We assign a technical rating of 7 out of 10 to SPSB. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SPSB is only an average performer.
Although SPSB has an excellent technical rating, it does not present a decent entry opportunity 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
29.24
When analyzing the support we notice one important area.
- A support zone ranging from 29.54 to 30.24. 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 30.31 to 30.32. 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 SPSB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPSB is up. |
| ChartMill Relative Strength | 48.58 | NEUTRAL | SPSB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPSB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPSB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPSB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.4 | NEUTRAL | The RSI value for SPSB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SPSB has a positive trend. |
| Stochastics (14,3) | 100 | OVERBOUGHT | The high Stochastics value suggests SPSB may be overbought. |
| Average True Range in percent/ATR (20) | 0.11 | LOW VOLATILITY | The low ATR as a percentage value for SPSB suggests low volalility. |
| Average Directional Index/ADX (14) | 19 | NEGATIVE | The low ADX value for SPSB suggests a weak or negative trend. |
30.3
+0.01 (+0.03%)
SS SPDR P ST C CORP ETF / SPSB FAQ
What is the ChartMill technical rating of SS SPDR P ST C CORP ETF (SPSB) stock?
ChartMill assigns a technical rating of 7 / 10 to SPSB.
What is the trend direction for SPSB stock?
The current trend direction for SS SPDR P ST C CORP ETF (SPSB) is Bullish.
What is the RSI signal for SPSB stock?
SS SPDR P ST C CORP ETF (SPSB) has an RSI value of 65.3976. This indicates that the stock is currently neutral.
What is the MACD signal for SPSB stock?
The MACD indicator for SS SPDR P ST C CORP ETF (SPSB) has a value of 0.0135782, indicating a bearish trend.
Can you provide the short term momentum for SS SPDR P ST C CORP ETF?
The short term momentum for SS SPDR P ST C CORP ETF (SPSB) is positive.