SPDR S&P 500 ETF TRUST (SPY)       393.83  -5.76 (-1.44%)

393.83  -5.76 (-1.44%)

US78462F1030 - ETF - After market: 394.08 +0.25 (+0.06%)

Technical Rating

6

Overall SPY gets a technical rating of 6 out of 10. SPY has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.



SPY has an average volume of 91472100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, SPY outperforms 50% of them, which is more or less in line with the market.
SPY is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month SPY has a been trading in the 373.61 - 410.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Statistics

1 Month 3 Months 6 Months 12 Months 3.65% -3.14% 1.03% -16.34% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 50.01 348.11 - 479.98
SPY Weekly chart
SPY Daily chart

Support/Resistance Analysis


352.98

434.01
We found 3 important support areas.
  • A support zone ranging from 390.08 to 391.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @365.86 from a horizontal line in the daily time frame.
  • A support zone ranging from 356.55 to 357.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
  • A resistance zone ranging from 396.72 to 403.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @417.39 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 427.11 to 429.71. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

3

SPY has an average technical rating and it also does not offer a high quality setup 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.


SPY Daily chart

SPDR S&P 500 ETF TRUST393.83

NYSEARCA:SPY (12/6/2022, 7:04:40 PM)-5.76 (-1.44%)

After market: 394.08 +0.25 (+0.06%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A
Performance
Today -1.44% 1 Week -0.35%
2 Weeks -0.19% 1 Month 3.65%
3 Month -3.14% 6 Month 1.03%
Volatility
ATR(14) 5.79 ATR(20)% 1.74%
ATR Inc 54.99% Range Today 8.35
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 50.01 Mansfield N/A
10 Day High 410 10 Day Low 391.64
20 Day High 410 20 Day Low 373.61
52 Week High 479.98 52 Week Low 348.11
CS1 End 391.49 CR1 Start 396.72
Volume & EV
DER(3) -0.13% DER(5) 0.63%
Volume 77.97M Volume Incr 15.28%
Vol(5) 92.31M Vol(50) 91.47M

Technical Stock Screener Links

Screen Image

Technical Stock Screener

Find stocks with similar TA and Setup ratings on the USA