SPDR PORTFOLIO CORPORATE BON (SPBO) Stock Technical Analysis
NYSEARCA:SPBO - NYSE Arca - US78464A1447 - ETF - Currency: USD
Taking everything into account, SPBO scores 7 out of 10 in our technical rating. Although SPBO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
When compared to the yearly performance of all other stocks, SPBO outperforms 41% of them, which is more or less in line with the market.
SPBO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SPBO is lagging the market.
In the last month SPBO has a been trading in a tight range between 28.52 and 29.13.
Although SPBO 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.
More info and screens
27.90
30.48
We found 1 important support area.
- A support zone ranging from 28.18 to 28.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 29.30 to 29.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 30.12 to 30.18. 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 SPBO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPBO is up. |
| ChartMill Relative Strength | 41.82 | NEUTRAL | SPBO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPBO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPBO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SPBO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.05 | NEUTRAL | The RSI value for SPBO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SPBO has a positive trend. |
| Stochastics (14,3) | 97.33 | OVERBOUGHT | The high Stochastics value suggests SPBO may be overbought. |
| Average True Range in percent/ATR (20) | 0.45 | LOW VOLATILITY | The low ATR as a percentage value for SPBO suggests low volalility. |
| Average Directional Index/ADX (14) | 13.41 | NEGATIVE | The low ADX value for SPBO suggests a weak or negative 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)
29.13
+0.09 (+0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.31%
1 Week0.94%
2 Weeks1.18%
1 Month1.82%
3 Month0.52%
6 Month1.89%
12 Month1.5%
2 Year0.88%
3 Year-1.49%
5 Year-17.29%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%0.45%
ATR Inc-4.38%
Range Today0.13
ADR(20)0.1
ADR(20)%0.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.82
Mansfield-0.59
10 Day High29.13
10 Day Low28.73
20 Day High29.13
20 Day Low28.52
52 Week High30.26
52 Week Low27.84
CS1 End28.92
CR1 Start29.3
Volume & EV
DER(3)2.91%
DER(5)1.17%
Volume891.70K
Volume Incr15.28%
Vol(5)812.78K
Vol(50)893.06K