S&P500 INDEX
S&P500 INDEX
- USD (-)
- End-of-day data - S&P Base Indices
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Indices
Ticker: SP500
ISIN:

S&P500 INDEX - Weekly - Technical analysis published on 03/14/2021 (GMT)

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

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 3,707.70 USD
My targets
4,053.88 USD (+2.80%)
4,157.32 USD (+5.43%)
My analysis
The bullish trend is currently very strong on S&P500 INDEX. As long as the price remains above the support at 3,707.70 USD, you could try to benefit from the boom. The first bullish objective is located at 4,053.88 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4,157.32 USD as an objective. 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.

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
7.5

This analysis was given by Currenciesboost. Take part yourself by sharing additional analysis on another time unit:
Daily
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.

Additional analysis

Quotes

The S&P500 INDEX rating is 3,943.34 USD. The price registered an increase of +2.64% over 5 days with the lowest point at 3,885.73 USD and the highest point at 3,960.27 USD. The deviation from the price is +1.48% for the low point and -0.43% for the high point.

3,885.73
3,960.27
3,943.34

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 Weekly chart of S&P500 INDEX indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Weekly


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : Weekly




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 2,930.75 3,386.15 3,580.84 3,943.34
Change (%) -25.68% -14.13% -9.19% -
Change -1,012.59 -557.19 -362.50 -
Level Intermediate Major Intermediate -



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
Standard3,894.263,904.733,924.043,934.513,953.823,964.293,983.60
Camarilla3,935.153,937.883,940.613,943.343,946.073,948.803,951.53
Woodie3,898.673,906.943,928.453,936.723,958.233,966.503,988.01
Fibonacci3,904.733,916.113,923.143,934.513,945.893,952.923,964.29


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3,547.533,635.433,738.693,826.593,929.854,017.754,121.01
Camarilla3,789.373,806.893,824.423,841.943,859.463,876.993,894.51
Woodie3,555.203,639.273,746.363,830.433,937.524,021.594,128.68
Fibonacci3,635.433,708.463,753.573,826.593,899.623,944.734,017.75


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3,482.893,604.263,707.703,829.073,932.514,053.884,157.32
Camarilla3,749.333,769.943,790.543,811.153,831.763,852.373,872.97
Woodie3,473.943,599.783,698.753,824.593,923.564,049.404,148.37
Fibonacci3,604.263,690.133,743.193,829.073,914.943,968.004,053.88

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): 62.85
MACD (12,26,9): 138.1900
Directional Movement: 2.67
AROON (14): 78.57
DEMA (21): 3,916.67
Parabolic SAR (0,02-0,02-0,2): 3,945.89
Elder Ray (13): 69.72
Super Trend (3,10): 3,584.66
Zig ZAG (10): 3,898.81
VORTEX (21): 1.1200
Stochastique (14,3,5): 72.74
TEMA (21): 3,935.96
Williams %R (14): -16.28
Chande Momentum Oscillator (20): 189.40
Repulse (5,40,3): 1.6800
ROCnROLL: 1
TRIX (15,9): 0.6100
Courbe Coppock: 14.86
MA7: 3,842.29
MA20: 3,878.37
MA50: 3,832.30
MA100: 3,697.75
MAexp7: 3,851.09
MAexp20: 3,728.19
MAexp50: 3,488.42
MAexp100: 3,261.00
Price / MA7: +2.63%
Price / MA20: +1.68%
Price / MA50: +2.90%
Price / MA100: +6.64%
Price / MAexp7: +2.40%
Price / MAexp20: +5.77%
Price / MAexp50: +13.04%
Price / MAexp100: +20.92%

Quotes : 2021-03-12 00:00:00 - End-of-day data - S&P Base Indices

News


The latest news and videos published on S&P500 INDEX at the time of the analysis were as follows:

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

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