SS SPDR S&P 500 ETF TRUST-US (SPY) Technical Analysis
NYSEARCA:SPY • US78462F1030
Current stock price
SPY Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to SPY. SPY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- 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 84703600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, SPY outperforms 66% of them, which is more or less in line with the market.
- In the last month SPY has a been trading in a tight range between 661.36 and 693.68.
SPY Weekly and Daily overview Charts
SPY Setup Rating and Analysis
Although the technical rating is bad, SPY does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 662.28, a Stop Loss order could be placed below this zone.
More info and screens
SPY Support and Resistance Analysis
490.21
3 important support areas can be observed.
- A support zone ranging from 658.05 to 662.28. 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.
We found 1 important resistance area.
- A resistance zone ranging from 674.83 to 695.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
SPY Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for SPY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SPY is down. |
| ChartMill Relative Strength | 66.62 | NEUTRAL | SPY is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of SPY is below a declining 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) | 40.52 | NEUTRAL | The RSI value for SPY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.88 | NEGATIVE | The MACD value suggests SPY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.78 | OVERSOLD | The low Stochastics value suggests SPY may be oversold. |
| Average True Range in percent/ATR (20) | 1.42 | LOW VOLATILITY | The low ATR as a percentage value for SPY suggests low volalility. |
| Average Directional Index/ADX (14) | 27.83 | POSITIVE | The high ADX value value for SPY suggests a strong trend. |
SPY Chart- and CandleStick Pattern Analysis
SPY Technicals: Chart, Performance Metrics, Trend & Indicators
669.03
+6.74 (+1.02%)
SS SPDR S&P 500 ETF TRUST-US / SPY TA FAQ
Can you provide the ChartMill technical rating for SS SPDR S&P 500 ETF TRUST-US?
ChartMill assigns a technical rating of 1 / 10 to SPY.
What is the current trend direction of SS SPDR S&P 500 ETF TRUST-US (SPY) stock?
The current trend direction for SS SPDR S&P 500 ETF TRUST-US (SPY) is Bearish.
Can you provide the RSI signal for SS SPDR S&P 500 ETF TRUST-US?
SS SPDR S&P 500 ETF TRUST-US (SPY) has an RSI value of 40.5228. This indicates that the stock is currently neutral.
What is the short term momentum for SS SPDR S&P 500 ETF TRUST-US (SPY) stock?
The short term momentum for SS SPDR S&P 500 ETF TRUST-US (SPY) is negative.
Can you provide the support and resistance levels for SS SPDR S&P 500 ETF TRUST-US?
SS SPDR S&P 500 ETF TRUST-US (SPY) has a support level at 662.28 and a resistance level at 674.83. Check the full technical report for our detailed analysis of SPY support and resistance levels.