SPDR S&P 500 ETF TRUST (SPY) Stock Technical Analysis
NYSEARCA:SPY - US78462F1030 - ETF
642.47 USD
-2.84 (-0.44%)
643.01 USD
+0.54 (+0.08%)
We assign a technical rating of 10 out of 10 to SPY. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SPY is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SPY is one of the better performing stocks in the market, outperforming 70% of all stocks. On top of that, SPY also shows a nice and consistent pattern of rising prices.
SPY is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
SPY has an average volume of 71299300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SPY has a been trading in a tight range between 619.29 and 646.50.
Although SPY 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
490.21
651.77
When analyzing the support we can see 4 important areas.
- A support zone ranging from 621.71 to 642.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @598.76 from a horizontal line in the daily time frame.
- Support @531.77 from a trend line in the weekly time frame.
- Support @495.16 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 645.32 to 645.32. 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 SPY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPY is up. |
| ChartMill Relative Strength | 70.44 | POSITIVE | SPY has a high relative strength, it outperformed 70.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.22 | NEUTRAL | The RSI value for SPY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.53 | NEGATIVE | The MACD value suggests SPY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 73.44 | NEUTRAL | The Stochastics value for SPY is a neutral value. |
| Average True Range in percent/ATR (20) | 0.94 | LOW VOLATILITY | The low ATR as a percentage value for SPY suggests low volalility. |
| Average Directional Index/ADX (14) | 24.48 | NEUTRAL | The ADX value for SPY suggests a possible start of a new 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)
642.47
-2.84 (-0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.44%
1 Week-0.13%
2 Weeks1.03%
1 Month0.87%
3 Month9.01%
6 Month8.13%
12 Month13.98%
2 Year42.66%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.2
ATR(20)%0.94%
ATR Inc31.61%
Range Today2.94
ADR(20)5.31
ADR(20)%0.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.44
Mansfield0
10 Day High646.5
10 Day Low632.95
20 Day High646.5
20 Day Low619.29
52 Week High646.5
52 Week Low481.8
CS1 End642.05
CR1 Start645.32
Volume & EV
DER(3)0.88%
DER(5)-0.23%
Volume51.27M
Volume Incr-0.15%
Vol(5)69.76M
Vol(50)71.30M