SPDR S&P 500 - 1H - Technical analysis published on 09/07/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 546.73 USD
My targets
538.52 USD (-0.34%)
531.46 USD (-1.65%)
My analysis
SPDR S&P 500 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 546.73 USD. The next support located at 538.52 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 531.46 USD. Below this support, sellers could then target 521.24 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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This analysis was given by aljoeed. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SPDR S&P 500 rating is 540.36 USD. The price is lower by -1.68% since the last closing with the lowest point at 539.44 USD and the highest point at 551.60 USD. The deviation from the price is +0.17% for the low point and -2.04% for the high point.539.44
551.60
540.36
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 1H chart of SPDR S&P 500 indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 521.24 | 531.46 | 538.52 | 540.36 | 546.73 | 556.22 | 564.86 |
| Change (%) | -3.54% | -1.65% | -0.34% | - | +1.18% | +2.94% | +4.53% |
| Change | -19.12 | -8.90 | -1.84 | - | +6.37 | +15.86 | +24.50 |
| Level | Major | Minor | Minor | - | Intermediate | Intermediate | 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 | 523.84 | 531.64 | 536.00 | 543.80 | 548.16 | 555.96 | 560.32 |
| Camarilla | 537.02 | 538.13 | 539.25 | 540.36 | 541.48 | 542.59 | 543.70 |
| Woodie | 522.12 | 530.78 | 534.28 | 542.94 | 546.44 | 555.10 | 558.60 |
| Fibonacci | 531.64 | 536.29 | 539.16 | 543.80 | 548.45 | 551.32 | 555.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 511.56 | 525.50 | 532.93 | 546.87 | 554.30 | 568.24 | 575.67 |
| Camarilla | 534.48 | 536.44 | 538.40 | 540.36 | 542.32 | 544.28 | 546.24 |
| Woodie | 508.31 | 523.87 | 529.68 | 545.24 | 551.05 | 566.61 | 572.42 |
| Fibonacci | 525.50 | 533.66 | 538.71 | 546.87 | 555.03 | 560.08 | 568.24 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 473.97 | 492.12 | 527.90 | 546.05 | 581.83 | 599.98 | 635.76 |
| Camarilla | 548.85 | 553.79 | 558.74 | 563.68 | 568.62 | 573.57 | 578.51 |
| Woodie | 482.79 | 496.53 | 536.72 | 550.46 | 590.65 | 604.39 | 644.58 |
| Fibonacci | 492.12 | 512.72 | 525.45 | 546.05 | 566.65 | 579.38 | 599.98 |
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): | 26.26 | |
| MACD (12,26,9): | -4.0300 | |
| Directional Movement: | -16.37 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 541.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 548.98 | |
| Elder Ray (13): | -3.78 | |
| Super Trend (3,10): | 548.54 | |
| Zig ZAG (10): | 540.43 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 6.95 | |
| TEMA (21): | 539.83 | |
| Williams %R (14): | -93.11 | |
| Chande Momentum Oscillator (20): | -9.96 | |
| Repulse (5,40,3): | -0.4900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 3.23 |
| MA7: | 553.33 | |
| MA20: | 552.62 | |
| MA50: | 549.04 | |
| MA100: | 535.80 | |
| MAexp7: | 542.16 | |
| MAexp20: | 546.73 | |
| MAexp50: | 551.63 | |
| MAexp100: | 552.65 | |
| Price / MA7: | -2.34% | |
| Price / MA20: | -2.22% | |
| Price / MA50: | -1.58% | |
| Price / MA100: | +0.85% | |
| Price / MAexp7: | -0.32% | |
| Price / MAexp20: | -1.15% | |
| Price / MAexp50: | -2.03% | |
| Price / MAexp100: | -2.21% |
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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