SPDR PORT SHRT TRM CORP BND (SPSB) Stock Technical Analysis
USA - NYSEARCA:SPSB - US78464A4748 - ETF
30.25 USD
+0.03 (+0.1%)
30.21 USD
-0.04 (-0.13%)
Taking everything into account, SPSB scores 5 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SPSB is a bad performer.
When comparing the yearly performance of all stocks, SPSB is a bad performer in the overall market: 64% of all stocks are doing better.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
SPSB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SPSB is lagging the market slightly.
SPSB has an average volume of 2862230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SPSB has a been trading in a tight range between 30.11 and 30.31.
SPSB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 30.24, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
29.24
30.61
We found 1 important support 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 30.27 to 30.31. 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 SPSB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SPSB is neutral. |
| ChartMill Relative Strength | 36.6 | 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) | 52.79 | NEUTRAL | The RSI value for SPSB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SPSB has a negative trend. |
| Stochastics (14,3) | 27.78 | NEUTRAL | The Stochastics value for SPSB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.12 | LOW VOLATILITY | The low ATR as a percentage value for SPSB suggests low volalility. |
| Average Directional Index/ADX (14) | 18.13 | NEGATIVE | The low ADX value for SPSB suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
30.25
+0.03 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.1%
1 Week-0.13%
2 Weeks0.03%
1 Month0.03%
3 Month0.33%
6 Month0.57%
12 Month-0.2%
2 Year3.17%
3 Year3.52%
5 Year-3.57%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%0.12%
ATR Inc11.26%
Range Today0.02
ADR(20)0.03
ADR(20)%0.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.6
Mansfield-0.93
10 Day High30.31
10 Day Low30.21
20 Day High30.31
20 Day Low30.11
52 Week High30.31
52 Week Low29.74
CS1 End30.24
CR1 Start30.27
Volume & EV
DER(3)-8.57%
DER(5)-6.08%
Volume2.74M
Volume Incr-51.92%
Vol(5)1.93M
Vol(50)2.86M