SPDR S&P 500 - Daily - Technical analysis published on 11/29/2024 (GMT)
- 107
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : WITHOUT TARGET
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 581.42 USD
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 581.42 USD. 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
8.4
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
SPDR S&P 500 rating 602.54 USD. The price has increased by +0.62% since the last closing with the lowest point at 599.38 USD and the highest point at 603.35 USD. The deviation from the price is +0.53% for the low point and -0.13% for the high point.599.38
603.35
602.54
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SPDR S&P 500 indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 521.24 | 564.86 | 598.76 | 602.54 |
| Change (%) | -13.49% | -6.25% | -0.63% | - |
| Change | -81.30 | -37.68 | -3.78 | - |
| Level | Intermediate | Major | Minor | - |
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 | 593.55 | 595.42 | 597.12 | 598.99 | 600.69 | 602.56 | 604.26 |
| Camarilla | 597.85 | 598.18 | 598.50 | 598.83 | 599.16 | 599.49 | 599.81 |
| Woodie | 593.48 | 595.38 | 597.05 | 598.95 | 600.62 | 602.52 | 604.19 |
| Fibonacci | 595.42 | 596.78 | 597.62 | 598.99 | 600.35 | 601.19 | 602.56 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 66.91 | |
| MACD (12,26,9): | 5.4300 | |
| Directional Movement: | 13.27 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 599.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 590.52 | |
| Elder Ray (13): | 6.31 | |
| Super Trend (3,10): | 585.37 | |
| Zig ZAG (10): | 602.94 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 92.58 | |
| TEMA (21): | 600.09 | |
| Williams %R (14): | -4.00 | |
| Chande Momentum Oscillator (20): | 5.60 | |
| Repulse (5,40,3): | 0.7400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 3.01 |
| MA7: | 597.03 | |
| MA20: | 591.63 | |
| MA50: | 582.19 | |
| MA100: | 566.27 | |
| MAexp7: | 597.82 | |
| MAexp20: | 592.28 | |
| MAexp50: | 582.23 | |
| MAexp100: | 568.14 | |
| Price / MA7: | +0.92% | |
| Price / MA20: | +1.84% | |
| Price / MA50: | +3.50% | |
| Price / MA100: | +6.41% | |
| Price / MAexp7: | +0.79% | |
| Price / MAexp20: | +1.73% | |
| Price / MAexp50: | +3.49% | |
| Price / MAexp100: | +6.05% |
Quotes :
-
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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