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SPDR S&P 500
SPY
- USD (-)
- 15 min delayed data - NYSE MKT Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: ETF
Ticker: SPY
ISIN:

SPDR S&P 500 - 1H - Technical analysis published on 06/10/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 422.12 USD
My targets
424.92 USD (+0.35%)
427.24 USD (+0.90%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SPDR S&P 500 as long as the price remains well above 422.12 USD. The buyers' bullish objective is set at 424.92 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 427.24 USD. If there is any crossing, the next objective would be the resistance located at 431.56 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6

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.

highliber
This analysis was given by highliber. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The SPDR S&P 500 price is 423.42 USD. On the day, this instrument gained +0.42% and was traded between 422.94 USD and 424.63 USD over the period. The price is currently at +0.11% from its lowest and -0.28% from its highest.

422.94
424.63
423.42

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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:

Central Records

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


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this SPDR S&P 500 chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



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

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 417.56 420.34 422.12 423.42
Change (%) -1.38% -0.73% -0.31% -
Change -5.86 -3.08 -1.30 -
Level Major Minor 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
Standard419.10420.26420.95422.11422.80423.96424.65
Camarilla421.14421.31421.48421.65421.82421.99422.16
Woodie418.88420.14420.73421.99422.58423.84424.43
Fibonacci420.26420.96421.40422.11422.81423.25423.96


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard411.64413.96418.28420.60424.92427.24431.56
Camarilla420.77421.38421.99422.60423.21423.82424.43
Woodie412.64414.46419.28421.10425.92427.74432.56
Fibonacci413.96416.50418.06420.60423.14424.70427.24


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard389.60396.80408.42415.62427.24434.44446.06
Camarilla414.87416.59418.32420.04421.77423.49425.22
Woodie391.81397.91410.63416.73429.45435.55448.27
Fibonacci396.80403.99408.43415.62422.81427.25434.44

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): 60.19
MACD (12,26,9): 0.5500
Directional Movement: 11.95
AROON (14): 92.86
DEMA (21): 423.12
Parabolic SAR (0,02-0,02-0,2): 420.86
Elder Ray (13): 1.15
Super Trend (3,10): 420.76
Zig ZAG (10): 424.29
VORTEX (21): 0.9800
Stochastique (14,3,5): 70.54
TEMA (21): 423.02
Williams %R (14): -4.78
Chande Momentum Oscillator (20): 2.27
Repulse (5,40,3): 0.2300
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 0.43
MA7: 421.74
MA20: 418.13
MA50: 415.17
MA100: 401.21
MAexp7: 423.19
MAexp20: 422.47
MAexp50: 421.40
MAexp100: 419.95
Price / MA7: +0.40%
Price / MA20: +1.27%
Price / MA50: +1.99%
Price / MA100: +5.54%
Price / MAexp7: +0.04%
Price / MAexp20: +0.22%
Price / MAexp50: +0.47%
Price / MAexp100: +0.82%

Quotes : - 15 min delayed data - NYSE MKT Stocks

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

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Londinia
Londinia AI

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