S&P500 INDEX

- USD (-)

- End-of-day data - S&P Base Indices

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Type:	Indices
Ticker:	SP500
ISIN:

S&P500 INDEX - Daily - Technical analysis published on 06/17/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Bullish

Technical indicators

33%

My opinion

Bullish above 2,959.87 USD

My targets

3,225.52 USD (+3.23%)

3,386.15 USD (+8.37%)

My analysis

S&P500 INDEX is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2,959.87 USD. The next resistance located at 3,225.52 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3,386.15 USD.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

4.6

Comment on the analysis

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 christos. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The S&P500 INDEX rating is 3,124.74 USD. The price has increased by +1.90% since the last closing and was traded between 3,076.61 USD and 3,153.45 USD over the period. The price is currently at +1.56% from its lowest and -0.91% from its highest.

3,076.61

3,153.45

3,124.74

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of S&P500 INDEX in Daily shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

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

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Downside gap

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2,581.29	2,930.75	3,095.27	3,124.74	3,225.52	3,386.15
Change (%)	-17.39%	-6.21%	-0.94%	-	+3.23%	+8.37%
Change	-543.45	-193.99	-29.47	-	+100.78	+261.41
Level	Intermediate	Major	Intermediate	-	Major	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	2,883.76	2,934.12	2,987.71	3,038.07	3,091.66	3,142.02	3,195.61
Camarilla	3,012.72	3,022.25	3,031.78	3,041.31	3,050.84	3,060.37	3,069.90
Woodie	2,885.39	2,934.93	2,989.34	3,038.88	3,093.29	3,142.83	3,197.24
Fibonacci	2,934.12	2,973.83	2,998.36	3,038.07	3,077.78	3,102.31	3,142.02

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,899.56	2,965.55	3,079.74	3,145.73	3,259.92	3,325.91	3,440.10
Camarilla	3,144.38	3,160.90	3,177.41	3,193.93	3,210.45	3,226.96	3,243.48
Woodie	2,923.66	2,977.60	3,103.84	3,157.78	3,284.02	3,337.96	3,464.20
Fibonacci	2,965.55	3,034.38	3,076.90	3,145.73	3,214.56	3,257.08	3,325.91

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,549.05	2,657.84	2,851.08	2,959.87	3,153.11	3,261.90	3,455.14
Camarilla	2,961.25	2,988.94	3,016.62	3,044.31	3,072.00	3,099.68	3,127.37
Woodie	2,591.27	2,678.95	2,893.30	2,980.98	3,195.33	3,283.01	3,497.36
Fibonacci	2,657.84	2,773.22	2,844.50	2,959.87	3,075.25	3,146.53	3,261.90

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):	53.69
MACD (12,26,9):	58.1400
Directional Movement:	-6.35
AROON (14):	-35.71
DEMA (21):	3,136.64
Parabolic SAR (0,02-0,02-0,2):	3,218.70
Elder Ray (13):	-60.06
Super Trend (3,10):	3,245.06
Zig ZAG (10):	3,066.59
VORTEX (21):	1.0300
Stochastique (14,3,5):	29.26
TEMA (21):	3,143.65
Williams %R (14):	-62.26
Chande Momentum Oscillator (20):	36.86
Repulse (5,40,3):	0.7100
ROCnROLL:	-1
TRIX (15,9):	0.3600
Courbe Coppock:	9.83

MA7:	3,133.38
MA20:	3,057.99
MA50:	2,914.03
MA100:	2,942.44
MAexp7:	3,092.64
MAexp20:	3,053.52
MAexp50:	2,966.81
MAexp100:	2,956.68
Price / MA7:	-0.28%
Price / MA20:	+2.18%
Price / MA50:	+7.23%
Price / MA100:	+6.20%
Price / MAexp7:	+1.04%
Price / MAexp20:	+2.33%
Price / MAexp50:	+5.32%
Price / MAexp100:	+5.68%

Quotes : 2020-06-16 00:00:00 - End-of-day data - S&P Base Indices

News

The last news published on S&P500 INDEX at the time of the generation of this analysis was as follows:

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

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