# S&P500 Technical Analysis Recap
The S&P 500, or Standard & Poor’s 500, is a stock market index comprising 500 of the largest companies listed on stock exchanges in the United States. It is widely regarded as one of the best single gauges of large-cap U.S. equities. The index is market-capitalization-weighted, and its performance is considered a key indicator of the overall health of the U.S. stock market and economy.
The S&P 500 is currently trading at 6448.26, showing a modest increase of 0.51% today. The index is positioned above all its key moving averages (20-day at 6429.23, 50-day at 6333.56, and 200-day at 5963.86), indicating a strong bullish trend over both short and long-term periods. The moving averages suggest sustained upward momentum, as the index has risen 8.12% above the 200-day MA and 1.81% above the 50-day MA.
The Bollinger Bands show the index trading between the upper and middle bands, with today’s price slightly below the upper band at 6519.87 and above the middle band (which is also the 20-day MA) at 6429.23. This positioning within the bands indicates that the index is not in an extreme trading zone, although nearing the upper band suggests some level of overvaluation in the short term.
The Relative Strength Index (RSI) at 55.98 reflects neither overbought nor oversold conditions, supporting a continuation of the current trend without immediate reversal signals. However, the Moving Average Convergence Divergence (MACD) at 39.48, below its signal line at 46.45, suggests a potential slowing of momentum as it indicates a bearish crossover.
The index is currently near its 52-week and year-to-date high of 6508.23, showing strong annual performance but also highlighting possible resistance near these levels. The Average True Range (ATR) at 53.74 points to moderate daily volatility, aligning with the recent price range observed between the 3-day high of 6491.76 and low of 6360.58.
In summary, the S&P 500 exhibits a robust bullish trend with potential resistance near the recent highs. Investors should watch for any sustained movements beyond the Bollinger Bands and changes in the MACD for signs of momentum shifts. The proximity to the 52-week high could prompt some profit-taking, possibly leading to short-term pullbacks.
## Technical Metrics
| Metric | Value |
|---|---|
| Current Price | 6448.26 |
| Today’s Change (%) | 0.51 |
| 20-day MA | 6429.23 |
| % from 20-day MA | 0.3 |
| 50-day MA | 6333.56 |
| % from 50-day MA | 1.81 |
| 200-day MA | 5963.86 |
| % from 200-day MA | 8.12 |
| Bollinger Upper | 6519.87 |
| % from BB Upper | -1.1 |
| Bollinger Lower | 6338.59 |
| % from BB Lower | 1.73 |
| RSI (14) | 55.98 |
| MACD | 39.48 |
| MACD Signal | 46.45 |
| 3-day High | 6491.76 |
| % from 3-day High | -0.67 |
| 3-day Low | 6360.58 |
| % from 3-day Low | 1.38 |
| 52-week High | 6508.23 |
| % from 52-week High | -0.92 |
| 52-week Low | 4835.04 |
| % from 52-week Low | 33.37 |
| YTD High | 6508.23 |
| % from YTD High | -0.92 |
| YTD Low | 4835.04 |
| % from YTD Low | 33.37 |
| ATR (14) | 53.74 |
The S&P 500 index exhibits a bullish trend as indicated by its current price of 6448.26, which is above all key moving averages: 20-day (6429.23), 50-day (6333.56), and 200-day (5963.86). This positioning suggests sustained upward momentum over short, medium, and long-term periods. The index is trading near the upper Bollinger Band (6519.87), hinting at potential resistance near this level, while the lower band at 6338.59 could serve as near-term support.
The Relative Strength Index (RSI) at 55.98 indicates neither overbought nor oversold conditions, supporting a stable outlook. However, the Moving Average Convergence Divergence (MACD) at 39.48, below its signal line at 46.45, suggests some caution as it may indicate a slowing momentum.
Volatility, measured by the Average True Range (ATR) of 53.74, points to moderate price fluctuations, aligning with recent trading ranges between the 3-day high (6491.76) and low (6360.58).
Given these factors, the market sentiment appears cautiously optimistic. Investors might watch for the index to challenge its recent and 52-week highs near 6508.23. A break above this level could signal further bullish momentum, while a retreat might see support tested at the lower Bollinger Band and the 20-day moving average.
