SPDR S&P 500 ETF TRUST (SPY)

US78462F1030 - ETF

420.02  +5.37 (+1.3%)

After market: 420.49 +0.47 (+0.11%)

Technical Rating

6

Overall SPY gets a technical rating of 6 out of 10. Although SPY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
SPY is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SPY is performing more or less in line with the market.
SPY has an average volume of 81078800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SPY did better than 77% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month SPY has a been trading in a tight range between 403.74 and 420.77.

Statistics

1 Month 3 Months 6 Months 12 Months 0.98% 5.96% 4.40% 1.15% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 77.44 348.11 - 431.73
SPY Weekly chart
SPY Daily chart

Support/Resistance Analysis


353.60

424.23
We found 3 important support areas.
  • A support zone ranging from 398.81 to 416.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 382.43 to 388.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @357.17 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
  • A resistance zone ranging from 420.03 to 420.03. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

4

SPY has an average technical rating and the quality of the presented setup is also 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.


SPY Daily chart

SPDR S&P 500 ETF TRUST

NYSEARCA:SPY (5/26/2023, 7:04:00 PM)

After market: 420.49 +0.47 (+0.11%)

420.02

+5.37 (+1.3%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.3%
1 Week0.33%
2 Weeks2.05%
1 Month0.98%
3 Month5.96%
6 Month4.4%
12 Month1.15%
Volatility
ATR(14)4.19
ATR(20)%1.07%
ATR Inc35%
Range Today5.52
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.44
MansfieldN/A
10 Day High420.77
10 Day Low409.88
20 Day High420.77
20 Day Low403.74
52 Week High431.73
52 Week Low348.11
CS1 End416.78
CR1 Start420.03
Volume & EV
DER(3)-1.74%
DER(5)-1.96%
Volume93.83M
Volume Incr5.17%
Vol(5)84.23M
Vol(50)81.08M
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