S&P500 INDEX

- USD (-)

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

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Change:	-
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Type:	Indices
Ticker:	SP500
ISIN:

S&P500 INDEX - Daily - Technical analysis published on 04/29/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

50%

17%

33%

My opinion

Bullish above 4,968.15 USD

My targets

5,254.35 USD (+3.03%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on S&P500 INDEX. As long as you are above the support located at 4,968.15 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 5,254.35 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 4,968.15 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

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

3.9

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

Additional analysis

Quotes

S&P500 INDEX rating 5,099.96 USD. The price registered an increase of +1.02% on the session with the lowest point at 5,073.14 USD and the highest point at 5,114.62 USD. The deviation from the price is +0.53% for the low point and -0.29% for the high point.

5,073.14

5,114.62

5,099.96

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

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

Technical analysis of this Daily chart of S&P500 INDEX indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

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

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	4,690.61	4,796.56	4,968.15	5,099.96	5,142.15	5,254.35
Change (%)	-8.03%	-5.95%	-2.58%	-	+0.83%	+3.03%
Change	-409.35	-303.40	-131.81	-	+42.19	+154.39
Level	Minor	Major	Major	-	Intermediate	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	5,035.71	5,054.43	5,077.19	5,095.91	5,118.67	5,137.39	5,160.15
Camarilla	5,088.55	5,092.36	5,096.16	5,099.96	5,103.76	5,107.57	5,111.37
Woodie	5,037.74	5,055.44	5,079.22	5,096.92	5,120.70	5,138.40	5,162.18
Fibonacci	5,054.43	5,070.27	5,080.06	5,095.91	5,111.75	5,121.54	5,137.39

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,862.81	4,916.11	5,008.03	5,061.33	5,153.25	5,206.55	5,298.47
Camarilla	5,060.03	5,073.34	5,086.65	5,099.96	5,113.27	5,126.58	5,139.90
Woodie	4,882.13	4,925.77	5,027.35	5,070.99	5,172.57	5,216.21	5,317.79
Fibonacci	4,916.11	4,971.58	5,005.85	5,061.33	5,116.80	5,151.07	5,206.55

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,911.13	4,983.98	5,119.16	5,192.01	5,327.19	5,400.04	5,535.22
Camarilla	5,197.14	5,216.21	5,235.28	5,254.35	5,273.42	5,292.49	5,311.56
Woodie	4,942.31	4,999.56	5,150.34	5,207.59	5,358.37	5,415.62	5,566.40
Fibonacci	4,983.98	5,063.44	5,112.54	5,192.01	5,271.47	5,320.57	5,400.04

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):	49.75
MACD (12,26,9):	-26.1600
Directional Movement:	-6.71
AROON (14):	-57.15
DEMA (21):	5,067.19
Parabolic SAR (0,02-0,02-0,2):	4,958.94
Elder Ray (13):	15.43
Super Trend (3,10):	5,170.62
Zig ZAG (10):	5,099.96
VORTEX (21):	0.8100
Stochastique (14,3,5):	44.16
TEMA (21):	5,024.73
Williams %R (14):	-46.03
Chande Momentum Oscillator (20):	-60.68
Repulse (5,40,3):	1.0400
ROCnROLL:	1
TRIX (15,9):	-0.0600
Courbe Coppock:	5.83

MA7:	5,039.93
MA20:	5,116.15
MA50:	5,124.33
MA100:	4,959.74
MAexp7:	5,064.13
MAexp20:	5,095.21
MAexp50:	5,077.07
MAexp100:	4,954.82
Price / MA7:	+1.19%
Price / MA20:	-0.32%
Price / MA50:	-0.48%
Price / MA100:	+2.83%
Price / MAexp7:	+0.71%
Price / MAexp20:	+0.09%
Price / MAexp50:	+0.45%
Price / MAexp100:	+2.93%

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

News

The last news published on S&P500 INDEX at the time of the generation of this analysis was as follows:

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

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