Can the S&P500 continue its surge into this week (20Jan25)?
Market Outlook of S&P500 - 20Jan2025 > what 25 indicators say
Observations:
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The MACD indicator is showing an uptrend with a recent bottom crossover.
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Moving Averages (MA). Both the MA50 line and the MA200 line are on an uptrend. The last candle is above both the MA50 line and the MA200 line. This implies a bullish outlook for both the mid-and long-term.
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The 3 Exponential Moving Averages (EMA) lines are about to converge, implying a coming reversal to an uptrend.
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Chaikin’s Monetary flow (CMF) shows a downtrend.
S&P500 has gained 23.9% from a year ago. Based on Technical (daily intervals), investing is recommending a “Strong Buy” rating.
From the above, there are 17 indicators with a “Buy” rating whereas there are 3 indicators with a “Sell” rating. This results in a “Strong Buy” rating from investing.
We should take note that there are also a few indicators signalling “overbought” - that suggest some selling in the coming days.
Based on the latest candlestick, it seems to point to a bullish outlook.
From the above, the S&P500 is likely to rise in the coming days.
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