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 07/10/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

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

5,695.47 USD (+2.12%)

5,867.29 USD (+5.21%)

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 5,695.47 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5,867.29 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

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 5,576.98 USD. On the day, this instrument gained +0.07% and was between 5,574.57 USD and 5,590.75 USD. This implies that the price is at +0.04% from its lowest and at -0.25% from its highest.

5,574.57

5,590.75

5,576.98

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

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 results:

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

Technical analysis of S&P500 INDEX in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by 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. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

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

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

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

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	4,796.56	4,967.23	5,254.35	5,576.98
Change (%)	-13.99%	-10.93%	-5.79%	-
Change	-780.42	-609.75	-322.63	-
Level	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	5,552.82	5,569.63	5,601.77	5,618.58	5,650.72	5,667.53	5,699.67
Camarilla	5,620.45	5,624.94	5,629.42	5,633.91	5,638.40	5,642.88	5,647.37
Woodie	5,560.49	5,573.46	5,609.44	5,622.41	5,658.39	5,671.36	5,707.34
Fibonacci	5,569.63	5,588.33	5,599.88	5,618.58	5,637.28	5,648.83	5,667.53

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5,361.90	5,404.22	5,485.70	5,528.02	5,609.50	5,651.82	5,733.30
Camarilla	5,533.15	5,544.49	5,555.84	5,567.19	5,578.54	5,589.89	5,601.24
Woodie	5,381.49	5,414.01	5,505.29	5,537.81	5,629.09	5,661.61	5,752.89
Fibonacci	5,404.22	5,451.51	5,480.73	5,528.02	5,575.31	5,604.53	5,651.82

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,999.33	5,116.83	5,288.65	5,406.15	5,577.97	5,695.47	5,867.29
Camarilla	5,380.92	5,407.44	5,433.96	5,460.48	5,487.00	5,513.52	5,540.04
Woodie	5,026.50	5,130.41	5,315.82	5,419.73	5,605.14	5,709.05	5,894.46
Fibonacci	5,116.83	5,227.35	5,295.63	5,406.15	5,516.67	5,584.95	5,695.47

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):	77.42
MACD (12,26,9):	65.0600
Directional Movement:	31.18
AROON (14):	100.00
DEMA (21):	5,558.90
Parabolic SAR (0,02-0,02-0,2):	5,461.05
Elder Ray (13):	76.11
Super Trend (3,10):	5,471.37
Zig ZAG (10):	5,576.98
VORTEX (21):	1.2500
Stochastique (14,3,5):	94.09
TEMA (21):	5,571.31
Williams %R (14):	-9.55
Chande Momentum Oscillator (20):	103.81
Repulse (5,40,3):	0.5300
ROCnROLL:	1
TRIX (15,9):	0.1700
Courbe Coppock:	3.84

MA7:	5,528.37
MA20:	5,474.85
MA50:	5,331.05
MA100:	5,226.70
MAexp7:	5,539.08
MAexp20:	5,472.96
MAexp50:	5,360.12
MAexp100:	5,218.61
Price / MA7:	+0.88%
Price / MA20:	+1.87%
Price / MA50:	+4.61%
Price / MA100:	+6.70%
Price / MAexp7:	+0.68%
Price / MAexp20:	+1.90%
Price / MAexp50:	+4.05%
Price / MAexp100:	+6.87%

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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