SP 500 Technical Analysis

GSPC -- USA Index  

 2,919  59.98  2.01%

As of the 28th of February SP 500 owns Mean Deviation of 0.6797 and Risk Adjusted Performance of (0.08). 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 2918.78 per share.

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   1.80  which means SP 500 will continue generating value for investors. It has 122 observation points and a regression sum of squares at 122760.32, which is the sum of squared deviations for the predicted SP 500 price change compared to its average price change.

SP 500 February 28, 2020 Technical Indicators

SP 500 February 28, 2020 Daily Price Condition

Check out Your Current Watchlist. Please also try Theme Ratings module to determine theme ratings based on digital equity recommendations. macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Company logos by clearbit