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 12/11/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

44%

11%

44%

My opinion

Bullish above 3,093.20 USD

My targets

3,179.92 USD (+1.51%)

3,218.86 USD (+2.76%)

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 3,093.20 USD. The next resistance located at 3,179.92 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3,218.86 USD. After this resistance, buyers could then target 3,283.46 USD. 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

7.1

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

Additional analysis

Quotes

The S&P500 INDEX rating is 3,132.52 USD. The price registered a decrease of -0.11% on the session and was traded between 3,126.09 USD and 3,142.12 USD over the period. The price is currently at +0.21% from its lowest and -0.31% from its highest.

3,126.09

3,142.12

3,132.52

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

Bearish opening

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 Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

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. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	2,930.75	3,009.26	3,093.20	3,132.52	3,153.63
Change (%)	-6.44%	-3.93%	-1.26%	-	+0.67%
Change	-201.77	-123.26	-39.32	-	+21.11
Level	Major	Intermediate	Intermediate	-	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,120.84	3,127.73	3,136.82	3,143.71	3,152.80	3,159.69	3,168.78
Camarilla	3,141.52	3,142.98	3,144.45	3,145.91	3,147.38	3,148.84	3,150.30
Woodie	3,121.94	3,128.28	3,137.92	3,144.26	3,153.90	3,160.24	3,169.88
Fibonacci	3,127.73	3,133.83	3,137.61	3,143.71	3,149.81	3,153.59	3,159.69

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,084.04	3,100.74	3,120.86	3,137.56	3,157.68	3,174.38	3,194.50
Camarilla	3,130.85	3,134.23	3,137.61	3,140.98	3,144.36	3,147.73	3,151.11
Woodie	3,085.75	3,101.60	3,122.57	3,138.42	3,159.39	3,175.24	3,196.21
Fibonacci	3,100.74	3,114.81	3,123.50	3,137.56	3,151.63	3,160.32	3,174.38

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,972.84	3,011.78	3,076.38	3,115.32	3,179.92	3,218.86	3,283.46
Camarilla	3,112.51	3,122.00	3,131.49	3,140.98	3,150.47	3,159.96	3,169.45
Woodie	2,985.67	3,018.20	3,089.21	3,121.74	3,192.75	3,225.28	3,296.29
Fibonacci	3,011.78	3,051.33	3,075.77	3,115.32	3,154.87	3,179.31	3,218.86

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	60.58
MACD (12,26,9):	21.5700
Directional Movement:	11.33
AROON (14):	-21.43
DEMA (21):	3,142.30
Parabolic SAR (0,02-0,02-0,2):	3,071.94
Elder Ray (13):	20.96
Super Trend (3,10):	3,148.03
Zig ZAG (10):	3,135.96
VORTEX (21):	1.0300
Stochastique (14,3,5):	74.79
TEMA (21):	3,138.37
Williams %R (14):	-21.80
Chande Momentum Oscillator (20):	27.50
Repulse (5,40,3):	0.0200
ROCnROLL:	1
TRIX (15,9):	0.1200
Courbe Coppock:	1.42

MA7:	3,122.87
MA20:	3,117.12
MA50:	3,045.61
MA100:	2,997.22
MAexp7:	3,127.34
MAexp20:	3,110.89
MAexp50:	3,064.63
MAexp100:	3,012.84
Price / MA7:	+0.31%
Price / MA20:	+0.49%
Price / MA50:	+2.85%
Price / MA100:	+4.51%
Price / MAexp7:	+0.17%
Price / MAexp20:	+0.70%
Price / MAexp50:	+2.22%
Price / MAexp100:	+3.97%

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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