Tradr 2X Long SPY Weekly ETF (SPYB) Stock Technical Analysis
USA - NASDAQ:SPYB - US46144X3623 - ETF
28.205 USD
+0 (+0.02%)
We assign a technical rating of 4 out of 10 to SPYB. In the last year, SPYB was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
100% of all other stocks performed better in the past year than SPYB.
Warning: SPYB has an average volume of 4266 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month SPYB has a been trading in the 26.65 - 28.34 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, SPYB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 28.33. Right above this resistance zone may be a good entry point.
More info and screens
24.94
28.67
We found 4 important support areas.
- A support zone ranging from 27.45 to 28.00. 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 26.51 to 26.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.84 to 25.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.19 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 28.33 to 28.39. 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 SPYB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPYB is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | SPYB has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SPYB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SPYB is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 57.36 | NEUTRAL | The RSI value for SPYB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SPYB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.12 | OVERBOUGHT | The high Stochastics value suggests SPYB may be overbought. |
| Average True Range in percent/ATR (20) | 1.28 | LOW VOLATILITY | The low ATR as a percentage value for SPYB suggests low volalility. |
| Average Directional Index/ADX (14) | 8.9 | NEGATIVE | The low ADX value for SPYB suggests a weak or negative 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)
NASDAQ:SPYB (2/21/2025, 8:00:02 PM)
28.205
+0 (+0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.02%
1 Week-0.13%
2 Weeks0.9%
1 Month-0.46%
3 Month3.03%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%1.28%
ATR Inc-87.72%
Range Today0.07
ADR(20)0.25
ADR(20)%0.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High28.32
10 Day Low27.44
20 Day High28.34
20 Day Low26.65
52 Week HighN/A
52 Week LowN/A
CS1 End28
CR1 Start28.33
Volume & EV
DER(3)0%
DER(5)0%
Volume5.10K
Volume Incr130.86%
Vol(5)7.48K
Vol(50)4.27K