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 - Daily - Technical analysis published on 05/30/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 4,110.07 USD

My targets

4,305.20 USD (+2.37%)

4,330.62 USD (+2.98%)

My analysis

S&P500 INDEX 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 4,110.07 USD. The next resistance located at 4,305.20 USD 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 4,330.62 USD. After this resistance, buyers could then target 4,796.56 USD. 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

8.4

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

Additional analysis

Quotes

The S&P500 INDEX rating is 4,205.45 USD. On the day, this instrument gained +1.31% and was between 4,156.16 USD and 4,212.87 USD. This implies that the price is at +1.19% from its lowest and at -0.18% from its highest.

4,156.16

4,212.87

4,205.45

Here is a more detailed summary of the historical variations registered by S&P500 INDEX:

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

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 S&P500 INDEX 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 market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	3,855.76	3,994.98	4,110.07	4,205.45	4,305.20	4,796.56
Change (%)	-8.32%	-5.00%	-2.27%	-	+2.37%	+14.06%
Change	-349.69	-210.47	-95.38	-	+99.75	+591.11
Level	Intermediate	Minor	Major	-	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	4,113.41	4,134.78	4,170.12	4,191.49	4,226.83	4,248.20	4,283.54
Camarilla	4,189.86	4,195.05	4,200.25	4,205.45	4,210.65	4,215.85	4,221.05
Woodie	4,120.39	4,138.27	4,177.10	4,194.98	4,233.81	4,251.69	4,290.52
Fibonacci	4,134.78	4,156.45	4,169.83	4,191.49	4,213.16	4,226.54	4,248.20

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,026.44	4,065.21	4,135.33	4,174.10	4,244.22	4,282.99	4,353.11
Camarilla	4,175.51	4,185.49	4,195.47	4,205.45	4,215.43	4,225.41	4,235.40
Woodie	4,042.12	4,073.05	4,151.01	4,181.94	4,259.90	4,290.83	4,368.79
Fibonacci	4,065.21	4,106.81	4,132.50	4,174.10	4,215.70	4,241.39	4,282.99

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,968.49	4,008.92	4,089.20	4,129.63	4,209.91	4,250.34	4,330.62
Camarilla	4,136.29	4,147.35	4,158.42	4,169.48	4,180.55	4,191.61	4,202.68
Woodie	3,988.42	4,018.88	4,109.13	4,139.59	4,229.84	4,260.30	4,350.55
Fibonacci	4,008.92	4,055.03	4,083.52	4,129.63	4,175.74	4,204.23	4,250.34

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):	59.43
MACD (12,26,9):	18.9600
Directional Movement:	12.78
AROON (14):	50.00
DEMA (21):	4,171.42
Parabolic SAR (0,02-0,02-0,2):	4,098.25
Elder Ray (13):	29.30
Super Trend (3,10):	4,071.25
Zig ZAG (10):	4,205.45
VORTEX (21):	1.0200
Stochastique (14,3,5):	54.40
TEMA (21):	4,170.75
Williams %R (14):	-6.54
Chande Momentum Oscillator (20):	67.81
Repulse (5,40,3):	1.1000
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	2.13

MA7:	4,171.46
MA20:	4,141.52
MA50:	4,100.06
MA100:	4,053.19
MAexp7:	4,164.40
MAexp20:	4,145.78
MAexp50:	4,107.01
MAexp100:	4,060.79
Price / MA7:	+0.81%
Price / MA20:	+1.54%
Price / MA50:	+2.57%
Price / MA100:	+3.76%
Price / MAexp7:	+0.99%
Price / MAexp20:	+1.44%
Price / MAexp50:	+2.40%
Price / MAexp100:	+3.56%

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

News

Don't forget to follow the news on S&P500 INDEX. At the time of publication of this analysis, the latest news was as follows:

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

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