S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 03/28/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 5,297.58 USD
My targets
5,324.42 USD (+0.28%)
5,340.58 USD (+0.58%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 5,297.58 USD remains possible. It is advisable to trade S&P500 - MINI S&P500 FULL0624 with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 5,297.58 USD. The next bullish objective for buyers is set at 5,324.42 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5,340.58 USD. If there is any crossing, the next objective would be the resistance located at 5,367.42 USD. PS: if there is a bearish break in the support located at 5,297.58 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.3
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Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0624 rating is 5,309.75 USD. The price has increased by +0.03% since the last closing and was between 5,301.00 USD and 5,316.25 USD. This implies that the price is at +0.17% from its lowest and at -0.12% from its highest.5,301.00
5,316.25
5,309.75
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a 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
A technical analysis in 15 min. of this S&P500 - MINI S&P500 FULL0624 chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : 15 minutes
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
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 5,240.39 | 5,272.50 | 5,302.50 | 5,309.75 | 5,322.75 |
| Change (%) | -1.31% | -0.70% | -0.14% | - | +0.24% |
| Change | -69.36 | -37.25 | -7.25 | - | +13.00 |
| Level | Minor | Minor | Major | - | Intermediate |
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 | 5,238.42 | 5,254.58 | 5,281.42 | 5,297.58 | 5,324.42 | 5,340.58 | 5,367.42 |
| Camarilla | 5,296.43 | 5,300.37 | 5,304.31 | 5,308.25 | 5,312.19 | 5,316.13 | 5,320.08 |
| Woodie | 5,243.75 | 5,257.25 | 5,286.75 | 5,300.25 | 5,329.75 | 5,343.25 | 5,372.75 |
| Fibonacci | 5,254.58 | 5,271.01 | 5,281.16 | 5,297.58 | 5,314.01 | 5,324.16 | 5,340.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,068.08 | 5,124.92 | 5,209.08 | 5,265.92 | 5,350.08 | 5,406.92 | 5,491.08 |
| Camarilla | 5,254.48 | 5,267.40 | 5,280.33 | 5,293.25 | 5,306.18 | 5,319.10 | 5,332.03 |
| Woodie | 5,081.75 | 5,131.75 | 5,222.75 | 5,272.75 | 5,363.75 | 5,413.75 | 5,504.75 |
| Fibonacci | 5,124.92 | 5,178.78 | 5,212.06 | 5,265.92 | 5,319.78 | 5,353.06 | 5,406.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,838.83 | 4,914.42 | 5,062.33 | 5,137.92 | 5,285.83 | 5,361.42 | 5,509.33 |
| Camarilla | 5,148.79 | 5,169.28 | 5,189.76 | 5,210.25 | 5,230.74 | 5,251.23 | 5,271.71 |
| Woodie | 4,875.00 | 4,932.50 | 5,098.50 | 5,156.00 | 5,322.00 | 5,379.50 | 5,545.50 |
| Fibonacci | 4,914.42 | 4,999.79 | 5,052.54 | 5,137.92 | 5,223.29 | 5,276.04 | 5,361.42 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.05 | |
| MACD (12,26,9): | 0.4400 | |
| Directional Movement: | 3.94 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 5,310.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,311.75 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 5,301.68 | |
| Zig ZAG (10): | 5,310.00 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 46.67 | |
| TEMA (21): | 5,310.21 | |
| Williams %R (14): | -51.11 | |
| Chande Momentum Oscillator (20): | -4.00 | |
| Repulse (5,40,3): | 0.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.07 |
| MA7: | 5,292.11 | |
| MA20: | 5,235.94 | |
| MA50: | 5,127.83 | |
| MA100: | 4,942.94 | |
| MAexp7: | 5,309.92 | |
| MAexp20: | 5,309.81 | |
| MAexp50: | 5,307.71 | |
| MAexp100: | 5,303.31 | |
| Price / MA7: | +0.33% | |
| Price / MA20: | +1.41% | |
| Price / MA50: | +3.55% | |
| Price / MA100: | +7.42% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.12% |
Quotes :
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10 min delayed data
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CME E-mini Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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