SPDR SSGA US EQ PREM INC ETF (SPIN) Stock Technical Analysis
NYSEARCA:SPIN - NYSE Arca - US78470P8389 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to SPIN. In the last year, SPIN was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
SPIN has an average technical rating and also the quality of the setup is only medium 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.
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27.92
When analyzing the support we notice one important area.
- A support zone ranging from 28.20 to 28.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 31.32 to 31.32. This zone is formed by a combination of multiple trend lines in the daily 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 SPIN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPIN is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | SPIN has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPIN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SPIN is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 56.75 | NEUTRAL | The RSI value for SPIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SPIN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.88 | NEUTRAL | The Stochastics value for SPIN is a neutral value. |
| Average True Range in percent/ATR (20) | 0.49 | LOW VOLATILITY | The low ATR as a percentage value for SPIN suggests low volalility. |
| Average Directional Index/ADX (14) | 11.69 | NEGATIVE | The low ADX value for SPIN suggests a weak or negative trend. |
NYSEARCA:SPIN (6/6/2025, 8:04:00 PM)
28.9447
+0.18 (+0.61%)