S&P 500 (SP500.US500)

Close: 3 329.62 (+12.81), Jan 17, 2020
Automatic technical analysis
Medium term
Recommendation one to six months
Positive

Low risk

Liquidity risk: Not applicableVolatility risk: Low

Indicators 

Rising trend breaking upwards

Trend floor at 3232.57 (-2.9%).
Trend ceiling at 3312.45 (-0.5%).
Annualized rate of increase 42%.

Neutral volume balance

VolBal22: 0

Strong positive momentum

RSI21: 75

Analyses


Short

Medium

Long

Overall

Automatic technical analysis. Medium term, Jan 17, 2020

S&P 500 has broken the rising trend up in the medium long term. This signals an even stronger rate of growth, but the positive development may result in corrections down in the short term. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 3000 points. RSI above 70 shows that the index has strong positive momentum in the short term. Investors have steadily paid more to buy the index, which indicates increasing optimism and that the price will continue to rise. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The index is overall assessed as technically positive for the medium long term.

Recommendation one to six months: Positive (Score: 91)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-0.62%0.00+0.39%
5 days0.002.12%0.00+1.97%
22 days0.005.78%0.00+4.33%
66 days0.0011.92%0.00+12.25%

More analyses of S&P 500

chart S&P 500 (SP500) Candlesticks 22 Days
Candlesticks
chart S&P 500 (SP500) Short term
Short term: Positive
chart S&P 500 (SP500) Medium term
Medium term: Positive
chart S&P 500 (SP500) Long term
Long term: Positive




 


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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 disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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