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 05/25/2023 (GMT)

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

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
22%
22%
56%
My opinion
Bullish above 4,053.47 USD
My targets
4,179.76 USD (+1.57%)
4,305.20 USD (+4.62%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 4,053.47 USD remains possible. It is advisable to trade S&P500 INDEX with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 4,053.47 USD. The next bullish objective for buyers is set at 4,179.76 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4,305.20 USD. If there is any crossing, the next objective would be the resistance located at 4,796.56 USD. PS: if there is a bearish break in the support located at 4,053.47 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.2

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

Additional analysis

Quotes

S&P500 INDEX rating 4,115.24 USD. The price registered a decrease of -0.73% on the session and was traded between 4,103.98 USD and 4,132.96 USD over the period. The price is currently at +0.27% from its lowest and -0.43% from its highest.

4,103.98
4,132.96
4,115.24

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by S&P500 INDEX:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of S&P500 INDEX indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily



On the 18 technical indicators analysed, 4 are bullish, 10 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : Daily


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily


Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily


Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily



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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Downside gap

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 3,783.22 3,855.76 4,053.47 4,115.24 4,124.51 4,179.76 4,305.20
Change (%) -8.07% -6.31% -1.50% - +0.23% +1.57% +4.62%
Change -332.02 -259.48 -61.77 - +9.27 +64.52 +189.96
Level Minor Minor 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
Standard4,072.854,088.414,101.834,117.394,130.814,146.374,159.79
Camarilla4,107.274,109.934,112.584,115.244,117.904,120.554,123.21
Woodie4,071.774,087.884,100.754,116.864,129.734,145.844,158.71
Fibonacci4,088.414,099.484,106.324,117.394,128.464,135.304,146.37


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4,027.214,068.534,130.264,171.584,233.314,274.634,336.36
Camarilla4,163.644,173.094,182.534,191.984,201.434,210.874,220.32
Woodie4,037.414,073.634,140.464,176.684,243.514,279.734,346.56
Fibonacci4,068.534,107.904,132.224,171.584,210.954,235.274,274.63


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3,968.494,008.924,089.204,129.634,209.914,250.344,330.62
Camarilla4,136.294,147.354,158.424,169.484,180.554,191.614,202.68
Woodie3,988.424,018.884,109.134,139.594,229.844,260.304,350.55
Fibonacci4,008.924,055.034,083.524,129.634,175.744,204.234,250.34

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): 47.85
MACD (12,26,9): 16.3900
Directional Movement: 0.50
AROON (14): 78.57
DEMA (21): 4,161.68
Parabolic SAR (0,02-0,02-0,2): 4,083.14
Elder Ray (13): -27.64
Super Trend (3,10): 4,071.25
Zig ZAG (10): 4,115.24
VORTEX (21): 0.9700
Stochastique (14,3,5): 56.86
TEMA (21): 4,158.19
Williams %R (14): -76.20
Chande Momentum Oscillator (20): -22.88
Repulse (5,40,3): -0.8500
ROCnROLL: -1
TRIX (15,9): 0.0600
Courbe Coppock: 1.96
MA7: 4,158.88
MA20: 4,138.93
MA50: 4,089.97
MA100: 4,046.26
MAexp7: 4,150.52
MAexp20: 4,138.26
MAexp50: 4,101.02
MAexp100: 4,055.62
Price / MA7: -1.05%
Price / MA20: -0.57%
Price / MA50: +0.62%
Price / MA100: +1.70%
Price / MAexp7: -0.85%
Price / MAexp20: -0.56%
Price / MAexp50: +0.35%
Price / MAexp100: +1.47%

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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