Investtech.com
 S&P 500 (SP500.NDX) Close: 2 398.42 (+4.40), May 23, 2017

Chart Technical Analysis S&P 500 (SP500)

rsi chart
 Weak Positive Candidate (Score: 32)
-Overall analysis, May 23, 2017
Analysis Explanation
S&P 500 is technically neutral for the short and medium term, but positive for the long term.

 Neutral (Score: 9)
-Short term
S&P 500 is within a rising trend and continued advance within the current trend is indicated. On reactions back, there is support against the floor of the trend channel. The index is testing the resistance at points 2400. This should give a negative reaction, but an upward breakthough of points 2400 means a positive signal. The RSI curve shows a falling trend, which is an early signal for a possible trend break down. The index is overall assessed as technically neutral for the short term.

 Neutral (Score: -14)
-Medium term
S&P 500 shows a strong development within a rising trend channel. A further positive development is indicated, and there is support against the floor of the trend channel. The index is testing the resistance at points 2400, which may give a negative reaction. The index is assessed as technically neutral for the medium long term.

 Positive Candidate (Score: 65)
-Long term
S&P 500 shows a strong development within a rising trend channel. A further positive development is indicated, and there is support against the floor of the trend channel. 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 2100. The index is overall assessed as technically positive for the long term.

1 day-0.54%0.00+0.18%
5 days0.001.71%0.00-0.09%
22 days0.004.34%0.00+2.12%
66 days0.008.91%0.00+2.18%

 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here www.investtech.com/disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

Titlex

OK