CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

USA500 Analysis

EU Session Analysis for CFD Instruments 05/02/2021

Fundamental analysis

05 February, 2021

U.S. stocks ended solidly higher on Thursday and the S&P 500 and Nasdaq posted record closing highs after another batch of upbeat earnings and data suggesting the labor market may be stabilizing. The Dow and S&P 500 rose for a fourth straight day, with investor hopes of further progress on a pandemic-relief package also boosting the market. Democrats in the U.S. Senate were poised on Thursday to take a first step toward the ultimate passage of President Joe Biden’s $1.9 trillion COVID-19 relief proposal. The number of Americans filing new applications for unemployment benefits decreased further last week, according to the Labor Department’s report. Stronger-than-expected results so far in the fourth quarter have driven up analysts’ expectations, and S&P 500 companies are now on track to post earnings growth for the quarter instead of a decline as initially expected. A pandemic-driven surge in online shopping during the holiday season helped e-commerce firm eBay Inc and payment platform PayPal Holdings Inc top quarterly earnings estimates.

Technical analysis

USA500 Analysis Technical analysis 05/02/2021
Time Frame: 1 hour

USA500 Support & Resistance Table - 05/02/2021

Support & Resistance Level Explanation
Resistance 2 3919.07 Daily R2
Resistance 1 3900.32 Daily R1
Support 1 3850.32 Daily S1
Support 2 3831.57 Daily S2

USA500 Indicator Table - 05/02/2021

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Buy
RSI (14) Buy
Stochastic ( 9;6;3) Buy

USA500 Indicator / Period Table - 05/02/2021

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuyBuy
RSI (14) Buy BuyBuy
SMA 20 Buy BuyBuy

USA500 05/02/2021 - Reference Price : 3875.32

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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