SPDR PORTFOLIO S&P 500 ETF (SPLG) Technical Analysis
NYSEARCA:SPLG • US78464A8541
Current stock price
SPLG Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to SPLG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SPLG is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, SPLG did better than 79% of all other stocks.
- SPLG is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SPLG is leading the market.
- SPLG has an average volume of 9892670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month SPLG has a been trading in a tight range between 76.79 and 81.14.
SPLG Weekly and Daily overview Charts
SPLG Setup Rating and Analysis
Although SPLG 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
SPLG Support and Resistance Analysis
57.66
4 important support areas can be observed.
- A support zone ranging from 76.84 to 79.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @74.77 from a horizontal line in the daily time frame.
- Support @70.31 from a horizontal line in the daily time frame.
- Support @58.24 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 80.01 to 80.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
SPLG Technical Indicator Signal Analysis
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 SPLG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPLG is up. |
| ChartMill Relative Strength | 79.37 | POSITIVE | SPLG has a high relative strength, it outperformed 79.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPLG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPLG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPLG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.86 | NEUTRAL | The RSI value for SPLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests SPLG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.28 | OVERBOUGHT | The high Stochastics value suggests SPLG may be overbought. |
| Average True Range in percent/ATR (20) | 1.14 | LOW VOLATILITY | The low ATR as a percentage value for SPLG suggests low volalility. |
| Average Directional Index/ADX (14) | 19.07 | NEGATIVE | The low ADX value for SPLG suggests a weak or negative trend. |
SPLG Chart- and CandleStick Pattern Analysis
SPLG Technicals: Chart, Performance Metrics, Trend & Indicators
80
-0.86 (-1.06%)
SPDR PORTFOLIO S&P 500 ETF / SPLG TA FAQ
Can you provide the ChartMill technical rating for SPDR PORTFOLIO S&P 500 ETF?
ChartMill assigns a technical rating of 9 / 10 to SPLG.
What is the current trend direction of SPDR PORTFOLIO S&P 500 ETF (SPLG) stock?
The current trend direction for SPDR PORTFOLIO S&P 500 ETF (SPLG) is Bullish.
What is the RSI signal for SPDR PORTFOLIO S&P 500 ETF (SPLG) stock?
SPDR PORTFOLIO S&P 500 ETF (SPLG) has an RSI value of 59.857. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SPDR PORTFOLIO S&P 500 ETF?
The short term momentum for SPDR PORTFOLIO S&P 500 ETF (SPLG) is positive.
What are the support and resistance levels for SPDR PORTFOLIO S&P 500 ETF (SPLG) stock?
SPDR PORTFOLIO S&P 500 ETF (SPLG) has a support level at 79.56 and a resistance level at 80.01. Check the full technical report for our detailed analysis of SPLG support and resistance levels.