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 11/22/2021 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 4,536.95 USD

My targets

4,826.61 USD (+2.74%)

5,045.13 USD (+7.39%)

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 4,536.95 USD. The next resistance located at 4,826.61 USD is the next bullish objective 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 5,045.13 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

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 Edd8011. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

S&P500 INDEX rating 4,697.96 USD. The price registered an increase of +0.32% over 5 days and was traded between 4,672.78 USD and 4,717.75 USD over the period. The price is currently at +0.54% from its lowest point and -0.42% from its highest point.

4,672.78

4,717.75

4,697.96

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.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 S&P500 INDEX in Weekly shows a strongly overall 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, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Weekly

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	2,933.77	3,386.15	4,536.95	4,697.96
Change (%)	-37.55%	-27.92%	-3.43%	-
Change	-1,764.19	-1,311.81	-161.01	-
Level	Intermediate	Major	Major	-

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,665.34	4,679.78	4,688.87	4,703.31	4,712.40	4,726.84	4,735.93
Camarilla	4,691.49	4,693.65	4,695.80	4,697.96	4,700.12	4,702.27	4,704.43
Woodie	4,662.67	4,678.44	4,686.20	4,701.97	4,709.73	4,725.50	4,733.26
Fibonacci	4,679.78	4,688.77	4,694.32	4,703.31	4,712.30	4,717.85	4,726.84

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,553.44	4,592.15	4,637.50	4,676.21	4,721.56	4,760.27	4,805.62
Camarilla	4,659.73	4,667.44	4,675.15	4,682.85	4,690.56	4,698.26	4,705.97
Woodie	4,556.76	4,593.81	4,640.82	4,677.87	4,724.88	4,761.93	4,808.94
Fibonacci	4,592.15	4,624.26	4,644.10	4,676.21	4,708.32	4,728.16	4,760.27

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,057.71	4,168.33	4,386.85	4,497.47	4,715.99	4,826.61	5,045.13
Camarilla	4,514.87	4,545.04	4,575.21	4,605.38	4,635.55	4,665.72	4,695.89
Woodie	4,111.67	4,195.31	4,440.81	4,524.45	4,769.95	4,853.59	5,099.09
Fibonacci	4,168.33	4,294.06	4,371.74	4,497.47	4,623.20	4,700.88	4,826.61

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):	71.88
MACD (12,26,9):	133.7500
Directional Movement:	10.64
AROON (14):	28.57
DEMA (21):	4,657.74
Parabolic SAR (0,02-0,02-0,2):	4,346.50
Elder Ray (13):	149.68
Super Trend (3,10):	4,401.02
Zig ZAG (10):	4,704.54
VORTEX (21):	1.2400
Stochastique (14,3,5):	94.65
TEMA (21):	4,652.50
Williams %R (14):	-3.18
Chande Momentum Oscillator (20):	195.17
Repulse (5,40,3):	3.1200
ROCnROLL:	1
TRIX (15,9):	0.4200
Courbe Coppock:	7.75

MA7:	4,679.39
MA20:	4,643.24
MA50:	4,506.65
MA100:	4,463.84
MAexp7:	4,611.74
MAexp20:	4,477.59
MAexp50:	4,195.55
MAexp100:	3,836.48
Price / MA7:	+0.40%
Price / MA20:	+1.18%
Price / MA50:	+4.25%
Price / MA100:	+5.24%
Price / MAexp7:	+1.87%
Price / MAexp20:	+4.92%
Price / MAexp50:	+11.97%
Price / MAexp100:	+22.45%

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

News

Don't forget to follow the news on S&P500 INDEX. At the time of publication of this analysis, the latest news was as follows:

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

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