SPDR S&P 500 ETF TRUST (SPY) Stock Technical Analysis
USA - NYSEARCA:SPY - US78462F1030 - ETF
Taking everything into account, SPY scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SPY is showing a nice and steady performance.
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
We found 3 important support areas.
- A support zone ranging from 653.01 to 676.33. This zone is formed by a combination of multiple trend lines and important moving averages 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 679.84 to 687.40. 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 | 72.19 | POSITIVE | SPY has a high relative strength, it outperformed 72.19% off all stocks 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) | 59.63 | NEUTRAL | The RSI value for SPY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.31 | POSITIVE | The MACD value suggests SPY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.2 | OVERBOUGHT | The high Stochastics value suggests SPY may be overbought. |
| Average True Range in percent/ATR (20) | 1.15 | LOW VOLATILITY | The low ATR as a percentage value for SPY suggests low volalility. |
| Average Directional Index/ADX (14) | 18.94 | NEGATIVE | The low ADX value for SPY suggests a weak or negative trend. |
679.83
-7.56 (-1.1%)
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 9 / 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 59.6301. 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 1.31152, indicating a bullish trend.
What is the short term momentum for SPY stock?
The short term momentum for SPDR S&P 500 ETF TRUST (SPY) is positive.