S&P500 INDEX

- USD (-)

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

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Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	SP500
ISIN:

S&P500 INDEX - Daily - Technical analysis published on 11/27/2024 (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

78%

22%

My opinion

Bullish above 5,867.96 USD

My targets

6,035.73 USD (+0.23%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on S&P500 INDEX as long as the price remains well above 5,867.96 USD. The buyers' bullish objective is set at 6,035.73 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.6

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

Additional analysis

Quotes

The S&P500 INDEX rating is 6,021.63 USD. The price has increased by +0.57% since the last closing and was between 5,992.27 USD and 6,025.42 USD. This implies that the price is at +0.49% from its lowest and at -0.06% from its highest.

5,992.27

6,025.42

6,021.63

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

A technical analysis in Daily of this S&P500 INDEX chart shows a strongly bullish trend. 92.86% 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.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

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

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	5,406.58	5,667.20	5,867.96	6,021.63
Change (%)	-10.21%	-5.89%	-2.55%	-
Change	-615.05	-354.43	-153.67	-
Level	Minor	Intermediate	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	5,967.64	5,979.96	6,000.79	6,013.11	6,033.94	6,046.26	6,067.09
Camarilla	6,012.51	6,015.55	6,018.59	6,021.63	6,024.67	6,027.71	6,030.75
Woodie	5,971.91	5,982.09	6,005.06	6,015.24	6,038.21	6,048.39	6,071.36
Fibonacci	5,979.96	5,992.62	6,000.44	6,013.11	6,025.77	6,033.59	6,046.26

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5,774.51	5,814.90	5,892.12	5,932.51	6,009.73	6,050.12	6,127.34
Camarilla	5,937.00	5,947.78	5,958.56	5,969.34	5,980.12	5,990.90	6,001.68
Woodie	5,792.93	5,824.11	5,910.54	5,941.72	6,028.15	6,059.33	6,145.76
Fibonacci	5,814.90	5,859.83	5,887.58	5,932.51	5,977.44	6,005.19	6,050.12

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5,422.35	5,548.18	5,626.81	5,752.64	5,831.27	5,957.10	6,035.73
Camarilla	5,649.22	5,667.97	5,686.71	5,705.45	5,724.19	5,742.93	5,761.68
Woodie	5,398.76	5,536.38	5,603.22	5,740.84	5,807.68	5,945.30	6,012.14
Fibonacci	5,548.18	5,626.28	5,674.53	5,752.64	5,830.74	5,878.99	5,957.10

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):	66.09
MACD (12,26,9):	49.1800
Directional Movement:	11.99
AROON (14):	50.00
DEMA (21):	5,982.79
Parabolic SAR (0,02-0,02-0,2):	5,887.87
Elder Ray (13):	66.12
Super Trend (3,10):	5,841.51
Zig ZAG (10):	6,021.63
VORTEX (21):	1.0700
Stochastique (14,3,5):	87.22
TEMA (21):	5,987.52
Williams %R (14):	-2.20
Chande Momentum Oscillator (20):	26.09
Repulse (5,40,3):	1.0600
ROCnROLL:	1
TRIX (15,9):	0.1100
Courbe Coppock:	3.98

MA7:	5,950.68
MA20:	5,904.32
MA50:	5,824.90
MA100:	5,669.11
MAexp7:	5,967.39
MAexp20:	5,917.67
MAexp50:	5,822.03
MAexp100:	5,685.01
Price / MA7:	+1.19%
Price / MA20:	+1.99%
Price / MA50:	+3.38%
Price / MA100:	+6.22%
Price / MAexp7:	+0.91%
Price / MAexp20:	+1.76%
Price / MAexp50:	+3.43%
Price / MAexp100:	+5.92%

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

News

Don't forget to follow the news on S&P500 INDEX. At the time of publication of this analysis, the latest news was as follows:

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

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