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 07/17/2024 (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

89%

11%

My opinion

Bullish above 5,406.15 USD

My targets

5,867.29 USD (+3.53%)

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 5,406.15 USD. The next resistance located at 5,867.29 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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

8.9

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

Additional analysis

Quotes

The S&P500 INDEX rating is 5,667.20 USD. The price has increased by +0.64% since the last closing and was traded between 5,639.02 USD and 5,669.67 USD over the period. The price is currently at +0.50% from its lowest and -0.04% from its highest.

5,639.02

5,669.67

5,667.20

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

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 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 this Daily chart of S&P500 INDEX indicates that the overall trend is strongly bullish. 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, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed 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

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

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

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	4,967.23	5,254.35	5,633.91	5,667.20
Change (%)	-12.35%	-7.28%	-0.59%	-
Change	-699.97	-412.85	-33.29	-
Level	Major	Major	Intermediate	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5,616.94	5,627.98	5,647.59	5,658.63	5,678.24	5,689.28	5,708.89
Camarilla	5,658.77	5,661.58	5,664.39	5,667.20	5,670.01	5,672.82	5,675.63
Woodie	5,621.23	5,630.12	5,651.88	5,660.77	5,682.53	5,691.42	5,713.18
Fibonacci	5,627.98	5,639.69	5,646.92	5,658.63	5,670.34	5,677.57	5,689.28

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5,473.67	5,518.09	5,566.72	5,611.14	5,659.77	5,704.19	5,752.82
Camarilla	5,589.76	5,598.29	5,606.82	5,615.35	5,623.88	5,632.41	5,640.94
Woodie	5,475.78	5,519.14	5,568.83	5,612.19	5,661.88	5,705.24	5,754.93
Fibonacci	5,518.09	5,553.64	5,575.60	5,611.14	5,646.69	5,668.65	5,704.19

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	76.37
MACD (12,26,9):	74.3900
Directional Movement:	26.96
AROON (14):	71.43
DEMA (21):	5,631.50
Parabolic SAR (0,02-0,02-0,2):	5,549.61
Elder Ray (13):	81.33
Super Trend (3,10):	5,519.83
Zig ZAG (10):	5,667.20
VORTEX (21):	1.2400
Stochastique (14,3,5):	87.82
TEMA (21):	5,648.08
Williams %R (14):	-1.11
Chande Momentum Oscillator (20):	184.33
Repulse (5,40,3):	0.3400
ROCnROLL:	1
TRIX (15,9):	0.1800
Courbe Coppock:	5.38

MA7:	5,611.72
MA20:	5,530.34
MA50:	5,387.01
MA100:	5,258.09
MAexp7:	5,611.41
MAexp20:	5,534.34
MAexp50:	5,408.58
MAexp100:	5,257.15
Price / MA7:	+0.99%
Price / MA20:	+2.47%
Price / MA50:	+5.20%
Price / MA100:	+7.78%
Price / MAexp7:	+0.99%
Price / MAexp20:	+2.40%
Price / MAexp50:	+4.78%
Price / MAexp100:	+7.80%

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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