S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 03/27/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 5,289.50 USD
My targets
5,252.00 USD (-0.50%)
5,238.75 USD (-0.75%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on S&P500 - MINI S&P500 FULL0624 as long as the price remains well below 5,289.50 USD. The next bearish objective for sellers is set at 5,252.00 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 5,238.75 USD. If there is any crossing, the next objective would be the support located at 5,214.50 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0624 price is 5,278.50 USD. The price has increased by +0.25% since the last closing with the lowest point at 5,270.75 USD and the highest point at 5,294.50 USD. The deviation from the price is +0.15% for the low point and -0.30% for the high point.5,270.75
5,294.50
5,278.50
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
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 bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish 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 does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,219.33 | 5,241.25 | 5,272.50 | 5,278.50 | 5,287.88 | 5,300.64 | 5,322.75 |
| Change (%) | -1.12% | -0.71% | -0.11% | - | +0.18% | +0.42% | +0.84% |
| Change | -59.17 | -37.25 | -6.00 | - | +9.38 | +22.14 | +44.25 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,214.50 | 5,238.75 | 5,252.00 | 5,276.25 | 5,289.50 | 5,313.75 | 5,327.00 |
| Camarilla | 5,254.94 | 5,258.38 | 5,261.81 | 5,265.25 | 5,268.69 | 5,272.13 | 5,275.56 |
| Woodie | 5,209.00 | 5,236.00 | 5,246.50 | 5,273.50 | 5,284.00 | 5,311.00 | 5,321.50 |
| Fibonacci | 5,238.75 | 5,253.08 | 5,261.93 | 5,276.25 | 5,290.58 | 5,299.43 | 5,313.75 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.41 | |
| MACD (12,26,9): | -2.8400 | |
| Directional Movement: | -8.86 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 5,275.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,284.49 | |
| Elder Ray (13): | -2.98 | |
| Super Trend (3,10): | 5,287.15 | |
| Zig ZAG (10): | 5,276.00 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 11.93 | |
| TEMA (21): | 5,273.07 | |
| Williams %R (14): | -72.63 | |
| Chande Momentum Oscillator (20): | -12.25 | |
| Repulse (5,40,3): | 0.0700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.47 |
| MA7: | 5,278.07 | |
| MA20: | 5,227.12 | |
| MA50: | 5,118.45 | |
| MA100: | 4,934.62 | |
| MAexp7: | 5,276.06 | |
| MAexp20: | 5,278.50 | |
| MAexp50: | 5,280.61 | |
| MAexp100: | 5,281.73 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | +0.98% | |
| Price / MA50: | +3.13% | |
| Price / MA100: | +6.97% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.06% |
Quotes :
-
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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