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 : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 558.33 USD
My targets
564.94 USD (+0.48%)
568.23 USD (+1.07%)
My analysis
The bullish trend is currently very strong on SPDR S&P 500. As long as the price remains above the support at 558.33 USD, you could try to benefit from the boom. The first bullish objective is located at 564.94 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 568.23 USD as an objective. 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.
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
7.5
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Additional analysis
Quotes
SPDR S&P 500 rating 562.23 USD. The price registered an increase of +0.70% on the session and was between 559.37 USD and 563.19 USD. This implies that the price is at +0.51% from its lowest and at -0.17% from its highest.559.37
563.19
562.23
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SPDR S&P 500:
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. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong 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.
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
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
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 537.45 | 550.81 | 554.93 | 562.23 | 564.86 |
| Change (%) | -4.41% | -2.03% | -1.30% | - | +0.47% |
| Change | -24.78 | -11.42 | -7.30 | - | +2.63 |
| 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 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 66.82 | |
| MACD (12,26,9): | 0.9300 | |
| Directional Movement: | 12.94 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 560.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 560.06 | |
| Elder Ray (13): | 1.93 | |
| Super Trend (3,10): | 558.85 | |
| Zig ZAG (10): | 561.93 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 90.44 | |
| TEMA (21): | 562.11 | |
| Williams %R (14): | -16.97 | |
| Chande Momentum Oscillator (20): | 3.78 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.76 |
| MA7: | 560.23 | |
| MA20: | 546.10 | |
| MA50: | 548.46 | |
| MA100: | 533.87 | |
| MAexp7: | 561.59 | |
| MAexp20: | 560.19 | |
| MAexp50: | 559.82 | |
| MAexp100: | 559.77 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | +2.95% | |
| Price / MA50: | +2.51% | |
| Price / MA100: | +5.31% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.36% | |
| Price / MAexp50: | +0.43% | |
| Price / MAexp100: | +0.44% |
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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