SPDR S&P 500 - 15 min. - Technical analysis published on 08/29/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 561.62 USD
My targets
555.01 USD (-0.59%)
551.72 USD (-1.18%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 561.62 USD remains possible. It is advisable to trade SPDR S&P 500 with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 561.62 USD. The next bearish objective for sellers is set at 555.01 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 551.72 USD. In case of crossing, the next objective would be the support located at 548.40 USD. PS: if there is a bullish break in the resistance located at 561.62 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.6
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This analysis was given by aljoeed. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SPDR S&P 500 price is 558.30 USD. The price registered a decrease of -0.58% on the session and was traded between 555.04 USD and 561.65 USD over the period. The price is currently at +0.59% from its lowest and -0.60% from its highest.555.04
561.65
558.30
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 15 min. of this SPDR S&P 500 chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 558.30 | 564.86 |
| Change (%) | -3.73% | -1.34% | -0.60% | - | +1.17% |
| Change | -20.85 | -7.49 | -3.37 | - | +6.56 |
| Level | Minor | Minor | Major | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 548.40 | 551.72 | 555.01 | 558.33 | 561.62 | 564.94 | 568.23 |
| Camarilla | 556.48 | 557.09 | 557.69 | 558.30 | 558.91 | 559.51 | 560.12 |
| Woodie | 548.39 | 551.71 | 555.00 | 558.32 | 561.61 | 564.93 | 568.22 |
| Fibonacci | 551.72 | 554.25 | 555.81 | 558.33 | 560.86 | 562.42 | 564.94 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.95 | |
| MACD (12,26,9): | -0.5500 | |
| Directional Movement: | 3.19 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 557.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 555.33 | |
| Elder Ray (13): | 0.93 | |
| Super Trend (3,10): | 558.66 | |
| Zig ZAG (10): | 558.34 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 86.47 | |
| TEMA (21): | 557.21 | |
| Williams %R (14): | -23.61 | |
| Chande Momentum Oscillator (20): | -0.23 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.26 |
| MA7: | 559.76 | |
| MA20: | 545.11 | |
| MA50: | 548.13 | |
| MA100: | 533.41 | |
| MAexp7: | 557.84 | |
| MAexp20: | 558.03 | |
| MAexp50: | 559.07 | |
| MAexp100: | 559.43 | |
| Price / MA7: | -0.26% | |
| Price / MA20: | +2.42% | |
| Price / MA50: | +1.86% | |
| Price / MA100: | +4.67% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.19% |
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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