SPDR S&P 500 - 15 min. - Technical analysis published on 08/24/2024 (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
44%
22%
33%
My opinion
Bullish above 560.84 USD
My targets
564.38 USD (+0.40%)
566.64 USD (+0.80%)
My analysis
The bullish trend is currently very strong on SPDR S&P 500. As long as the price remains above the support at 560.84 USD, you could try to benefit from the boom. The first bullish objective is located at 564.38 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 566.64 USD as an objective. Crossing it would then enable buyers to target 570.18 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.1
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This analysis was given by aljoeed. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SPDR S&P 500 rating 562.13 USD. The price has increased by +1.06% since the last closing with the lowest point at 557.29 USD and the highest point at 563.09 USD. The deviation from the price is +0.87% for the low point and -0.17% for the high point.557.29
563.09
562.13
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Technical
Technical analysis of SPDR S&P 500 in 15 min. shows a strongly overall bullish trend. 85.71% 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. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 15 minutes
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
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:
Near resistance of channel
Type : Bearish
Timeframe : 15 minutes
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 537.53 | 550.81 | 554.93 | 562.13 | 564.86 |
| Change (%) | -4.38% | -2.01% | -1.28% | - | +0.49% |
| Change | -24.60 | -11.32 | -7.20 | - | +2.73 |
| Level | Minor | Minor | 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 | 552.78 | 555.04 | 558.58 | 560.84 | 564.38 | 566.64 | 570.18 |
| Camarilla | 560.54 | 561.07 | 561.60 | 562.13 | 562.66 | 563.19 | 563.73 |
| Woodie | 553.43 | 555.36 | 559.23 | 561.16 | 565.03 | 566.96 | 570.83 |
| Fibonacci | 555.04 | 557.25 | 558.62 | 560.84 | 563.05 | 564.42 | 566.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 546.95 | 550.40 | 556.27 | 559.72 | 565.59 | 569.04 | 574.91 |
| Camarilla | 559.57 | 560.42 | 561.28 | 562.13 | 562.98 | 563.84 | 564.69 |
| Woodie | 548.15 | 551.01 | 557.47 | 560.33 | 566.79 | 569.65 | 576.11 |
| Fibonacci | 550.40 | 553.96 | 556.16 | 559.72 | 563.28 | 565.48 | 569.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 509.41 | 523.43 | 537.12 | 551.14 | 564.83 | 578.85 | 592.54 |
| Camarilla | 543.19 | 545.73 | 548.27 | 550.81 | 553.35 | 555.89 | 558.43 |
| Woodie | 509.25 | 523.35 | 536.96 | 551.06 | 564.67 | 578.77 | 592.38 |
| Fibonacci | 523.43 | 534.02 | 540.56 | 551.14 | 561.73 | 568.27 | 578.85 |
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): | 52.11 | |
| MACD (12,26,9): | 0.1700 | |
| Directional Movement: | -8.89 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 559.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 562.13 | |
| Elder Ray (13): | 0.14 | |
| Super Trend (3,10): | 556.93 | |
| Zig ZAG (10): | 559.65 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 38.98 | |
| TEMA (21): | 559.82 | |
| Williams %R (14): | -55.17 | |
| Chande Momentum Oscillator (20): | -2.72 | |
| Repulse (5,40,3): | 0.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.29 |
| MA7: | 557.50 | |
| MA20: | 542.83 | |
| MA50: | 547.01 | |
| MA100: | 532.04 | |
| MAexp7: | 559.50 | |
| MAexp20: | 559.39 | |
| MAexp50: | 559.16 | |
| MAexp100: | 558.02 | |
| Price / MA7: | +0.83% | |
| Price / MA20: | +3.56% | |
| Price / MA50: | +2.76% | |
| Price / MA100: | +5.66% | |
| Price / MAexp7: | +0.46% | |
| Price / MAexp20: | +0.48% | |
| Price / MAexp50: | +0.52% | |
| Price / MAexp100: | +0.73% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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