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 05/05/2021

Fundamental analysis

05 May, 2021

The USA500 fell and the Nasdaq ended sharply lower on Tuesday as investors dumped megacap growth stocks to seek shelter in more defensive parts of the market, amid concerns on rising interest rates and uncertainty over an upcoming jobs report. Highly valued technology-related companies including Microsoft Corp, Alphabet, Apple, Amazon.com and Facebook sold off across the board. Comments by Treasury Secretary Janet Yellen on the potential need for interest rate hikes further exacerbated the tech selloff, as investors worry higher rates would weigh on valuations of growth companies. "It may be that interest rates will have to rise somewhat to make sure that our economy doesn't overheat, even though the additional spending is relatively small relative to the size of the economy," she said in taped comments at a virtual event by The Atlantic.

Technical analysis

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

USA500 Support & Resistance Table - 05/05/2021

Support & Resistance Level Explanation
Resistance 2 4189.60 Daily R2
Resistance 1 4178.66 Daily R1
Support 1 4149.50 Daily S1
Support 2 4138.56 Daily S2

USA500 Indicator Table - 05/05/2021

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

USA500 Indicator / Period Table - 05/05/2021

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

USA500 05/05/2021 - Reference Price : 4164.08

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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