S&P 500 Index (SPX-I)
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Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 1 opinions in the last 12 months.
Recent analysis of the S&P 500 Index, represented by the symbol SPX-I, highlights concerns regarding its performance amidst market volatility, a robust job market, and rising inflation rates. Expert Jessica Inskip notes that the index was able to sustain a post-election rally, but with its recent close at 5,827, it has crossed below a critical support level of 5,850. This dip suggests a potential bearish trend, indicated by the Ichimoku Cloud analysis, and there are fears that the rally could retract fully, potentially revisiting the next significant support level of 5,783. Additionally, the index has fallen below the 13-week average, further emphasizing its downward momentum and raising caution among investors about future performance.
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S&P 500 Index(SPX-I) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 1
S&P 500 Index(SPX-I) Frequently Asked Questions
What is S&P 500 Index stock symbol?
S&P 500 Index is a OTC stock, trading under the symbol SPX-I on the (). It is usually referred to as or SPX-I
Is S&P 500 Index a buy or a sell?
In the last year, 1 stock analyst published opinions about SPX-I. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for S&P 500 Index.
Is S&P 500 Index a good investment or a top pick?
S&P 500 Index was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for S&P 500 Index.
Why is S&P 500 Index stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is S&P 500 Index worth watching?
1 stock analyst on Stockchase covered S&P 500 Index In the last year. It is a trending stock that is worth watching.
What is S&P 500 Index stock price?
On , S&P 500 Index (SPX-I) stock closed at a price of $.
The post-election rally kept the S&P up, and Inskip was hoping it would remain above 5,850, a key level. It closed the week today at 5,827, crossing that support. Next level of support is 5,783. According to the Ichimoku Cloud, the S&P chart has turned negative, bearish. Inskip thinks we could roll back the entire post-election rally, taking us down to 5,783. The S&P broke below the 13-week average.