SPDR S&P 500 - 15 min. - Technical analysis published on 08/27/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
0%
50%
My opinion
Bullish above 558.59 USD
My targets
563.45 USD (+0.43%)
566.11 USD (+0.91%)
My analysis
SPDR S&P 500 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 558.59 USD. The next resistance located at 563.45 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 566.11 USD. After this resistance, buyers could then target 568.31 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.3
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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 561.01 USD. The price has increased by +0.04% since the last closing and was between 558.32 USD and 562.05 USD. This implies that the price is at +0.48% from its lowest and at -0.19% from its highest.558.32
562.05
561.01
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:
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 this 15 min. chart of SPDR S&P 500 indicates that the overall trend is strongly bullish. 89.29% 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 detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 15 minutes
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 537.45 | 550.81 | 554.93 | 561.01 | 564.86 |
| Change (%) | -4.20% | -1.82% | -1.08% | - | +0.69% |
| Change | -23.56 | -10.20 | -6.08 | - | +3.85 |
| Level | Minor | Minor | Major | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 553.73 | 556.39 | 558.59 | 561.25 | 563.45 | 566.11 | 568.31 |
| Camarilla | 559.45 | 559.90 | 560.35 | 560.79 | 561.24 | 561.68 | 562.13 |
| Woodie | 553.50 | 556.28 | 558.36 | 561.14 | 563.22 | 566.00 | 568.08 |
| Fibonacci | 556.39 | 558.25 | 559.39 | 561.25 | 563.11 | 564.25 | 566.11 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.50 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | -5.02 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 560.87 | |
| Parabolic SAR (0,02-0,02-0,2): | 559.84 | |
| Elder Ray (13): | 0.17 | |
| Super Trend (3,10): | 561.82 | |
| Zig ZAG (10): | 560.77 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 69.08 | |
| TEMA (21): | 560.89 | |
| Williams %R (14): | -32.44 | |
| Chande Momentum Oscillator (20): | 0.10 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.22 |
| MA7: | 559.82 | |
| MA20: | 544.71 | |
| MA50: | 547.86 | |
| MA100: | 532.99 | |
| MAexp7: | 560.81 | |
| MAexp20: | 560.78 | |
| MAexp50: | 560.58 | |
| MAexp100: | 559.80 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | +2.99% | |
| Price / MA50: | +2.40% | |
| Price / MA100: | +5.26% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.22% |
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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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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