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 11/05/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

50%

22%

28%

My opinion

Bullish above 4,305.20 USD

My targets

4,516.30 USD (+3.62%)

4,588.96 USD (+5.29%)

My analysis

The strong short-term increase in S&P500 INDEX calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 4,305.20 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 4,516.30 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4,588.96 USD as an objective. Crossing it would then enable buyers to target 4,796.56 USD. Caution, a return under 4,305.20 USD could jeopardize the reversal.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

1.6

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 berlin77. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The S&P500 INDEX price is 4,358.34 USD. The price has increased by +0.94% since the last closing and was between 4,334.23 USD and 4,373.62 USD. This implies that the price is at +0.56% from its lowest and at -0.35% from its highest.

4,334.23

4,373.62

4,358.34

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.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this S&P500 INDEX chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 9 are bullish, 5 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

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

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	4,052.20	4,229.45	4,305.20	4,358.34	4,374.67	4,516.30	4,588.96
Change (%)	-7.02%	-2.96%	-1.22%	-	+0.37%	+3.62%	+5.29%
Change	-306.14	-128.89	-53.14	-	+16.33	+157.96	+230.62
Level	Intermediate	Major	Intermediate	-	Major	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,297.78	4,316.01	4,337.17	4,355.40	4,376.56	4,394.79	4,415.95
Camarilla	4,347.51	4,351.12	4,354.73	4,358.34	4,361.95	4,365.56	4,369.17
Woodie	4,299.26	4,316.74	4,338.65	4,356.13	4,378.04	4,395.52	4,417.43
Fibonacci	4,316.01	4,331.05	4,340.35	4,355.40	4,370.44	4,379.74	4,394.79

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,962.30	4,047.62	4,202.98	4,288.30	4,443.66	4,528.98	4,684.34
Camarilla	4,292.15	4,314.22	4,336.28	4,358.34	4,380.40	4,402.47	4,424.53
Woodie	3,997.32	4,065.13	4,238.00	4,305.81	4,478.68	4,546.49	4,719.36
Fibonacci	4,047.62	4,139.56	4,196.36	4,288.30	4,380.24	4,437.04	4,528.98

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,777.41	3,940.59	4,067.20	4,230.38	4,356.99	4,520.17	4,646.78
Camarilla	4,114.11	4,140.67	4,167.24	4,193.80	4,220.36	4,246.93	4,273.49
Woodie	3,759.12	3,931.45	4,048.91	4,221.24	4,338.70	4,511.03	4,628.49
Fibonacci	3,940.59	4,051.29	4,119.68	4,230.38	4,341.08	4,409.47	4,520.17

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):	54.51
MACD (12,26,9):	-36.6000
Directional Movement:	-0.09
AROON (14):	-57.14
DEMA (21):	4,205.53
Parabolic SAR (0,02-0,02-0,2):	4,103.78
Elder Ray (13):	55.87
Super Trend (3,10):	4,119.43
Zig ZAG (10):	4,317.78
VORTEX (21):	0.9600
Stochastique (14,3,5):	50.39
TEMA (21):	4,201.62
Williams %R (14):	-26.15
Chande Momentum Oscillator (20):	-55.42
Repulse (5,40,3):	2.3700
ROCnROLL:	-1
TRIX (15,9):	-0.1400
Courbe Coppock:	5.85

MA7:	4,193.95
MA20:	4,272.13
MA50:	4,348.00
MA100:	4,403.38
MAexp7:	4,230.86
MAexp20:	4,256.61
MAexp50:	4,316.87
MAexp100:	4,324.95
Price / MA7:	+3.92%
Price / MA20:	+2.02%
Price / MA50:	+0.24%
Price / MA100:	-1.02%
Price / MAexp7:	+3.01%
Price / MAexp20:	+2.39%
Price / MAexp50:	+0.96%
Price / MAexp100:	+0.77%

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

News

The last news published on S&P500 INDEX at the time of the generation of this analysis was as follows:

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

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