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S&P500 INDEX
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 01/16/2020 (GMT)

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Londinia
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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
72%
6%
22%
My opinion
Bullish above 3,153.63 USD
My targets
3,360.61 USD (+2.17%)
3,473.30 USD (+5.59%)
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 3,153.63 USD. The next resistance located at 3,360.61 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 3,473.30 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
0
10
8.2

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Weekly

Additional analysis

Quotes

The S&P500 INDEX rating is 3,289.29 USD. The price has increased by +0.19% since the last closing and was traded between 3,280.69 USD and 3,298.66 USD over the period. The price is currently at +0.26% from its lowest and -0.28% from its highest.

3,280.69
3,298.66
3,289.29

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of S&P500 INDEX indicates that the overall trend is strongly bullish. 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 market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 3,009.26 3,153.63 3,257.85 3,289.29
Change (%) -8.51% -4.12% -0.96% -
Change -280.03 -135.66 -31.44 -
Level Intermediate Major Minor -



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
Standard3,255.303,261.863,275.003,281.563,294.703,301.263,314.40
Camarilla3,282.713,284.523,286.323,288.133,289.943,291.743,293.55
Woodie3,258.583,263.513,278.283,283.213,297.983,302.913,317.68
Fibonacci3,261.863,269.393,274.043,281.563,289.093,293.743,301.26


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3,165.763,188.903,211.873,235.013,257.983,281.123,304.09
Camarilla3,222.173,226.403,230.623,234.853,239.083,243.303,247.53
Woodie3,165.693,188.863,211.803,234.973,257.913,281.083,304.02
Fibonacci3,188.903,206.513,217.393,235.013,252.623,263.503,281.12


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,940.503,005.413,118.103,183.013,295.703,360.613,473.30
Camarilla3,181.943,198.223,214.503,230.783,247.063,263.343,279.62
Woodie2,964.383,017.363,141.983,194.963,319.583,372.563,497.18
Fibonacci3,005.413,073.263,115.173,183.013,250.863,292.773,360.61

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): 69.58
MACD (12,26,9): 34.9500
Directional Movement: 22.32
AROON (14): 64.29
DEMA (21): 3,280.39
Parabolic SAR (0,02-0,02-0,2): 3,227.27
Elder Ray (13): 34.41
Super Trend (3,10): 3,221.43
Zig ZAG (10): 3,283.15
VORTEX (21): 1.1800
Stochastique (14,3,5): 87.21
TEMA (21): 3,283.99
Williams %R (14): -13.50
Chande Momentum Oscillator (20): 43.24
Repulse (5,40,3): 0.3900
ROCnROLL: 1
TRIX (15,9): 0.1600
Courbe Coppock: 3.48
MA7: 3,263.98
MA20: 3,236.08
MA50: 3,163.01
MA100: 3,065.37
MAexp7: 3,267.20
MAexp20: 3,233.53
MAexp50: 3,168.26
MAexp100: 3,094.42
Price / MA7: +0.78%
Price / MA20: +1.64%
Price / MA50: +3.99%
Price / MA100: +7.30%
Price / MAexp7: +0.68%
Price / MAexp20: +1.72%
Price / MAexp50: +3.82%
Price / MAexp100: +6.30%

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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Londinia
Londinia AI

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