CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 67.52% 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 19/12/2023

Fundamental analysis

19 December, 2023

The USA500 is trading at 4,740.

US stocks edged higher Monday, building on a seven-week climb even as Federal Reserve officials tried to rein in high expectations for interest rate cuts.

The Dow Jones Industrial Average was virtually unchanged, as the index just barely notched another record close. The benchmark S&P 500 gained nearly 0.5%, while the tech-heavy Nasdaq Composite advanced about 0.6%.

Stocks have surged as investors became increasingly convinced the Federal Reserve would make more rate cuts in 2024 than previously forecast. Those hopes got a boost last week, as policymakers recognized its efforts to cool inflation were having an impact.

Technical analysis

USA500 Analysis Technical analysis 19/12/2023
Time Frame: 1 hour

USA500 Support & Resistance Table - 19/12/2023

Support & Resistance Level Explanation
Resistance 2 4823.17 Daily R2
Resistance 1 4809.81 Daily R1
Support 1 4774.19 Daily S1
Support 2 4760.83 Daily S2

USA500 Indicator Table - 19/12/2023

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

USA500 Indicator / Period Table - 19/12/2023

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

USA500 19/12/2023 - Reference Price : 4793.58

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (1)
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