SPDR SSGA IG PUB&PRIV CREDIT (PRIV) Stock Technical Analysis
NYSEARCA:PRIV - NYSE Arca - US78470P6227 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to PRIV. PRIV has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, PRIV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 24.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.78, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PRIV in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
24.22
We found 1 important support area.
- A support zone ranging from 24.46 to 24.78. 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 24.87 to 25.06. 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 PRIV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRIV is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | PRIV has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRIV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PRIV is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 54.81 | NEUTRAL | The RSI value for PRIV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests PRIV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 77.23 | NEUTRAL | The Stochastics value for PRIV is a neutral value. |
| Average True Range in percent/ATR (20) | 0.45 | LOW VOLATILITY | The low ATR as a percentage value for PRIV suggests low volalility. |
| Average Directional Index/ADX (14) | 11.97 | NEGATIVE | The low ADX value for PRIV suggests a weak or negative trend. |
NYSEARCA:PRIV (6/5/2025, 8:04:03 PM)
24.8368
-0.02 (-0.09%)