SPDR S&P 500 - 15 min. - Technical analysis published on 01/27/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 403.23 USD
My targets
406.44 USD (+0.12%)
408.12 USD (+0.54%)
My analysis
The bullish trend is currently very strong on SPDR S&P 500. As long as the price remains above the support at 403.23 USD, you could try to benefit from the boom. The first bullish objective is located at 406.44 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 408.12 USD as an objective. Crossing it would then enable buyers to target 411.33 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.9
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Additional analysis
Quotes
The SPDR S&P 500 price is 405.95 USD. The price has increased by +0.30% since the last closing and was between 403.44 USD and 406.76 USD. This implies that the price is at +0.62% from its lowest and at -0.20% from its highest.403.44
406.76
405.95
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this SPDR S&P 500 chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 15 minutes
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 15 minutes
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 389.62 | 393.57 | 400.21 | 405.95 | 407.68 | 417.39 | 429.70 |
Change (%) | -4.02% | -3.05% | -1.41% | - | +0.43% | +2.82% | +5.85% |
Change | -16.33 | -12.38 | -5.74 | - | +1.73 | +11.44 | +23.75 |
Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Major |
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 | 396.66 | 398.34 | 401.55 | 403.23 | 406.44 | 408.12 | 411.33 |
Camarilla | 403.41 | 403.85 | 404.30 | 404.75 | 405.20 | 405.65 | 406.10 |
Woodie | 397.42 | 398.72 | 402.31 | 403.61 | 407.20 | 408.50 | 412.09 |
Fibonacci | 398.34 | 400.21 | 401.37 | 403.23 | 405.10 | 406.26 | 408.12 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 375.71 | 381.49 | 388.68 | 394.46 | 401.65 | 407.43 | 414.62 |
Camarilla | 392.31 | 393.50 | 394.69 | 395.88 | 397.07 | 398.26 | 399.45 |
Woodie | 376.43 | 381.84 | 389.40 | 394.81 | 402.37 | 407.78 | 415.34 |
Fibonacci | 381.49 | 386.44 | 389.50 | 394.46 | 399.41 | 402.47 | 407.43 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 332.25 | 353.51 | 367.97 | 389.23 | 403.69 | 424.95 | 439.41 |
Camarilla | 372.61 | 375.88 | 379.16 | 382.43 | 385.70 | 388.98 | 392.25 |
Woodie | 328.85 | 351.81 | 364.57 | 387.53 | 400.29 | 423.25 | 436.01 |
Fibonacci | 353.51 | 367.16 | 375.59 | 389.23 | 402.88 | 411.31 | 424.95 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 66.21 | |
MACD (12,26,9): | 0.9800 | |
Directional Movement: | 17.63 | |
AROON (14): | 42.86 | |
DEMA (21): | 405.77 | |
Parabolic SAR (0,02-0,02-0,2): | 406.34 | |
Elder Ray (13): | 0.86 | |
Super Trend (3,10): | 402.82 | |
Zig ZAG (10): | 405.74 | |
VORTEX (21): | 1.1700 | |
Stochastique (14,3,5): | 77.23 | |
TEMA (21): | 405.89 | |
Williams %R (14): | -23.20 | |
Chande Momentum Oscillator (20): | 2.22 | |
Repulse (5,40,3): | 0.2500 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0400 | |
Courbe Coppock: | 0.92 |
MA7: | 399.47 | |
MA20: | 392.63 | |
MA50: | 393.34 | |
MA100: | 385.81 | |
MAexp7: | 405.36 | |
MAexp20: | 404.43 | |
MAexp50: | 402.65 | |
MAexp100: | 400.86 | |
Price / MA7: | +1.62% | |
Price / MA20: | +3.39% | |
Price / MA50: | +3.21% | |
Price / MA100: | +5.22% | |
Price / MAexp7: | +0.15% | |
Price / MAexp20: | +0.38% | |
Price / MAexp50: | +0.82% | |
Price / MAexp100: | +1.27% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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