STATE STREET SPDR PORTFOLIO (SPDW) Stock Technical Analysis
NYSEARCA:SPDW • US78463X8891
Overall SPDW gets a technical rating of 10 out of 10. Both in the recent history as in the last year, SPDW has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, SPDW did better than 80% of all other stocks. On top of that, SPDW also shows a nice and consistent pattern of rising prices.
- 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.
- In the last month SPDW has a been trading in the 45.59 - 49.28 range, which is quite wide. It is currently trading near the high of this range.
- SPDW has an average volume of 4859940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
33.86
We found 4 important support areas.
- A support zone ranging from 47.17 to 48.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 45.98 to 46.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.36 to 43.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.20 from a horizontal line in the weekly time frame.
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 | 80.89 | POSITIVE | SPDW has a high relative strength, it outperformed 80.89% off all stocks 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) | 66.05 | NEUTRAL | The RSI value for SPDW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests SPDW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.87 | NEUTRAL | The Stochastics value for SPDW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for SPDW suggests low volalility. |
| Average Directional Index/ADX (14) | 37.18 | POSITIVE | The high ADX value value for SPDW suggests a strong trend. |
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 |
|---|---|---|---|
| 49.29 | 46.75 | 2.54 (5.16%) | 19.38% |
| An entry @49.29. This is a Buy Stop order right above the 10 day high. | An exit @46.75. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.54 points, which is 5.16%. | For a 1.00% total portfolio risk, you can invest 19.38% 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.
48.71
-0.11 (-0.23%)
STATE STREET SPDR PORTFOLIO / SPDW FAQ
What is the ChartMill technical rating of STATE STREET SPDR PORTFOLIO (SPDW) stock?
ChartMill assigns a technical rating of 10 / 10 to SPDW.
What is the current trend direction of STATE STREET SPDR PORTFOLIO (SPDW) stock?
The current trend direction for STATE STREET SPDR PORTFOLIO (SPDW) is Bullish.
What is the RSI signal for SPDW stock?
STATE STREET SPDR PORTFOLIO (SPDW) has an RSI value of 66.0467. This indicates that the stock is currently neutral.
What is the MACD signal for STATE STREET SPDR PORTFOLIO (SPDW) stock?
The MACD indicator for STATE STREET SPDR PORTFOLIO (SPDW) has a value of 0.0662727, indicating a bearish trend.
What is the short term momentum for STATE STREET SPDR PORTFOLIO (SPDW) stock?
The short term momentum for STATE STREET SPDR PORTFOLIO (SPDW) is positive.