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 06/13/2024 (GMT)

Londinia

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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%

17%

My opinion

Bullish above 5,254.35 USD

My targets

5,540.98 USD (+2.21%)

5,740.07 USD (+5.89%)

My analysis

The bullish trend is currently very strong on S&P500 INDEX. As long as the price remains above the support at 5,254.35 USD, you could try to benefit from the boom. The first bullish objective is located at 5,540.98 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5,740.07 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.8

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 grmssaing84. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

S&P500 INDEX rating 5,421.03 USD. On the day, this instrument gained +0.85% with the lowest point at 5,409.13 USD and the highest point at 5,447.25 USD. The deviation from the price is +0.22% for the low point and -0.48% for the high point.

5,409.13

5,447.25

5,421.03

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

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

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 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

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

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

Price

	S3	S2	S1	Price
ProTrendLines	4,796.56	4,968.15	5,254.35	5,421.03
Change (%)	-11.52%	-8.35%	-3.07%	-
Change	-624.47	-452.88	-166.68	-
Level	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	5,370.77	5,386.64	5,410.19	5,426.06	5,449.61	5,465.48	5,489.03
Camarilla	5,422.90	5,426.51	5,430.13	5,433.74	5,437.35	5,440.97	5,444.58
Woodie	5,374.61	5,388.56	5,414.03	5,427.98	5,453.45	5,467.40	5,492.87
Fibonacci	5,386.64	5,401.70	5,411.00	5,426.06	5,441.12	5,450.42	5,465.48

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5,121.75	5,178.04	5,262.51	5,318.80	5,403.27	5,459.56	5,544.03
Camarilla	5,308.28	5,321.18	5,334.09	5,346.99	5,359.89	5,372.80	5,385.70
Woodie	5,135.85	5,185.09	5,276.61	5,325.85	5,417.37	5,466.61	5,558.13
Fibonacci	5,178.04	5,231.81	5,265.03	5,318.80	5,372.57	5,405.79	5,459.56

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,747.58	4,879.32	5,078.41	5,210.15	5,409.24	5,540.98	5,740.07
Camarilla	5,186.53	5,216.86	5,247.18	5,277.51	5,307.84	5,338.16	5,368.49
Woodie	4,781.27	4,896.16	5,112.10	5,226.99	5,442.93	5,557.82	5,773.76
Fibonacci	4,879.32	5,005.69	5,083.77	5,210.15	5,336.52	5,414.60	5,540.98

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	72.82
MACD (12,26,9):	54.1000
Directional Movement:	15.83
AROON (14):	57.15
DEMA (21):	5,387.83
Parabolic SAR (0,02-0,02-0,2):	5,255.46
Elder Ray (13):	74.47
Super Trend (3,10):	5,280.30
Zig ZAG (10):	5,433.74
VORTEX (21):	1.0900
Stochastique (14,3,5):	94.70
TEMA (21):	5,407.12
Williams %R (14):	-5.29
Chande Momentum Oscillator (20):	127.70
Repulse (5,40,3):	0.8600
ROCnROLL:	1
TRIX (15,9):	0.1300
Courbe Coppock:	3.07

MA7:	5,377.84
MA20:	5,320.75
MA50:	5,204.17
MA100:	5,137.37
MAexp7:	5,379.81
MAexp20:	5,318.98
MAexp50:	5,233.75
MAexp100:	5,113.23
Price / MA7:	+0.80%
Price / MA20:	+1.88%
Price / MA50:	+4.17%
Price / MA100:	+5.52%
Price / MAexp7:	+0.77%
Price / MAexp20:	+1.92%
Price / MAexp50:	+3.58%
Price / MAexp100:	+6.02%

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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