Overall SPMB gets a technical rating of 3 out of 10. SPMB has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Although the technical rating is bad, SPMB 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 22.39, a Stop Loss order could be placed below this zone.
More info and screens
20.85
We found 3 important support areas.
- Support @22.39 from a horizontal line in the daily time frame.
- A support zone ranging from 21.68 to 22.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.06 to 21.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 22.45 to 22.71. 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 SPMB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SPMB is neutral. |
| ChartMill Relative Strength | 50.08 | NEUTRAL | SPMB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPMB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SPMB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPMB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.84 | NEUTRAL | The RSI value for SPMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SPMB has a negative trend. |
| Stochastics (14,3) | 21.61 | NEUTRAL | The Stochastics value for SPMB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.32 | LOW VOLATILITY | The low ATR as a percentage value for SPMB suggests low volalility. |
| Average Directional Index/ADX (14) | 11.06 | NEGATIVE | The low ADX value for SPMB suggests a weak or negative trend. |
22.4
-0.03 (-0.13%)
SS SPDR P MORT BACK BOND ETF / SPMB FAQ
What is the ChartMill technical rating of SS SPDR P MORT BACK BOND ETF (SPMB) stock?
ChartMill assigns a technical rating of 3 / 10 to SPMB.
What is the trend direction for SPMB stock?
The current trend direction for SS SPDR P MORT BACK BOND ETF (SPMB) is Bullish.
What is the RSI signal for SS SPDR P MORT BACK BOND ETF (SPMB) stock?
SS SPDR P MORT BACK BOND ETF (SPMB) has an RSI value of 41.8408. This indicates that the stock is currently neutral.
What is the MACD signal for SPMB stock?
The MACD indicator for SS SPDR P MORT BACK BOND ETF (SPMB) has a value of -0.00705696, indicating a bearish trend.
What is the support and resistance level for SPMB stock?
SS SPDR P MORT BACK BOND ETF (SPMB) has a support level at 22.39 and a resistance level at 22.45. Check the full technical report for our detailed analysis of SPMB support and resistance levels.