SPDR PORT INT CORP BOND ETF (SPIB) Stock Technical Analysis
USA - NYSEARCA:SPIB - US78464A3757 - ETF
33.85 USD
-0.04 (-0.12%)
33.84 USD
-0.01 (-0.03%)
We assign a technical rating of 6 out of 10 to SPIB. Although SPIB 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!
SPIB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SPIB is lagging the market slightly.
SPIB has an average volume of 5307760 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, SPIB turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
In the last month SPIB has a been trading in a tight range between 33.77 and 34.06.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, SPIB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 33.78, a Stop Loss order could be placed below this zone.
More info and screens
32.16
34.36
We found 1 important support area.
- A support zone ranging from 32.48 to 33.78. 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 33.88 to 34.02. This zone is formed by a combination of multiple trend lines and important moving averages 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 SPIB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPIB is up. |
| ChartMill Relative Strength | 44.34 | NEUTRAL | SPIB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPIB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPIB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPIB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.68 | NEUTRAL | The RSI value for SPIB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SPIB has a negative trend. |
| Stochastics (14,3) | 34.47 | NEUTRAL | The Stochastics value for SPIB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.21 | LOW VOLATILITY | The low ATR as a percentage value for SPIB suggests low volalility. |
| Average Directional Index/ADX (14) | 16.2 | NEGATIVE | The low ADX value for SPIB 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)
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 |
|---|---|---|---|
| 33.89 | 33.76 | 0.13 (0.38%) | 25.00% |
| An entry @33.89. This is a Buy Stop order right above the 10 day moving average. | An exit @33.76. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.13 points, which is 0.38%. | For a 0.10% 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.
33.85
-0.04 (-0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.12%
1 Week0.03%
2 Weeks-0.29%
1 Month-0.03%
3 Month1.32%
6 Month1.93%
12 Month1.35%
2 Year8.81%
3 Year8.88%
5 Year-7.72%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%0.21%
ATR Inc-17.84%
Range Today0.06
ADR(20)0.06
ADR(20)%0.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.34
Mansfield-0.9
10 Day High33.96
10 Day Low33.77
20 Day High34.06
20 Day Low33.77
52 Week High34.06
52 Week Low32.38
CS1 End33.78
CR1 Start33.88
Volume & EV
DER(3)1.89%
DER(5)-0.17%
Volume2.22M
Volume Incr-45.36%
Vol(5)3.05M
Vol(50)5.31M