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Uptrend ExhaustionArchive
- 1/10/2025 -
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S&P 500 (^GSPC) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the S&P 500 (^GSPC). During the week, the ^GSPC dropped -115.43 points, or -1.94%, and closed at 5827.04 on Friday, January 10, 2025. Weekly volume was 18% above average.
 Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 4103.78 and reached 6099.97 on December 6, 2024. ^GSPC gained -1996.19 points, or -48.64%, in 58 weeks. The price is now at the 13.67% retracement level.
 Medium-term trend: [See ^GSPC medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 5119.26 and reached 6099.97 on December 6, 2024. ^GSPC gained -980.71 points, or -19.16%, in 17 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (6110.36) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 20, 2024. Use the following link to access a MACD help.
 Short-term trend: [See ^GSPC short-term trend chart]
A short-term downtrend had started on December 6, 2024 at 6099.97 and reached 5807.78 on January 10, 2025. ^GSPC lost 292.19 points, or 4.79%, in 35 days. The price is now at the 6.59% retracement level.
Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals.
The daily MACD line is below its signal line since December 9, 2024. This is an indication that the short-term trend is down.
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