Taking everything into account, SPY scores 4 out of 10 in our technical rating. SPY has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
SPY has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 659.02, a Stop Loss order could be placed below this zone.
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490.21
When analyzing the support we can see 3 important areas.
- A support zone ranging from 652.52 to 659.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @635.55 from a horizontal line in the daily time frame.
- Support @495.16 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 660.27 to 687.40. 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 SPY is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SPY is down. |
| ChartMill Relative Strength | 72.54 | POSITIVE | SPY has a high relative strength, it outperformed 72.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SPY is below 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) | 41.33 | NEUTRAL | The RSI value for SPY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.12 | NEGATIVE | The MACD value suggests SPY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.55 | OVERSOLD | The low Stochastics value suggests SPY may be oversold. |
| Average True Range in percent/ATR (20) | 1.41 | LOW VOLATILITY | The low ATR as a percentage value for SPY suggests low volalility. |
| Average Directional Index/ADX (14) | 17.09 | NEGATIVE | The low ADX value for SPY suggests a weak or negative trend. |
659.03
+6.5 (+1%)
SPDR S&P 500 ETF TRUST / SPY FAQ
Can you provide the ChartMill technical rating for SPDR S&P 500 ETF TRUST?
ChartMill assigns a technical rating of 4 / 10 to SPY.
Can you provide the trend direction for SPDR S&P 500 ETF TRUST?
The current trend direction for SPDR S&P 500 ETF TRUST (SPY) is Bullish.
What is the RSI signal for SPY stock?
SPDR S&P 500 ETF TRUST (SPY) has an RSI value of 41.326. This indicates that the stock is currently neutral.
What is the MACD signal for SPDR S&P 500 ETF TRUST (SPY) stock?
The MACD indicator for SPDR S&P 500 ETF TRUST (SPY) has a value of -3.11545, indicating a bearish trend.
What is the short term momentum for SPY stock?
The short term momentum for SPDR S&P 500 ETF TRUST (SPY) is negative.