SPDR S&P 500 - Daily - Technical analysis published on 11/24/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above
My targets
()
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SPDR S&P 500 as long as the price remains well above . The buyers' bullish objective is set at . A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by LJ93612. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SPDR S&P 500 rating is 595.51 USD. The price has increased by +0.31% since the last closing with the lowest point at 593.15 USD and the highest point at 596.15 USD. The deviation from the price is +0.40% for the low point and -0.11% for the high point.593.15
596.15
595.51
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SPDR S&P 500 indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 521.24 | 540.36 | 564.86 | 595.51 | 598.76 |
| Change (%) | -12.47% | -9.26% | -5.15% | - | +0.55% |
| Change | -74.27 | -55.15 | -30.65 | - | +3.25 |
| Level | Intermediate | 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 | 590.72 | 591.94 | 593.72 | 594.94 | 596.72 | 597.94 | 599.72 |
| Camarilla | 594.69 | 594.96 | 595.24 | 595.51 | 595.79 | 596.06 | 596.34 |
| Woodie | 591.01 | 592.08 | 594.01 | 595.08 | 597.01 | 598.08 | 600.01 |
| Fibonacci | 591.94 | 593.08 | 593.79 | 594.94 | 596.08 | 596.79 | 597.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 575.52 | 579.78 | 587.64 | 591.90 | 599.76 | 604.02 | 611.88 |
| Camarilla | 592.18 | 593.29 | 594.40 | 595.51 | 596.62 | 597.73 | 598.84 |
| Woodie | 577.33 | 580.68 | 589.45 | 592.80 | 601.57 | 604.92 | 613.69 |
| Fibonacci | 579.78 | 584.41 | 587.27 | 591.90 | 596.53 | 599.39 | 604.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 539.72 | 552.49 | 560.57 | 573.34 | 581.42 | 594.19 | 602.27 |
| Camarilla | 562.91 | 564.82 | 566.73 | 568.64 | 570.55 | 572.46 | 574.37 |
| Woodie | 537.37 | 551.32 | 558.22 | 572.17 | 579.07 | 593.02 | 599.92 |
| Fibonacci | 552.49 | 560.46 | 565.38 | 573.34 | 581.31 | 586.23 | 594.19 |
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): | 61.57 | |
| MACD (12,26,9): | 4.4600 | |
| Directional Movement: | 6.94 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 594.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 584.63 | |
| Elder Ray (13): | 4.06 | |
| Super Trend (3,10): | 580.58 | |
| Zig ZAG (10): | 595.51 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 78.06 | |
| TEMA (21): | 594.50 | |
| Williams %R (14): | -15.72 | |
| Chande Momentum Oscillator (20): | 4.47 | |
| Repulse (5,40,3): | 1.3500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 4.92 |
| MA7: | 591.03 | |
| MA20: | 587.19 | |
| MA50: | 579.35 | |
| MA100: | 564.54 | |
| MAexp7: | 592.32 | |
| MAexp20: | 588.36 | |
| MAexp50: | 579.13 | |
| MAexp100: | 565.43 | |
| Price / MA7: | +0.76% | |
| Price / MA20: | +1.42% | |
| Price / MA50: | +2.79% | |
| Price / MA100: | +5.49% | |
| Price / MAexp7: | +0.54% | |
| Price / MAexp20: | +1.22% | |
| Price / MAexp50: | +2.83% | |
| Price / MAexp100: | +5.32% |
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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