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Archive - 10/23/2026 - Sign In to see current Signals. |
S&P 500 (^GSPC) Technical Analysis
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| Summary:
| | Weekly : | | Daily :  Move cursor over the icon to see details.
| | It was the negative week for the S&P 500 (^GSPC). During the week, the ^GSPC gave back -35.76 points, or -0.47%, and closed at 7623.68 on Friday, October 23, 2026. ^GSPC was trading at average weekly trading volume.
Long-term trend: [See ^GSPC long-term trend chart] A long-term uptrend had started on October 13, 2022 at 3491.58 and reached 7844.52 on October 6, 2026. ^GSPC gained -4352.94 points, or -124.67%, in 207 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (7732.32). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
Medium-term trend: [See ^GSPC medium-term trend chart] A medium-term uptrend had started on March 30, 2026 at 6316.91 and reached 7844.52 on October 6, 2026. ^GSPC gained -1527.61 points, or -24.18%, in 27 weeks. The price is now at the 14.46% retracement level.
Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is below its signal line since September 4, 2026. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
Short-term trend: [See ^GSPC short-term trend chart] A short-term downtrend had started on October 6, 2026 at 7844.52 and reached 7612.07 on October 23, 2026. ^GSPC lost 232.45 points, or 2.96%, in 17 days. The chart has formed a Broadening Descending Wedge chart pattern.
Daily Technical Indicators: [See ^GSPC daily technical indicators chart] Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help. The daily MACD line is below its signal line since October 14, 2026. This is an indication that the short-term trend is down. Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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