SPDR S&P 500
SPDR S&P 500
- 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 - 15 min. - Technical analysis published on 08/14/2024 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 540.20 USD
My targets
544.12 USD (+0.38%)
546.20 USD (+0.77%)
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 540.20 USD. The buyers' bullish objective is set at 544.12 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 546.20 USD. If there is any crossing, the next objective would be the resistance located at 550.12 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5

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 aljoeed. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

SPDR S&P 500 rating 542.04 USD. On the day, this instrument gained +1.65% and was between 536.28 USD and 542.28 USD. This implies that the price is at +1.07% from its lowest and at -0.04% from its highest.

536.28
542.28
542.04

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Central Gaps

Opening Gap UP

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 study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 15 min. of this SPDR S&P 500 chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 15 minutes



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 15 minutes



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Three white soldiers

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 521.49 531.46 538.41 542.04 542.72 550.81 555.00
Change (%) -3.79% -1.95% -0.67% - +0.13% +1.62% +2.39%
Change -20.55 -10.58 -3.63 - +0.68 +8.77 +12.96
Level Major Intermediate Intermediate - Minor 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
Standard532.12534.20538.12540.20544.12546.20550.12
Camarilla540.39540.94541.49542.04542.59543.14543.69
Woodie533.04534.66539.04540.66545.04546.66551.04
Fibonacci534.20536.49537.91540.20542.49543.91546.20


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard493.10501.68517.34525.92541.58550.16565.82
Camarilla526.32528.55530.77532.99535.21537.43539.66
Woodie496.63503.45520.87527.69545.11551.93569.35
Fibonacci501.68510.94516.66525.92535.18540.90550.16


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard509.41523.43537.12551.14564.83578.85592.54
Camarilla543.19545.73548.27550.81553.35555.89558.43
Woodie509.25523.35536.96551.06564.67578.77592.38
Fibonacci523.43534.02540.56551.14561.73568.27578.85

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 76.93
MACD (12,26,9): 1.4400
Directional Movement: 19.94
AROON (14): 92.86
DEMA (21): 542.11
Parabolic SAR (0,02-0,02-0,2): 539.95
Elder Ray (13): 0.83
Super Trend (3,10): 539.29
Zig ZAG (10): 541.98
VORTEX (21): 1.3200
Stochastique (14,3,5): 86.59
TEMA (21): 542.19
Williams %R (14): -9.97
Chande Momentum Oscillator (20): 0.95
Repulse (5,40,3): 0.2400
ROCnROLL: 1
TRIX (15,9): 0.0400
Courbe Coppock: 0.71
MA7: 528.16
MA20: 540.09
MA50: 543.29
MA100: 529.13
MAexp7: 541.32
MAexp20: 540.11
MAexp50: 537.36
MAexp100: 534.83
Price / MA7: +2.63%
Price / MA20: +0.36%
Price / MA50: -0.23%
Price / MA100: +2.44%
Price / MAexp7: +0.12%
Price / MAexp20: +0.35%
Price / MAexp50: +0.86%
Price / MAexp100: +1.34%

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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