SPDR S&P 500 - 15 min. - Technical analysis published on 10/17/2019 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 298.49 USD
My targets
299.73 USD (+0.20%)
300.31 USD (+0.40%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SPDR S&P 500 as long as the price remains well above 298.49 USD. The buyers” bullish objective is set at 299.73 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 300.31 USD. If there is any crossing, the next objective would be the resistance located at 301.27 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
6.6
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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 SPDR S&P 500 price is 299.12 USD. The price registered an increase of +0.24% on the session and was traded between 298.70 USD and 300.24 USD over the period. The price is currently at +0.14% from its lowest and -0.37% from its highest.298.70
300.24
299.12
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
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
Technical
Technical analysis of this 15 min. chart of SPDR S&P 500 indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 288.15 | 293.58 | 297.98 | 299.12 | 299.76 | 301.27 |
| Change (%) | -3.67% | -1.85% | -0.38% | - | +0.21% | +0.72% |
| Change | -10.97 | -5.54 | -1.14 | - | +0.64 | +2.15 |
| Level | Major | Major | Major | - | Minor | Major |
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 | 296.59 | 297.25 | 297.83 | 298.49 | 299.07 | 299.73 | 300.31 |
| Camarilla | 298.06 | 298.17 | 298.29 | 298.40 | 298.51 | 298.63 | 298.74 |
| Woodie | 296.54 | 297.23 | 297.78 | 298.47 | 299.02 | 299.71 | 300.26 |
| Fibonacci | 297.25 | 297.73 | 298.02 | 298.49 | 298.97 | 299.26 | 299.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 280.02 | 284.25 | 290.27 | 294.50 | 300.52 | 304.75 | 310.77 |
| Camarilla | 293.46 | 294.40 | 295.34 | 296.28 | 297.22 | 298.16 | 299.10 |
| Woodie | 280.91 | 284.70 | 291.16 | 294.95 | 301.41 | 305.20 | 311.66 |
| Fibonacci | 284.25 | 288.17 | 290.59 | 294.50 | 298.42 | 300.84 | 304.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 276.09 | 282.01 | 289.39 | 295.31 | 302.69 | 308.61 | 315.99 |
| Camarilla | 293.11 | 294.33 | 295.55 | 296.77 | 297.99 | 299.21 | 300.43 |
| Woodie | 276.82 | 282.38 | 290.12 | 295.68 | 303.42 | 308.98 | 316.72 |
| Fibonacci | 282.01 | 287.09 | 290.23 | 295.31 | 300.39 | 303.53 | 308.61 |
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): | 52.13 | |
| MACD (12,26,9): | 0.2400 | |
| Directional Movement: | -1.49 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 299.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 298.70 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 298.78 | |
| Zig ZAG (10): | 299.03 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 57.00 | |
| TEMA (21): | 299.54 | |
| Williams %R (14): | -48.35 | |
| Chande Momentum Oscillator (20): | 0.83 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.78 |
| MA7: | 296.20 | |
| MA20: | 295.01 | |
| MA50: | 293.33 | |
| MA100: | 292.35 | |
| MAexp7: | 299.44 | |
| MAexp20: | 299.11 | |
| MAexp50: | 298.70 | |
| MAexp100: | 297.82 | |
| Price / MA7: | +0.99% | |
| Price / MA20: | +1.39% | |
| Price / MA50: | +1.97% | |
| Price / MA100: | +2.32% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.44% |
This member declared not having a position on this financial instrument or a related financial instrument.
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