SPDR PORTFOLIO DEVELOPED WOR (SPDW) Stock Technical Analysis
USA - NYSEARCA:SPDW - US78463X8891 - ETF
42.54 USD
-0.18 (-0.42%)
42.58 USD
+0.04 (+0.09%)
Overall SPDW gets a technical rating of 8 out of 10. Although SPDW 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!
SPDW is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
SPDW has an average volume of 3439420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, SPDW turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
In the last month SPDW has a been trading in a tight range between 41.09 and 42.73.
Although SPDW has an excellent technical rating, the quality of the presented setup is not ideal 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
32.91
43.16
5 important support areas can be observed.
- A support zone ranging from 41.94 to 42.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 39.33 to 40.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.82 from a trend line in the weekly time frame.
- Support @34.20 from a horizontal line in the weekly time frame.
- Support @33.24 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 42.55 to 42.73. 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 SPDW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPDW is up. |
| ChartMill Relative Strength | 64.56 | NEUTRAL | SPDW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPDW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPDW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPDW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.76 | NEUTRAL | The RSI value for SPDW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests SPDW has a positive trend. |
| Stochastics (14,3) | 92.21 | OVERBOUGHT | The high Stochastics value suggests SPDW may be overbought. |
| Average True Range in percent/ATR (20) | 0.76 | LOW VOLATILITY | The low ATR as a percentage value for SPDW suggests low volalility. |
| Average Directional Index/ADX (14) | 22.01 | NEUTRAL | The ADX value for SPDW suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 42.74 | 41.93 | 0.81 (1.90%) | 25.00% |
| An entry @42.74. This is a Buy Stop order right above the resistance zone. | An exit @41.93. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.81 points, which is 1.90%. | For a 0.47% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
42.54
-0.18 (-0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.42%
1 Week1.45%
2 Weeks1.48%
1 Month2.21%
3 Month5.72%
6 Month14.29%
12 Month16.13%
2 Year37.18%
3 Year64.88%
5 Year45.39%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%0.76%
ATR Inc3.95%
Range Today0.16
ADR(20)0.24
ADR(20)%0.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.56
Mansfield0.18
10 Day High42.73
10 Day Low41.09
20 Day High42.73
20 Day Low41.09
52 Week High42.73
52 Week Low32.3
CS1 End42.42
CR1 Start42.55
Volume & EV
DER(3)0.73%
DER(5)3.3%
Volume3.00M
Volume Incr2.59%
Vol(5)3.38M
Vol(50)3.44M