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 S&P 500 (SP500.NDX) Close: 2 575.21 (+13.11), Oct 20, 2017

Chart Technical Analysis S&P 500 (SP500)

rsi chart
 Positive Candidate (Score: 67)
-Overall analysis, Oct 20, 2017
Analysis Explanation
S&P 500 is technically positive for the short, medium, as well as the long term.

 Weak Positive Candidate (Score: 47)
-Short term
S&P 500 is within a rising trend, which indicates a continued growth. The index has support at points 2478. RSI is overbought. This shows that the momentum of The index is strong and that the price may well rise further in the short term. We should see a decline in the RSI chart before this is considered to weaken the index. The index is overall assessed as technically slightly positive for the short term.

 Weak Positive Candidate (Score: 34)
-Medium term
S&P 500 is in a rising trend and a continued rise within this trend may be expected. However, the price is now close to the ceiling of the trend channel, which may give a reaction down. The index has support at points 2400. RSI is overbought. This shows that the momentum of The index is strong and that the price may well rise further in the short term. We should see a decline in the RSI chart before this is seen as a negative signal. The index is overall assessed as technically slightly positive for the medium long term.

 Positive Candidate (Score: 61)
-Long term
S&P 500 is within a rising trend. Continued positive development within the trend channel is indicated. Has risen strongly since the positive signal from a rectangle formation at the break through the resistance at 2084. The objective at 2362 is now met, but the formation still gives a signal in the same direction. The index has support at points 2380. The index is overall assessed as technically positive for the long term.

1 day-0.39%0.00+0.51%
5 days0.001.24%0.00+0.86%
22 days0.003.24%0.00+2.67%
66 days0.006.56%0.00+4.10%

 


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