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 - Daily - Technical analysis published on 05/18/2022 (GMT)

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

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 4,170.23 USD
My targets
3,934.83 USD (-3.77%)
3,814.05 USD (-6.72%)
My analysis
S&P500 INDEX is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4,170.23 USD. The next support located at 3,934.83 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 3,814.05 USD. Below this support, sellers could then target 3,386.15 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.9

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

Additional analysis

Quotes

The S&P500 INDEX price is 4,088.85 USD. The price has increased by +2.02% since the last closing and was between 4,033.93 USD and 4,090.72 USD. This implies that the price is at +1.36% from its lowest and at -0.05% from its highest.

4,033.93
4,090.72
4,088.85

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



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of S&P500 INDEX indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish 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.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily



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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,935.78 3,386.15 3,934.83 4,088.85 4,170.23 4,300.36 4,528.98
Change (%) -28.20% -17.19% -3.77% - +1.99% +5.17% +10.76%
Change -1,153.07 -702.70 -154.02 - +81.38 +211.51 +440.13
Level Intermediate Major Minor - Major 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
Standard3,994.824,014.384,051.614,071.174,108.404,127.964,165.19
Camarilla4,073.234,078.444,083.644,088.854,094.064,099.264,104.47
Woodie4,003.674,018.804,060.464,075.594,117.254,132.384,174.04
Fibonacci4,014.384,036.074,049.474,071.174,092.864,106.264,127.96


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3,672.353,765.613,894.753,988.014,117.154,210.414,339.55
Camarilla3,962.733,983.124,003.504,023.894,044.284,064.664,085.05
Woodie3,690.293,774.583,912.693,996.984,135.094,219.384,357.49
Fibonacci3,765.613,850.573,903.053,988.014,072.974,125.454,210.41


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3,503.823,814.053,972.994,283.224,442.164,752.394,911.33
Camarilla4,002.914,045.924,088.924,131.934,174.944,217.954,260.95
Woodie3,428.183,776.233,897.354,245.404,366.524,714.574,835.69
Fibonacci3,814.053,993.274,104.004,283.224,462.444,573.174,752.39

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): 43.96
MACD (12,26,9): -102.0500
Directional Movement: -8.61
AROON (14): -71.43
DEMA (21): 4,009.93
Parabolic SAR (0,02-0,02-0,2): 4,138.60
Elder Ray (13): -22.65
Super Trend (3,10): 4,243.87
Zig ZAG (10): 4,088.85
VORTEX (21): 0.7800
Stochastique (14,3,5): 40.34
TEMA (21): 3,959.67
Williams %R (14): -48.85
Chande Momentum Oscillator (20): -43.08
Repulse (5,40,3): 1.4100
ROCnROLL: -1
TRIX (15,9): -0.3300
Courbe Coppock: 11.28
MA7: 3,996.90
MA20: 4,153.96
MA50: 4,322.37
MA100: 4,421.06
MAexp7: 4,039.62
MAexp20: 4,140.27
MAexp50: 4,274.44
MAexp100: 4,363.49
Price / MA7: +2.30%
Price / MA20: -1.57%
Price / MA50: -5.40%
Price / MA100: -7.51%
Price / MAexp7: +1.22%
Price / MAexp20: -1.24%
Price / MAexp50: -4.34%
Price / MAexp100: -6.29%

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

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

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