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 05/17/2024 (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

83%

11%

My opinion

Bullish above 5,020.35 USD

My targets

5,394.79 USD (+1.84%)

5,525.63 USD (+4.31%)

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 5,020.35 USD. The next resistance located at 5,394.79 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 5,525.63 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

8.2

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

Additional analysis

Quotes

The S&P500 INDEX price is 5,297.10 USD. The price registered a decrease of -0.21% on the session and was between 5,296.19 USD and 5,325.49 USD. This implies that the price is at +0.02% from its lowest and at -0.53% from its highest.

5,296.19

5,325.49

5,297.10

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

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

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

A technical analysis in Daily of this S&P500 INDEX chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 15 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

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	4,796.56	5,020.35	5,254.35	5,297.10
Change (%)	-9.45%	-5.22%	-0.81%	-
Change	-500.54	-276.75	-42.75	-
Level	Major	Major	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	5,257.73	5,276.96	5,287.03	5,306.26	5,316.33	5,335.56	5,345.63
Camarilla	5,289.04	5,291.73	5,294.41	5,297.10	5,299.79	5,302.47	5,305.16
Woodie	5,253.15	5,274.67	5,282.45	5,303.97	5,311.75	5,333.27	5,341.05
Fibonacci	5,276.96	5,288.15	5,295.07	5,306.26	5,317.45	5,324.37	5,335.56

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5,066.27	5,104.35	5,163.51	5,201.59	5,260.75	5,298.83	5,357.99
Camarilla	5,195.94	5,204.85	5,213.77	5,222.68	5,231.59	5,240.51	5,249.42
Woodie	5,076.82	5,109.62	5,174.06	5,206.86	5,271.30	5,304.10	5,368.54
Fibonacci	5,104.35	5,141.49	5,164.44	5,201.59	5,238.73	5,261.68	5,298.83

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,594.46	4,774.01	4,904.85	5,084.40	5,215.24	5,394.79	5,525.63
Camarilla	4,950.33	4,978.79	5,007.24	5,035.69	5,064.14	5,092.60	5,121.05
Woodie	4,570.11	4,761.83	4,880.50	5,072.22	5,190.89	5,382.61	5,501.28
Fibonacci	4,774.01	4,892.58	4,965.83	5,084.40	5,202.97	5,276.22	5,394.79

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):	67.45
MACD (12,26,9):	43.8900
Directional Movement:	18.24
AROON (14):	71.43
DEMA (21):	5,223.39
Parabolic SAR (0,02-0,02-0,2):	5,185.26
Elder Ray (13):	107.16
Super Trend (3,10):	5,168.92
Zig ZAG (10):	5,297.10
VORTEX (21):	1.1400
Stochastique (14,3,5):	96.12
TEMA (21):	5,260.02
Williams %R (14):	-9.03
Chande Momentum Oscillator (20):	261.41
Repulse (5,40,3):	0.5900
ROCnROLL:	1
TRIX (15,9):	0.0500
Courbe Coppock:	7.65

MA7:	5,242.54
MA20:	5,134.84
MA50:	5,154.23
MA100:	5,031.61
MAexp7:	5,245.16
MAexp20:	5,177.94
MAexp50:	5,123.95
MAexp100:	5,011.37
Price / MA7:	+1.04%
Price / MA20:	+3.16%
Price / MA50:	+2.77%
Price / MA100:	+5.28%
Price / MAexp7:	+0.99%
Price / MAexp20:	+2.30%
Price / MAexp50:	+3.38%
Price / MAexp100:	+5.70%

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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