S&P500 - MINI S&P500 FULL0325 - 15 min. - Technical analysis published on 11/13/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 6,012.08 USD
My targets
6,037.42 USD (+0.25%)
6,061.83 USD (+0.66%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on S&P500 - MINI S&P500 FULL1224 as long as the price remains well above 6,012.08 USD. The buyers' bullish objective is set at 6,037.42 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6,061.83 USD. If there is any crossing, the next objective would be the resistance located at 6,087.17 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.4
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Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL1224 rating is 6,022.25 USD. The price registered an increase of +0.15% on the session and was traded between 5,991.75 USD and 6,035.25 USD over the period. The price is currently at +0.51% from its lowest and -0.22% from its highest.5,991.75
6,035.25
6,022.25
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of S&P500 - MINI S&P500 FULL1224 indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 5,908.00 | 5,953.12 | 6,012.82 | 6,022.25 |
| Change (%) | -1.90% | -1.15% | -0.16% | - |
| Change | -114.25 | -69.13 | -9.43 | - |
| Level | Intermediate | Intermediate | 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 | 5,937.92 | 5,962.33 | 5,987.67 | 6,012.08 | 6,037.42 | 6,061.83 | 6,087.17 |
| Camarilla | 5,999.32 | 6,003.88 | 6,008.44 | 6,013.00 | 6,017.56 | 6,022.12 | 6,026.68 |
| Woodie | 5,938.38 | 5,962.56 | 5,988.13 | 6,012.31 | 6,037.88 | 6,062.06 | 6,087.63 |
| Fibonacci | 5,962.33 | 5,981.34 | 5,993.08 | 6,012.08 | 6,031.09 | 6,042.83 | 6,061.83 |
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): | 55.13 | |
| MACD (12,26,9): | 5.7600 | |
| Directional Movement: | 5.79 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 6,030.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,015.33 | |
| Elder Ray (13): | -0.57 | |
| Super Trend (3,10): | 6,008.74 | |
| Zig ZAG (10): | 6,025.25 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 73.56 | |
| TEMA (21): | 6,032.55 | |
| Williams %R (14): | -43.27 | |
| Chande Momentum Oscillator (20): | 1.00 | |
| Repulse (5,40,3): | -0.1300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.54 |
| MA7: | 5,981.21 | |
| MA20: | 5,890.49 | |
| MA50: | 5,802.47 | |
| MA100: | 5,704.98 | |
| MAexp7: | 6,028.13 | |
| MAexp20: | 6,023.30 | |
| MAexp50: | 6,015.59 | |
| MAexp100: | 6,013.65 | |
| Price / MA7: | +0.69% | |
| Price / MA20: | +2.24% | |
| Price / MA50: | +3.79% | |
| Price / MA100: | +5.56% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.14% |
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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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