S&P 500 GROWTH
SP500G
- USD (-)
- End-of-day data - S&P Indices
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Indices
Ticker: SP500G
ISIN: SP500G

S&P 500 GROWTH - Daily - Technical analysis published on 12/17/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 1,858.74 USD
My targets
1,947.97 USD (+1.33%)
1,988.95 USD (+3.46%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on S&P 500 GROWTH as long as the price remains well above 1,858.74 USD. The buyers” bullish objective is set at 1,947.97 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,988.95 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
8.2

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Weekly

Additional analysis

Quotes

The S&P 500 GROWTH price is 1,922.38 USD. On the day, this instrument gained +0.68% and was between 1,916.81 USD and 1,924.72 USD. This implies that the price is at +0.29% from its lowest and at -0.12% from its highest.

1,916.81
1,924.72
1,922.38

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.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by S&P 500 GROWTH:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this S&P 500 GROWTH chart shows a strongly bullish trend. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily



The analysis of the price chart with Central Patterns scanners does not return any result.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Three white soldiers

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 1,834.80 1,858.74 1,906.65 1,922.38
Change (%) -4.56% -3.31% -0.82% -
Change -87.58 -63.64 -15.73 -
Level Intermediate Intermediate Minor -



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,889.381,895.401,902.391,908.411,915.401,921.421,928.41
Camarilla1,905.811,907.001,908.191,909.391,910.581,911.771,912.96
Woodie1,889.871,895.641,902.881,908.651,915.891,921.661,928.90
Fibonacci1,895.401,900.371,903.441,908.411,913.381,916.451,921.42


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,863.641,874.801,892.101,903.261,920.551,931.711,949.01
Camarilla1,901.561,904.171,906.781,909.391,912.001,914.601,917.21
Woodie1,866.701,876.341,895.161,904.791,923.611,933.251,952.07
Fibonacci1,874.801,885.671,892.391,903.261,914.131,920.841,931.71


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,792.701,817.141,858.121,882.551,923.541,947.971,988.95
Camarilla1,881.111,887.111,893.111,899.101,905.101,911.091,917.09
Woodie1,800.981,821.271,866.391,886.691,931.811,952.111,997.23
Fibonacci1,817.141,842.131,857.561,882.551,907.541,922.981,947.97

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): 69.93
MACD (12,26,9): 14.8400
Directional Movement: 18.94
AROON (14): 64.29
DEMA (21): 1,908.75
Parabolic SAR (0,02-0,02-0,2): 1,865.27
Elder Ray (13): 24.29
Super Trend (3,10): 1,880.66
Zig ZAG (10): 1,922.38
VORTEX (21): 1.0900
Stochastique (14,3,5): 91.95
TEMA (21): 1,910.58
Williams %R (14): -3.49
Chande Momentum Oscillator (20): 15.73
Repulse (5,40,3): 0.7900
ROCnROLL: 1
TRIX (15,9): 0.1100
Courbe Coppock: 1.94
MA7: 1,901.90
MA20: 1,890.39
MA50: 1,853.07
MA100: 1,828.79
MAexp7: 1,904.17
MAexp20: 1,888.91
MAexp50: 1,863.16
MAexp100: 1,836.30
Price / MA7: +1.08%
Price / MA20: +1.69%
Price / MA50: +3.74%
Price / MA100: +5.12%
Price / MAexp7: +0.96%
Price / MAexp20: +1.77%
Price / MAexp50: +3.18%
Price / MAexp100: +4.69%

This member declared not having a position on this financial instrument or a related financial instrument.

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