S&P500 - MINI S&P500 FULL0924 - 15 min. - Technical analysis published on 05/22/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 5,329.33 USD
My targets
5,354.33 USD (+0.26%)
5,363.42 USD (+0.43%)
My analysis
The basic trend is currently slightly bullish on S&P500 - MINI S&P500 FULL0624 and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 5,329.33 USD, purchases could be favourable. The first bullish objective would be the resistance located at 5,354.33 USD. Then the price could move towards 5,363.42 USD. Then 5,379.33 USD by extension. A return under the support to 5,329.33 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
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
0
10
3.9
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
S&P500 - MINI S&P500 FULL0624 rating 5,340.50 USD. On the day, this instrument lost -0.09% and was between 5,332.50 USD and 5,349.25 USD. This implies that the price is at +0.15% from its lowest and at -0.16% from its highest.5,332.50
5,349.25
5,340.50
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by S&P500 - MINI S&P500 FULL0624:
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 15 min. chart of S&P500 - MINI S&P500 FULL0624 indicates that the overall trend is slightly bullish. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 15 minutes
In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 15 minutes
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
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 5,264.00 | 5,308.50 | 5,322.58 | 5,340.50 | 5,348.62 |
| Change (%) | -1.43% | -0.60% | -0.34% | - | +0.15% |
| Change | -76.50 | -32.00 | -17.92 | - | +8.12 |
| Level | Major | Major | Minor | - | Intermediate |
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 | 5,304.33 | 5,313.42 | 5,329.33 | 5,338.42 | 5,354.33 | 5,363.42 | 5,379.33 |
| Camarilla | 5,338.38 | 5,340.67 | 5,342.96 | 5,345.25 | 5,347.54 | 5,349.83 | 5,352.13 |
| Woodie | 5,307.75 | 5,315.13 | 5,332.75 | 5,340.13 | 5,357.75 | 5,365.13 | 5,382.75 |
| Fibonacci | 5,313.42 | 5,322.97 | 5,328.87 | 5,338.42 | 5,347.97 | 5,353.87 | 5,363.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,114.08 | 5,165.42 | 5,246.33 | 5,297.67 | 5,378.58 | 5,429.92 | 5,510.83 |
| Camarilla | 5,290.88 | 5,303.00 | 5,315.13 | 5,327.25 | 5,339.37 | 5,351.50 | 5,363.62 |
| Woodie | 5,128.88 | 5,172.81 | 5,261.13 | 5,305.06 | 5,393.38 | 5,437.31 | 5,525.63 |
| Fibonacci | 5,165.42 | 5,215.94 | 5,247.15 | 5,297.67 | 5,348.19 | 5,379.40 | 5,429.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,558.83 | 4,761.17 | 4,903.83 | 5,106.17 | 5,248.83 | 5,451.17 | 5,593.83 |
| Camarilla | 4,951.63 | 4,983.25 | 5,014.88 | 5,046.50 | 5,078.13 | 5,109.75 | 5,141.38 |
| Woodie | 4,529.00 | 4,746.25 | 4,874.00 | 5,091.25 | 5,219.00 | 5,436.25 | 5,564.00 |
| Fibonacci | 4,761.17 | 4,892.96 | 4,974.38 | 5,106.17 | 5,237.96 | 5,319.38 | 5,451.17 |
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): | 52.64 | |
| MACD (12,26,9): | 0.4300 | |
| Directional Movement: | -9.61 | |
| AROON (14): | -21.42 | |
| DEMA (21): | 5,340.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,344.51 | |
| Elder Ray (13): | 0.54 | |
| Super Trend (3,10): | 5,333.89 | |
| Zig ZAG (10): | 5,341.50 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 62.00 | |
| TEMA (21): | 5,341.59 | |
| Williams %R (14): | -26.00 | |
| Chande Momentum Oscillator (20): | 3.50 | |
| Repulse (5,40,3): | 0.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.14 |
| MA7: | 5,324.11 | |
| MA20: | 5,217.62 | |
| MA50: | 5,209.26 | |
| MA100: | 5,119.42 | |
| MAexp7: | 5,341.05 | |
| MAexp20: | 5,340.22 | |
| MAexp50: | 5,340.44 | |
| MAexp100: | 5,339.97 | |
| Price / MA7: | +0.31% | |
| Price / MA20: | +2.36% | |
| Price / MA50: | +2.52% | |
| Price / MA100: | +4.32% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | +0.01% |
Quotes :
-
10 min delayed data
-
CME E-mini Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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