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. 70.41% 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 24/08/2023

Fundamental analysis

24 August, 2023

Entering into Thursday the S&P 500 opened marginally higher at 4,468. The S&P 500 is up over 14% so far in 2023 after falling 19% in 2022. The S&P 500 rose 1.1% Wednesday, trimming its loss for August. Some expect optimism over artificial intelligence that has driven a sharp rally in technology stocks this year to support further market gains, while they said a cooldown in the U.S. economy may not be as bad as feared.

Technical analysis

USA500 Analysis Technical analysis 24/08/2023
Time Frame: 1 hour

USA500 Support & Resistance Table - 24/08/2023

Support & Resistance Level Explanation
Resistance 2 4518.18 Daily R2
Resistance 1 4501.82 Daily R1
Support 1 4458.18 Daily S1
Support 2 4441.82 Daily S2

USA500 Indicator Table - 24/08/2023

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 - 24/08/2023

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

USA500 24/08/2023 - Reference Price : 4480.08

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