Connect with us

Hi, what are you looking for?

Stock

S&P 500 and Nasdaq record new all-time high values

Vital differences between the NASDAQ 100 VS the S&P 500

S&P 500 and Nasdaq record new all-time high values

  • The value of the S&P 500 climbed to a new all-time high on Friday at the 5375.7 level.
  • The Nasdaq rose to 19116.5 on Friday night, forming a new all-time high.

S&P 500 chart analysis

The value of the S&P 500 climbed to a new all-time high on Friday at the 5375.7 level. By the time the market closed, the price had retreated to 5342.0 levels. Yesterday’s movement was in the 5330.0-5365.0 range. Today, we continue in the same range, and so far we have failed to move above the upper line. The index has initiated a pullback to 5350.0 in the last few hours, testing the EMA50 moving average here.

Looking ahead, it’s possible that we will test the daily open price before finding new support. Potential higher targets are 5370.0 and 5380.0 levels, indicating a bullish trend. However, for a bearish option, we need to see a drop below the 5340.0 level. We are gradually moving below the weekly open price to the negative side, suggesting a potential downward trend. Additional support in the 5320.0 zone is the EMA200 moving average, which could provide a strong support level.

S&P 500 chart analysis

Nasdaq chart analysis

The Nasdaq rose to 19116.5 on Friday night, forming a new all-time high. Yesterday and today, the index movement occurred in the 18950.0-19100.0 range. The index have resistance at the upper line and pull back to the 19000.0 level. We could also test the weekly open price before we initiate further growth to the bullish side. We are not ruling out a pullback below and are testing this week’s support at 18950.0.

Potential lower targets are 18900.0 and 18850.0 levels. Additional major support would be at the 18850.0 zone in the EMA200 moving average. We need a positive consolidation and growth above the 19100.0 level for a bullish option. We are within reach of the previous high and will have the opportunity to climb to a new one. Potential higher targets are 19150.0 and 19200.0 levels.

Nasdaq chart analysis

The post S&P 500 and Nasdaq record new all-time high values appeared first on FinanceBrokerage.

You May Also Like

Investing

Newmont (NYSE: NEM) reported mixed financial results even as the price of gold approached its all-time high. In all, the company’s earnings per share...

Investing

Fisker (NYSE: FSR) stock price has been one of the best-performing electric vehicle (EV) stocks this week even as Tesla slumped. The shares jumped...

Investing

NatWest (LON: NWG) share price rose sharply, helped by the strong results from Barclays. The stock jumped to a high of 274.8p, which was...

Investing

The Fox Corporation (NASDAQ: FOX) stock price has been under pressure as investors come to terms with the abrupt firing of Tucker Carlson. The...




Disclaimer: Oldamericanbroker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the-company.


Copyright © 2024 Oldamericanbroker.com