S&P500 INDEX - Daily - Technical analysis published on 06/13/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 4,113.10 USD
My targets
4,440.68 USD (+2.35%)
4,796.56 USD (+10.55%)
My analysis
The bullish trend is currently very strong on S&P500 INDEX. As long as the price remains above the support at 4,113.10 USD, you could try to benefit from the boom. The first bullish objective is located at 4,440.68 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. 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.
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
0
10
8.9
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Additional analysis
Quotes
The S&P500 INDEX rating is 4,338.93 USD. The price registered an increase of +0.93% on the session and was between 4,304.37 USD and 4,340.13 USD. This implies that the price is at +0.80% from its lowest and at -0.03% from its highest.4,304.37
4,340.13
4,338.93
Here is a more detailed summary of the historical variations registered by S&P500 INDEX:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of S&P500 INDEX in Daily shows a strongly overall bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 4,022.19 | 4,113.10 | 4,305.20 | 4,338.93 | 4,796.56 |
Change (%) | -7.30% | -5.20% | -0.78% | - | +10.55% |
Change | -316.74 | -225.83 | -33.73 | - | +457.63 |
Level | Minor | Major | 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 | 4,279.73 | 4,292.05 | 4,315.49 | 4,327.81 | 4,351.25 | 4,363.57 | 4,387.01 |
Camarilla | 4,329.10 | 4,332.37 | 4,335.65 | 4,338.93 | 4,342.21 | 4,345.49 | 4,348.76 |
Woodie | 4,285.29 | 4,294.83 | 4,321.05 | 4,330.59 | 4,356.81 | 4,366.35 | 4,392.57 |
Fibonacci | 4,292.05 | 4,305.71 | 4,314.15 | 4,327.81 | 4,341.47 | 4,349.91 | 4,363.57 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 4,204.20 | 4,232.63 | 4,265.75 | 4,294.18 | 4,327.30 | 4,355.73 | 4,388.85 |
Camarilla | 4,281.93 | 4,287.58 | 4,293.22 | 4,298.86 | 4,304.50 | 4,310.14 | 4,315.79 |
Woodie | 4,206.54 | 4,233.80 | 4,268.09 | 4,295.35 | 4,329.64 | 4,356.90 | 4,391.19 |
Fibonacci | 4,232.63 | 4,256.15 | 4,270.67 | 4,294.18 | 4,317.70 | 4,332.22 | 4,355.73 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3,892.22 | 3,970.25 | 4,075.04 | 4,153.07 | 4,257.86 | 4,335.89 | 4,440.68 |
Camarilla | 4,129.56 | 4,146.31 | 4,163.07 | 4,179.83 | 4,196.59 | 4,213.35 | 4,230.11 |
Woodie | 3,905.60 | 3,976.94 | 4,088.42 | 4,159.76 | 4,271.24 | 4,342.58 | 4,454.06 |
Fibonacci | 3,970.25 | 4,040.09 | 4,083.23 | 4,153.07 | 4,222.91 | 4,266.05 | 4,335.89 |
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): | 69.59 | |
MACD (12,26,9): | 48.7200 | |
Directional Movement: | 24.00 | |
AROON (14): | 85.71 | |
DEMA (21): | 4,287.50 | |
Parabolic SAR (0,02-0,02-0,2): | 4,236.22 | |
Elder Ray (13): | 67.56 | |
Super Trend (3,10): | 4,197.96 | |
Zig ZAG (10): | 4,338.93 | |
VORTEX (21): | 1.1500 | |
Stochastique (14,3,5): | 95.30 | |
TEMA (21): | 4,309.84 | |
Williams %R (14): | -0.51 | |
Chande Momentum Oscillator (20): | 223.69 | |
Repulse (5,40,3): | 1.1100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1300 | |
Courbe Coppock: | 6.10 |
MA7: | 4,291.32 | |
MA20: | 4,212.54 | |
MA50: | 4,157.87 | |
MA100: | 4,087.26 | |
MAexp7: | 4,286.57 | |
MAexp20: | 4,228.17 | |
MAexp50: | 4,160.49 | |
MAexp100: | 4,098.41 | |
Price / MA7: | +1.11% | |
Price / MA20: | +3.00% | |
Price / MA50: | +4.35% | |
Price / MA100: | +6.16% | |
Price / MAexp7: | +1.22% | |
Price / MAexp20: | +2.62% | |
Price / MAexp50: | +4.29% | |
Price / MAexp100: | +5.87% |
Quotes :
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End-of-day data
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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:
- Weekly Technical Analysis: 12/06/2023 - US 500, EURUSD, USDJPY
- XTB Market update on US500 - 21/03/2023
- DXY, SP500 Slide as US Data Comes in Mixed | All Eyes on US Inflation Next Week
- SP 500 and Risk Assets Consolidate as Technicals and Fundamentals Appear at Odds with Each Other
- Inflation Story and Central Bank Repricing See SP500 and Risk Assets Struggle
This member declared not having a position on this financial instrument or a related financial instrument.
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