S&P500 INDEX

- USD (-)

- End-of-day data - S&P Base Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	SP500
ISIN:

S&P500 INDEX - Weekly - Technical analysis published on 08/11/2022 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

67%

28%

My opinion

Bullish above 4,063.04 USD

My targets

4,305.67 USD (+2.27%)

4,796.56 USD (+13.93%)

My analysis

A bullish trend on S&P500 INDEX both in substance and in the short term. A purchase could be considered as long as the price remains above 4,063.04 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 4,305.67 USD. Then the price could move towards 4,796.56 USD. Be careful, a return below 4,063.04 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

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

4.5

Comment on the analysis

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 Milosz Herman. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The S&P500 INDEX price is 4,210.24 USD. The price is up +1.40% over 5 days and has been traded over the last 5 days between 4,112.09 USD and 4,211.03 USD. This implies that the 5 day price is +2.39% from its lowest point and -0.02% from its highest point.

4,112.09

4,211.03

4,210.24

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Weekly chart of S&P500 INDEX indicates that the overall trend is bullish. The signals given by moving averages are 64.29% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Weekly

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2,930.75	3,666.77	4,063.04	4,210.24	4,305.67	4,796.56
Change (%)	-30.39%	-12.91%	-3.50%	-	+2.27%	+13.93%
Change	-1,279.49	-543.47	-147.20	-	+95.43	+586.32
Level	Intermediate	Major	Minor	-	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	4,154.22	4,165.74	4,187.99	4,199.51	4,221.76	4,233.28	4,255.53
Camarilla	4,200.95	4,204.05	4,207.14	4,210.24	4,213.34	4,216.43	4,219.53
Woodie	4,159.59	4,168.42	4,193.36	4,202.19	4,227.13	4,235.96	4,260.90
Fibonacci	4,165.74	4,178.64	4,186.61	4,199.51	4,212.41	4,220.38	4,233.28

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,006.26	4,043.04	4,094.11	4,130.89	4,181.96	4,218.74	4,269.81
Camarilla	4,121.03	4,129.08	4,137.14	4,145.19	4,153.24	4,161.30	4,169.35
Woodie	4,013.42	4,046.61	4,101.27	4,134.46	4,189.12	4,222.31	4,276.97
Fibonacci	4,043.04	4,076.60	4,097.33	4,130.89	4,164.45	4,185.18	4,218.74

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,435.93	3,578.74	3,854.52	3,997.33	4,273.11	4,415.92	4,691.70
Camarilla	4,015.18	4,053.55	4,091.92	4,130.29	4,168.66	4,207.03	4,245.40
Woodie	3,502.41	3,611.98	3,921.00	4,030.57	4,339.59	4,449.16	4,758.18
Fibonacci	3,578.74	3,738.65	3,837.43	3,997.33	4,157.24	4,256.02	4,415.92

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):	52.62
MACD (12,26,9):	-82.3100
Directional Movement:	-5.15
AROON (14):	-42.86
DEMA (21):	3,973.53
Parabolic SAR (0,02-0,02-0,2):	3,667.76
Elder Ray (13):	105.65
Super Trend (3,10):	4,363.82
Zig ZAG (10):	4,210.24
VORTEX (21):	0.9700
Stochastique (14,3,5):	83.04
TEMA (21):	3,952.49
Williams %R (14):	-0.14
Chande Momentum Oscillator (20):	308.88
Repulse (5,40,3):	7.4500
ROCnROLL:	1
TRIX (15,9):	-0.4400
Courbe Coppock:	9.53

MA7:	4,145.18
MA20:	4,029.53
MA50:	3,947.59
MA100:	4,112.16
MAexp7:	4,064.14
MAexp20:	4,097.59
MAexp50:	4,189.85
MAexp100:	4,050.18
Price / MA7:	+1.57%
Price / MA20:	+4.48%
Price / MA50:	+6.65%
Price / MA100:	+2.39%
Price / MAexp7:	+3.59%
Price / MAexp20:	+2.75%
Price / MAexp50:	+0.49%
Price / MAexp100:	+3.95%

Quotes : - End-of-day data - S&P Base Indices

News

The latest news and videos published on S&P500 INDEX at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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