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 05/25/2023 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

56%

17%

28%

My opinion

Bullish above 3,968.49 USD

My targets

4,305.20 USD (+4.62%)

4,796.56 USD (+16.56%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on S&P500 INDEX. This is a positive signal for buyers. As long as the price remains above 3,968.49 USD, a purchase could be considered. The first bullish objective is located at 4,305.20 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4,796.56 USD as an objective. In the event of a return below 3,968.49 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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

5.2

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

Additional analysis

Quotes

The S&P500 INDEX rating is 4,115.24 USD. The price is lower by -1.97% over the 5 days and was traded between 4,103.98 USD and 4,209.22 USD over the period. The price is currently at +0.27% from its lowest point and -2.23% from its highest point.

4,103.98

4,209.22

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.

Opening Gap DOWN

Type : Bearish

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:

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 S&P500 INDEX in Weekly shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Weekly

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Weekly

In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

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	R1	R2
ProTrendLines	2,237.40	3,009.57	3,577.03	4,115.24	4,305.20	4,796.56
Change (%)	-45.63%	-26.87%	-13.08%	-	+4.62%	+16.56%
Change	-1,877.84	-1,105.67	-538.21	-	+189.96	+681.32
Level	Major	Minor	Major	-	Major	Major

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
Standard	4,072.85	4,088.41	4,101.83	4,117.39	4,130.81	4,146.37	4,159.79
Camarilla	4,107.27	4,109.93	4,112.58	4,115.24	4,117.90	4,120.55	4,123.21
Woodie	4,071.77	4,087.88	4,100.75	4,116.86	4,129.73	4,145.84	4,158.71
Fibonacci	4,088.41	4,099.48	4,106.32	4,117.39	4,128.46	4,135.30	4,146.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,027.21	4,068.53	4,130.26	4,171.58	4,233.31	4,274.63	4,336.36
Camarilla	4,163.64	4,173.09	4,182.53	4,191.98	4,201.43	4,210.87	4,220.32
Woodie	4,037.41	4,073.63	4,140.46	4,176.68	4,243.51	4,279.73	4,346.56
Fibonacci	4,068.53	4,107.90	4,132.22	4,171.58	4,210.95	4,235.27	4,274.63

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,968.49	4,008.92	4,089.20	4,129.63	4,209.91	4,250.34	4,330.62
Camarilla	4,136.29	4,147.35	4,158.42	4,169.48	4,180.55	4,191.61	4,202.68
Woodie	3,988.42	4,018.88	4,109.13	4,139.59	4,229.84	4,260.30	4,350.55
Fibonacci	4,008.92	4,055.03	4,083.52	4,129.63	4,175.74	4,204.23	4,250.34

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):	53.69
MACD (12,26,9):	48.0300
Directional Movement:	4.30
AROON (14):	64.29
DEMA (21):	4,125.02
Parabolic SAR (0,02-0,02-0,2):	3,967.92
Elder Ray (13):	58.96
Super Trend (3,10):	4,197.39
Zig ZAG (10):	4,115.24
VORTEX (21):	1.1100
Stochastique (14,3,5):	84.68
TEMA (21):	4,176.56
Williams %R (14):	-24.17
Chande Momentum Oscillator (20):	69.60
Repulse (5,40,3):	-0.5500
ROCnROLL:	1
TRIX (15,9):	0.1500
Courbe Coppock:	5.88

MA7:	4,158.88
MA20:	4,138.93
MA50:	4,089.97
MA100:	4,046.26
MAexp7:	4,128.06
MAexp20:	4,069.20
MAexp50:	4,049.36
MAexp100:	4,018.95
Price / MA7:	-1.05%
Price / MA20:	-0.57%
Price / MA50:	+0.62%
Price / MA100:	+1.70%
Price / MAexp7:	-0.31%
Price / MAexp20:	+1.13%
Price / MAexp50:	+1.63%
Price / MAexp100:	+2.40%

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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