SPDR PORTFOLIO HIGH YIELD BO (SPHY) Stock Technical Analysis
NYSEARCA:SPHY - NYSE Arca - US78468R6062 - ETF - Currency: USD
Taking everything into account, SPHY scores 6 out of 10 in our technical rating. Although SPHY is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, SPHY does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 23.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.68, a Stop Loss order could be placed below this zone.
More info and screens
22.18
We found 3 important support areas.
- A support zone ranging from 23.48 to 23.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.11 from a horizontal line in the daily time frame.
- A support zone ranging from 22.40 to 22.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.70 to 24.07. 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 SPHY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPHY is up. |
| ChartMill Relative Strength | 39.92 | NEUTRAL | SPHY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPHY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPHY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SPHY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.69 | NEUTRAL | The RSI value for SPHY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SPHY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 80.2 | OVERBOUGHT | The high Stochastics value suggests SPHY may be overbought. |
| Average True Range in percent/ATR (20) | 0.25 | LOW VOLATILITY | The low ATR as a percentage value for SPHY suggests low volalility. |
| Average Directional Index/ADX (14) | 11.96 | NEGATIVE | The low ADX value for SPHY suggests a weak or negative 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 |
|---|---|---|---|
| 23.77 | 23.58 | 0.19 (0.78%) | 25.00% |
| An entry @23.77. This is a Buy Stop order right above the 10 day high. | An exit @23.58. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.19 points, which is 0.78%. | For a 0.19% 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.
NYSEARCA:SPHY (8/15/2025, 5:57:31 PM)
After market: 23.7634 +0.07 (+0.31%)23.69
-0.01 (-0.04%)