S&P 500 (SP500.US500)

Close: 5 010.60 (+43.37), Apr 22, 2024
Weak Positive

Low risk

chart S&P 500 (SP500) Candlesticks 22 Days
Candlesticks
chart S&P 500 (SP500) Short term
Short term: Hold
chart S&P 500 (SP500) Medium term
Medium term: Weak Positive
chart S&P 500 (SP500) Long term
Long term: Positive
chart S&P 500 (SP500)
RSI - Relative Strength Index

Short term

S&P 500 has broken the rising trend channel in the short term and reacted strongly down. For the time being, it is difficult to say anything about the future trend direction. The index has support at points 4780 and resistance at points 5070. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The index is overall assessed as technically neutral for the short term.

Recommendation one to six weeks: Hold (Score: 0)

Medium term

S&P 500 has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index has support at points 4600 and resistance at points 5250. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The index is overall assessed as technically slightly positive for the medium long term.

Recommendation one to six months: Weak Positive (Score: 29)

Long term

S&P 500 is in a rising trend channel in the long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The index is approaching support at 4800 points, which may give a positive reaction. However, a break downwards through 4800 points will be a negative signal. The index is assessed as technically positive for the long term.

Recommendation one to six quarters: Positive (Score: 65)


Overall analysis

S&P 500 is technically neutral for the short term, but positive for the medium and long term.

Recommendation one to six months: Weak Positive (Score: 50)

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.73%0.00+0.87%
5 days0.002.35%0.00-1.01%
22 days0.005.83%0.00-4.10%
66 days0.0011.56%0.00+5.73%
 


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.


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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