Taking everything into account, SPMB scores 5 out of 10 in our technical rating. In the last year, SPMB was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
SPMB has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
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20.85
2 important support areas can be observed.
- A support zone ranging from 22.03 to 22.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.06 to 21.68. 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 22.57 to 22.71. 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 SPMB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SPMB is neutral. |
| ChartMill Relative Strength | 46.22 | NEUTRAL | SPMB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPMB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SPMB is above 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) | 57.9 | NEUTRAL | The RSI value for SPMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SPMB has a positive trend. |
| Stochastics (14,3) | 72.55 | NEUTRAL | The Stochastics value for SPMB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.3 | LOW VOLATILITY | The low ATR as a percentage value for SPMB suggests low volalility. |
| Average Directional Index/ADX (14) | 12.68 | NEGATIVE | The low ADX value for SPMB suggests a weak or negative trend. |
22.54
+0.12 (+0.54%)
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 5 / 10 to SPMB.
Can you provide the trend direction for SS SPDR P MORT BACK BOND ETF?
The current trend direction for SS SPDR P MORT BACK BOND ETF (SPMB) is Bullish.
What is the RSI signal for SPMB stock?
SS SPDR P MORT BACK BOND ETF (SPMB) has an RSI value of 57.896. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for SS SPDR P MORT BACK BOND ETF?
SS SPDR P MORT BACK BOND ETF (SPMB) has a support level at 22.48 and a resistance level at 22.57. Check the full technical report for our detailed analysis of SPMB support and resistance levels.