci | 5,599.92 | 5,677.56 | 5,725.53 | 5,803.17 | 5,880.81 | 5,928.78 | 6,006.42 |
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): | 47.01 | |
| MACD (12,26,9): | 1.2200 | |
| Directional Movement: | -5.81 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 6,045.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,052.28 | |
| Elder Ray (13): | -2.79 | |
| Super Trend (3,10): | 6,050.64 | |
| Zig ZAG (10): | 6,041.25 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 18.18 | |
| TEMA (21): | 6,045.21 | |
| Williams %R (14): | -76.36 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.10 |
| MA7: | 5,906.50 | |
| MA20: | 5,876.52 | |
| MA50: | 5,785.77 | |
| MA100: | 5,696.71 | |
| MAexp7: | 6,043.08 | |
| MAexp20: | 6,043.83 | |
| MAexp50: | 6,039.94 | |
| MAexp100: | 6,031.56 | |
| Price / MA7: | +2.19% | |
| Price / MA20: | +2.71% | |
| Price / MA50: | +4.32% | |
| Price / MA100: | +5.96% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | +0.07% |
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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