S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 05/22/2024 (GMT)
- 65
- 0
- Timeframe : 15 min.
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Neutral
Technical indicators
39%
11%
50%
My opinion
Neutral between 5,329.33 USD and 5,354.33 USD
My targets
-
My analysis
The basic trend is neutral and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 5,354.33 USD. The first support is located at 5,329.33 USD. However, the chances of finding the first resistance before the first support are slightly higher. Without a basic trend, it is be important to monitor the price response at these levels. A bullish break in resistance or a bearish break in support could provide a signal that would set a new direction for the basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by S&P500 - MINI S&P500 FULL0624.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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 5,342.00 USD. The price registered a decrease of -0.06% on the session and was traded between 5,332.50 USD and 5,349.25 USD over the period. The price is currently at +0.18% from its lowest and -0.14% from its highest.5,332.50
5,349.25
5,342.00
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 not clearly defined. The slightly bullish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bullish trend. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 15 minutes
In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
RSI indicator is back over 50
Type : Bullish
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 | 5,264.00 | 5,308.50 | 5,322.58 | 5,342.00 | 5,348.62 |
| Change (%) | -1.46% | -0.63% | -0.36% | - | +0.12% |
| Change | -78.00 | -33.50 | -19.42 | - | +6.62 |
| 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.41 | |
| MACD (12,26,9): | 0.2700 | |
| Directional Movement: | -12.57 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 5,340.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,344.03 | |
| Elder Ray (13): | -0.44 | |
| Super Trend (3,10): | 5,333.89 | |
| Zig ZAG (10): | 5,340.25 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 70.00 | |
| TEMA (21): | 5,341.33 | |
| Williams %R (14): | -36.00 | |
| Chande Momentum Oscillator (20): | -2.25 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.08 |
| MA7: | 5,324.21 | |
| MA20: | 5,217.65 | |
| MA50: | 5,209.26 | |
| MA100: | 5,119.43 | |
| MAexp7: | 5,341.00 | |
| MAexp20: | 5,340.39 | |
| MAexp50: | 5,340.46 | |
| MAexp100: | 5,340.00 | |
| Price / MA7: | +0.33% | |
| Price / MA20: | +2.38% | |
| Price / MA50: | +2.55% | |
| Price / MA100: | +4.35% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.04% |
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.
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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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