S&P 200 (AXJO.NDX)

Close: 7 558.10 (+46.50), Feb 3, 2023
Hold

Automatic technical analysis. Medium term, Feb 3, 2023

S&P 200 has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The index has given a positive signal from the double bottom formation by a break up through the resistance at 7128. Further rise to 7806 or more is signaled. The index is testing resistance at points 7600. This could give a negative reaction, but an upward breakthrough of points 7600 means a positive signal. 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 RSI curve shows a rising trend, which could be an early signal of the start of a rising trend for the price as well. The index is overall assessed as technically neutral for the medium long term.

Recommendation one to six months: Hold

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-0.68%0.98+0.62%
5 days35.922.23%0.20+0.86%
22 days10.945.89%0.19+8.81%
66 days17.3610.64%0.06+10.42%

More analyses of S&P 200

chart S&P 200 (AXJO) Candlesticks 22 Days
Candlesticks
chart S&P 200 (AXJO) Short term
Short term: Positive
chart S&P 200 (AXJO) Medium term
Medium term: Hold
chart S&P 200 (AXJO) 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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