SP 500 Technical Analysis

S5
GSPC -- USA Index  

 3,044  14.58  0.48%

As of the 1st of June SP 500 owns Risk Adjusted Performance of 0.0376, Downside Deviation of 4.02 and Mean Deviation of 2.75. Macroaxis technical analysis interface makes it possible for you to check potential technical drivers of SP 500 as well as the relationship between them. Strictly speaking, you can use this information to find out if the index will indeed mirror its model of historical prices and volume patterns or the prices will eventually revert. We found nineteen technical drivers for SP 500, which can be compared to its peers in the sector. Please validate SP 500 Jensen Alpha, Potential Upside as well as the relationship between Potential Upside and Skewness to decide if SP 500 is priced correctly providing market reflects its prevailing price of 3044.31 per share.

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SP 500 Trend Analysis

Use this graph to draw trend lines for SP 500. You can use it to identify possible trend reversals for SP 500 as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual SP 500 price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

SP 500 Best Fit Change Line

The following chart estimates an ordinary least squares regression model for SP 500 applied against its price change over selected period. The best fit line has a slop of   7.84  which means SP 500 will continue producing value for investors. It has 122 observation points and a regression sum of squares at 2321769.53, which is the sum of squared deviations for the predicted SP 500 price change compared to its average price change.

About SP 500 Technical Analysis

The Macroaxis Technical Analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of SP 500 on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of SP 500 based on its technical analysis. In general, a bottom-up approach, as applied to this index, focuses on SP 500 stock first instead of the macroeconomic environment surrounding SP 500. By analyzing SP 500's financials, daily price indicators, and its related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of SP 500's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to SP 500 specific price patterns or momentum indicators. Please read more on our technical analysis page.

SP 500 June 1, 2020 Technical Indicators

SP 500 June 1, 2020 Daily Price Condition

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