We assign a technical rating of 7 out of 10 to MDY. Although MDY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although MDY has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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559.28
We found 1 important support area.
- A support zone ranging from 564.93 to 597.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 613.12 to 621.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MDY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MDY is up. |
| ChartMill Relative Strength | 52.6 | NEUTRAL | MDY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MDY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MDY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MDY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.94 | NEUTRAL | The RSI value for MDY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.21 | POSITIVE | The MACD value suggests MDY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.42 | OVERBOUGHT | The high Stochastics value suggests MDY may be overbought. |
| Average True Range in percent/ATR (20) | 1.46 | LOW VOLATILITY | The low ATR as a percentage value for MDY suggests low volalility. |
| Average Directional Index/ADX (14) | 13.62 | NEGATIVE | The low ADX value for MDY suggests a weak or negative trend. |
613.11
-8.13 (-1.31%)
SPDR S&P MIDCAP 400 ETF TRST / MDY FAQ
What is the ChartMill technical rating of SPDR S&P MIDCAP 400 ETF TRST (MDY) stock?
ChartMill assigns a technical rating of 7 / 10 to MDY.
What is the trend direction for MDY stock?
The current trend direction for SPDR S&P MIDCAP 400 ETF TRST (MDY) is Bullish.
What is the RSI signal for MDY stock?
SPDR S&P MIDCAP 400 ETF TRST (MDY) has an RSI value of 59.9417. This indicates that the stock is currently neutral.
What is the short term momentum for MDY stock?
The short term momentum for SPDR S&P MIDCAP 400 ETF TRST (MDY) is positive.
What are the support and resistance levels for SPDR S&P MIDCAP 400 ETF TRST (MDY) stock?
SPDR S&P MIDCAP 400 ETF TRST (MDY) has a support level at 597 and a resistance level at 613.12. Check the full technical report for our detailed analysis of MDY support and resistance levels.