SPDR S&P 500 - Weekly - Technical analysis published on 12/20/2024 (GMT)
- 85
- 0
- Timeframe : Weekly
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above
My targets
()
()
My analysis
SPDR S&P 500 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above . The next resistance located at is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at . With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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
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This analysis was given by althani. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SPDR S&P 500 rating 586.10 USD. The price registered a decrease of -3.00% over 5 days and has been traded over the last 5 days between 585.85 USD and 607.78 USD. This implies that the 5 day price is +0.04% from its lowest point and -3.57% from its highest point.585.85
607.78
586.10
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
A study of price movements over other periods shows the following variations:
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
A technical analysis in Weekly of this SPDR S&P 500 chart shows a strongly bullish trend. 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 market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Weekly
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
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 407.11 | 460.08 | 564.86 | 586.10 |
| Change (%) | -30.54% | -21.50% | -3.62% | - |
| Change | -178.99 | -126.02 | -21.24 | - |
| Level | Intermediate | 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 | 576.48 | 581.17 | 583.63 | 588.32 | 590.78 | 595.47 | 597.93 |
| Camarilla | 584.13 | 584.79 | 585.45 | 586.10 | 586.76 | 587.41 | 588.07 |
| Woodie | 575.38 | 580.61 | 582.53 | 587.76 | 589.68 | 594.91 | 596.83 |
| Fibonacci | 581.17 | 583.90 | 585.59 | 588.32 | 591.05 | 592.74 | 595.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 556.78 | 571.31 | 578.71 | 593.24 | 600.64 | 615.17 | 622.57 |
| Camarilla | 580.07 | 582.08 | 584.09 | 586.10 | 588.11 | 590.12 | 592.13 |
| Woodie | 553.21 | 569.53 | 575.14 | 591.46 | 597.07 | 613.39 | 619.00 |
| Fibonacci | 571.31 | 579.69 | 584.87 | 593.24 | 601.62 | 606.80 | 615.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 543.71 | 555.80 | 579.17 | 591.26 | 614.63 | 626.72 | 650.09 |
| Camarilla | 592.79 | 596.04 | 599.29 | 602.54 | 605.79 | 609.04 | 612.29 |
| Woodie | 549.35 | 558.62 | 584.81 | 594.08 | 620.27 | 629.54 | 655.73 |
| Fibonacci | 555.80 | 569.35 | 577.71 | 591.26 | 604.81 | 613.17 | 626.72 |
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): | 57.26 | |
| MACD (12,26,9): | 17.7700 | |
| Directional Movement: | 5.10 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 601.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 609.07 | |
| Elder Ray (13): | 10.16 | |
| Super Trend (3,10): | 566.49 | |
| Zig ZAG (10): | 586.10 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 81.48 | |
| TEMA (21): | 602.45 | |
| Williams %R (14): | -46.72 | |
| Chande Momentum Oscillator (20): | 14.63 | |
| Repulse (5,40,3): | -3.8400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4700 | |
| Courbe Coppock: | 13.79 |
| MA7: | 599.92 | |
| MA20: | 601.27 | |
| MA50: | 591.04 | |
| MA100: | 573.42 | |
| MAexp7: | 593.78 | |
| MAexp20: | 577.73 | |
| MAexp50: | 542.28 | |
| MAexp100: | 499.67 | |
| Price / MA7: | -2.30% | |
| Price / MA20: | -2.52% | |
| Price / MA50: | -0.84% | |
| Price / MA100: | +2.21% | |
| Price / MAexp7: | -1.29% | |
| Price / MAexp20: | +1.45% | |
| Price / MAexp50: | +8.08% | |
| Price / MAexp100: | +17.30% |
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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