S&P500 INDEX - Weekly - Technical analysis published on 09/24/2019 (GMT)
- Who voted?
- 424
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 2,930.75 USD
My targets
3,025.86 USD (+1.14%)
My analysis
S&P500 INDEX is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2,930.75 USD. The next resistance located at 3,025.86 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.9
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 emerick. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The S&P500 INDEX price is 2,991.78 USD. The price is lower by -0.46% over the 5 days and has been traded over the last 5 days between 2,982.23 USD and 3,016.37 USD. This implies that the 5 day price is +0.32% from its lowest point and -0.82% from its highest point.2,982.23
2,999.15
2,991.78
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand 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:
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
Technical
A technical analysis in Weekly of this S&P500 INDEX chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 2,083.82 | 2,351.10 | 2,930.75 | 2,991.78 | 3,025.86 |
Change (%) | -30.35% | -21.41% | -2.04% | - | +1.14% |
Change | -907.96 | -640.68 | -61.03 | - | +34.08 |
Level | 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 | 2,947.35 | 2,966.02 | 2,979.04 | 2,997.71 | 3,010.73 | 3,029.40 | 3,042.42 |
Camarilla | 2,983.36 | 2,986.26 | 2,989.17 | 2,992.07 | 2,994.98 | 2,997.88 | 3,000.79 |
Woodie | 2,944.54 | 2,964.61 | 2,976.23 | 2,996.30 | 3,007.92 | 3,027.99 | 3,039.61 |
Fibonacci | 2,966.02 | 2,978.12 | 2,985.60 | 2,997.71 | 3,009.81 | 3,017.29 | 3,029.40 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,905.62 | 2,931.32 | 2,969.35 | 2,995.05 | 3,033.08 | 3,058.78 | 3,096.81 |
Camarilla | 2,989.86 | 2,995.71 | 3,001.55 | 3,007.39 | 3,013.23 | 3,019.07 | 3,024.92 |
Woodie | 2,911.80 | 2,934.40 | 2,975.53 | 2,998.13 | 3,039.26 | 3,061.86 | 3,102.99 |
Fibonacci | 2,931.32 | 2,955.66 | 2,970.70 | 2,995.05 | 3,019.39 | 3,034.43 | 3,058.78 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2,636.39 | 2,729.25 | 2,827.86 | 2,920.72 | 3,019.33 | 3,112.19 | 3,210.80 |
Camarilla | 2,873.81 | 2,891.36 | 2,908.91 | 2,926.46 | 2,944.01 | 2,961.56 | 2,979.11 |
Woodie | 2,639.26 | 2,730.69 | 2,830.73 | 2,922.16 | 3,022.20 | 3,113.63 | 3,213.67 |
Fibonacci | 2,729.25 | 2,802.40 | 2,847.58 | 2,920.72 | 2,993.87 | 3,039.05 | 3,112.19 |
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): | 57.84 | |
MACD (12,26,9): | 39.7500 | |
Directional Movement: | 3.70 | |
AROON (14): | -14.28 | |
DEMA (21): | 2,978.88 | |
Parabolic SAR (0,02-0,02-0,2): | 2,826.09 | |
Elder Ray (13): | 56.05 | |
Super Trend (3,10): | 2,805.61 | |
Zig ZAG (10): | 2,992.07 | |
VORTEX (21): | 1.0300 | |
Stochastique (14,3,5): | 85.36 | |
TEMA (21): | 2,983.37 | |
Williams %R (14): | -17.44 | |
Chande Momentum Oscillator (20): | 50.31 | |
Repulse (5,40,3): | 2.0200 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.2200 | |
Courbe Coppock: | 4.78 |
MA7: | 3,001.20 | |
MA20: | 2,963.10 | |
MA50: | 2,950.96 | |
MA100: | 2,921.17 | |
MAexp7: | 2,961.07 | |
MAexp20: | 2,924.13 | |
MAexp50: | 2,851.18 | |
MAexp100: | 2,747.44 | |
Price / MA7: | -0.31% | |
Price / MA20: | +0.97% | |
Price / MA50: | +1.38% | |
Price / MA100: | +2.42% | |
Price / MAexp7: | +1.04% | |
Price / MAexp20: | +2.31% | |
Price / MAexp50: | +4.93% | |
Price / MAexp100: | +8.89% |
News
The last news published on S&P500 INDEX at the time of the generation of this analysis was as follows:
- Futures slide to start week, Asia mixed, SP500 in focus
- Futures positive, Asia on the rise, SP500 in focus
- SP 500 and NASDAQ 100 Forecast August 23, 2019
- Futures positive, Asia mixed, SP500 in focus
- Futures slide, Asia mixed, SP500 in focus
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis S&P500 INDEX - Weekly