CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

USA500 Analysis

EU Session Analysis for CFD Instruments 03/01/2024

Fundamental analysis

03 January, 2024

The USA500 is trading at 4,742.

US stocks were mostly lower in their first trading day of 2024, with mega-cap tech stocks dragging down the S&P 500 and Nasdaq 100. Meanwhile, a jump in health care stocks helped drive slight gains in the Dow Jones Industrial Average.

The December employment report, set to be released on Friday, will help inform investors about their interest rate views, as a weak report could bolster the idea that the Fed needs to more aggressively cut interest rates, and vice versa if it's a strong report.

Technical analysis

USA500 Analysis Technical analysis 03/01/2024
Time Frame: 1 hour

USA500 Support & Resistance Table - 03/01/2024

Support & Resistance Level Explanation
Resistance 2 4845.72 Daily R2
Resistance 1 4838.98 Daily R1
Support 1 4821.02 Daily S1
Support 2 4814.28 Daily S2

USA500 Indicator Table - 03/01/2024

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Buy
RSI (14) Sell
Stochastic ( 9;6;3) Sell

USA500 Indicator / Period Table - 03/01/2024

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuyBuy
RSI (14) Sell BuyBuy
SMA 20 Buy BuyBuy

USA500 03/01/2024 - Reference Price : 4830.32

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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