SPDR S&P MIDCAP 400 ETF TRST (MDY) Stock Technical Analysis
USA - NYSEARCA:MDY - US78467Y1073 - ETF
596.68 USD
+5.97 (+1.01%)
596.68 USD
0 (0%)
We assign a technical rating of 5 out of 10 to MDY. MDY has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
MDY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MDY is lagging the market slightly.
When compared to the yearly performance of all other stocks, MDY outperforms 53% of them, which is more or less in line with the market.
In the last month MDY has a been trading in a tight range between 587.14 and 608.79.
MDY has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 589.24, a Stop Loss order could be placed below this zone.
More info and screens
561.41
626.33
When analyzing the support we can see 2 important areas.
- A support zone ranging from 580.96 to 589.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 567.08 to 571.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 597.49 to 601.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 615.86 to 620.13. 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 | NEUTRAL | NEUTRAL | The short term trend for MDY is neutral. |
| ChartMill Relative Strength | 53.22 | NEUTRAL | MDY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MDY is below a declining 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) | DOWN | MIXED | The current price of MDY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.99 | NEUTRAL | The RSI value for MDY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.52 | NEGATIVE | The MACD value suggests MDY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.89 | NEUTRAL | The Stochastics value for MDY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.24 | LOW VOLATILITY | The low ATR as a percentage value for MDY suggests low volalility. |
| Average Directional Index/ADX (14) | 25.99 | POSITIVE | The high ADX value value for MDY suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
596.68
+5.97 (+1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.01%
1 Week-0.46%
2 Weeks-0.66%
1 Month-0.23%
3 Month5.33%
6 Month12.11%
12 Month4.83%
2 Year30.67%
3 Year48.55%
5 Year76.1%
10 Year139.74%
15 Year309.84%
Volatility
ATR(14)7.41
ATR(20)%1.24%
ATR Inc-11.88%
Range Today5.76
ADR(20)6.94
ADR(20)%1.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.22
Mansfield-0.55
10 Day High608.79
10 Day Low587.14
20 Day High608.79
20 Day Low587.14
52 Week High624.13
52 Week Low458.82
CS1 End589.24
CR1 Start597.49
Volume & EV
DER(3)-1.53%
DER(5)0.07%
Volume853.50K
Volume Incr-20.61%
Vol(5)634.94K
Vol(50)693.69K