SPDR S&P 500 ETF TRUST (SPY) Stock Technical Analysis
NYSEARCA:SPY - NYSE Arca - US78462F1030 - ETF - Currency: USD
Taking everything into account, SPY scores 8 out of 10 in our technical rating. 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.
Both the short term and long term trends are positive. This is a very positive sign.
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 69996700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, SPY turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
In the last month SPY has a been trading in a tight range between 591.89 and 626.87.
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
632.09
We found 5 important support areas.
- A support zone ranging from 611.47 to 621.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 594.27 to 598.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @584.59 from a horizontal line in the daily time frame.
- Support @522.94 from a trend line in the weekly 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 625.35 to 625.83. 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 | 68.22 | NEUTRAL | SPY is not amongst the best or worst performers 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) | 67.5 | NEUTRAL | The RSI value for SPY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests SPY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.75 | OVERBOUGHT | The high Stochastics value suggests SPY may be overbought. |
| Average True Range in percent/ATR (20) | 0.86 | LOW VOLATILITY | The low ATR as a percentage value for SPY suggests low volalility. |
| Average Directional Index/ADX (14) | 26.26 | POSITIVE | The high ADX value value for SPY suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 625.84 | 610.82 | 15.02 (2.40%) | 25.00% |
| An entry @625.84. This is a Buy Stop order right above the resistance zone. | An exit @610.82. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 15.02 points, which is 2.40%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.60%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
623.62
-2.2 (-0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.35%
1 Week-0.28%
2 Weeks1.92%
1 Month3.7%
3 Month16.8%
6 Month7.43%
12 Month11.36%
2 Year36.22%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.01
ATR(20)%0.86%
ATR Inc-22.16%
Range Today3.33
ADR(20)4.59
ADR(20)%0.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.22
Mansfield0
10 Day High626.87
10 Day Low610.83
20 Day High626.87
20 Day Low591.89
52 Week High626.87
52 Week Low481.8
CS1 End621.66
CR1 Start625.35
Volume & EV
DER(3)-0.56%
DER(5)-0.31%
Volume63.67M
Volume Incr-14.39%
Vol(5)64.23M
Vol(50)70.00M