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 03/15/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

39%

My opinion

Bullish above 5,079.78 USD

My targets

5,277.82 USD (+2.47%)

5,444.59 USD (+5.71%)

My analysis

The bullish trend is currently very strong on S&P500 INDEX. As long as the price remains above the support at 5,079.78 USD, you could try to benefit from the boom. The first bullish objective is located at 5,277.82 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5,444.59 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.7

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

Additional analysis

Quotes

The S&P500 INDEX rating is 5,150.48 USD. On the day, this instrument lost -0.29% with the lowest point at 5,123.30 USD and the highest point at 5,176.85 USD. The deviation from the price is +0.53% for the low point and -0.51% for the high point.

5,123.30

5,176.85

5,150.48

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

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 for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of S&P500 INDEX in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

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
ProTrendLines	4,589.59	4,796.56	5,079.78	5,150.48
Change (%)	-10.89%	-6.87%	-1.37%	-
Change	-560.89	-353.92	-70.70	-
Level	Intermediate	Major	Intermediate	-

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5,070.02	5,096.66	5,123.57	5,150.21	5,177.12	5,203.76	5,230.67
Camarilla	5,135.75	5,140.66	5,145.57	5,150.48	5,155.39	5,160.30	5,165.21
Woodie	5,070.16	5,096.73	5,123.71	5,150.28	5,177.26	5,203.83	5,230.81
Fibonacci	5,096.66	5,117.12	5,129.75	5,150.21	5,170.67	5,183.30	5,203.76

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,924.81	4,990.82	5,057.25	5,123.26	5,189.69	5,255.70	5,322.13
Camarilla	5,087.27	5,099.41	5,111.55	5,123.69	5,135.83	5,147.97	5,160.11
Woodie	4,925.03	4,990.93	5,057.47	5,123.37	5,189.91	5,255.81	5,322.35
Fibonacci	4,990.82	5,041.41	5,072.67	5,123.26	5,173.85	5,205.11	5,255.70

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,671.97	4,762.74	4,929.51	5,020.28	5,187.05	5,277.82	5,444.59
Camarilla	5,025.45	5,049.05	5,072.66	5,096.27	5,119.88	5,143.49	5,167.09
Woodie	4,709.96	4,781.74	4,967.50	5,039.28	5,225.04	5,296.82	5,482.58
Fibonacci	4,762.74	4,861.12	4,921.90	5,020.28	5,118.66	5,179.44	5,277.82

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):	62.28
MACD (12,26,9):	57.6900
Directional Movement:	13.45
AROON (14):	21.43
DEMA (21):	5,170.11
Parabolic SAR (0,02-0,02-0,2):	5,090.66
Elder Ray (13):	30.94
Super Trend (3,10):	5,025.58
Zig ZAG (10):	5,150.48
VORTEX (21):	1.1200
Stochastique (14,3,5):	81.11
TEMA (21):	5,167.18
Williams %R (14):	-29.28
Chande Momentum Oscillator (20):	72.30
Repulse (5,40,3):	0.0700
ROCnROLL:	1
TRIX (15,9):	0.1700
Courbe Coppock:	4.03

MA7:	5,142.12
MA20:	5,091.18
MA50:	4,954.64
MA100:	4,733.28
MAexp7:	5,141.66
MAexp20:	5,090.61
MAexp50:	4,966.60
MAexp100:	4,804.16
Price / MA7:	+0.16%
Price / MA20:	+1.16%
Price / MA50:	+3.95%
Price / MA100:	+8.81%
Price / MAexp7:	+0.17%
Price / MAexp20:	+1.18%
Price / MAexp50:	+3.70%
Price / MAexp100:	+7.21%

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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