SPDR PORTFOLIO S&P 500 GROWT (SPYG) Stock Technical Analysis
NYSEARCA:SPYG - US78464A4094 - ETF
100.45 USD
-0.08 (-0.08%)
100.87 USD
+0.42 (+0.42%)
We assign a technical rating of 10 out of 10 to SPYG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SPYG is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SPYG is one of the better performing stocks in the market, outperforming 79% of all stocks. We also observe that the gains produced by SPYG over the past year are nicely spread over this period.
A new 52 week high is currently being made by SPYG, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
SPYG has an average volume of 2144580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SPYG has a been trading in a tight range between 97.06 and 101.40.
Besides having an excellent technical rating, SPYG also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 100.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 100.29, a Stop Loss order could be placed below this zone.
More info and screens
73.36
101.63
4 important support areas can be observed.
- A support zone ranging from 96.66 to 100.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @91.38 from a horizontal line in the daily time frame.
- Support @76.98 from a trend line in the weekly time frame.
- Support @74.10 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 100.46 to 100.62. 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 SPYG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPYG is up. |
| ChartMill Relative Strength | 79.07 | POSITIVE | SPYG has a high relative strength, it outperformed 79.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPYG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPYG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPYG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.63 | NEUTRAL | The RSI value for SPYG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests SPYG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 79.89 | NEUTRAL | The Stochastics value for SPYG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.12 | LOW VOLATILITY | The low ATR as a percentage value for SPYG suggests low volalility. |
| Average Directional Index/ADX (14) | 19.1 | NEGATIVE | The low ADX value for SPYG 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)
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 |
|---|---|---|---|
| 100.63 | 97.51 | 3.12 (3.10%) | 25.00% |
| An entry @100.63. This is a Buy Stop order right above the resistance zone. | An exit @97.51. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.12 points, which is 3.10%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.78%. |
- 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.
100.45
-0.08 (-0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.08%
1 Week-0.17%
2 Weeks2.54%
1 Month1.81%
3 Month9.87%
6 Month20.11%
12 Month31.46%
2 Year69.45%
3 Year100.5%
5 Year100.46%
10 Year330.93%
15 YearN/A
Volatility
ATR(14)1.23
ATR(20)%1.12%
ATR Inc26.3%
Range Today1.79
ADR(20)1.03
ADR(20)%1.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.07
Mansfield0.39
10 Day High101.4
10 Day Low97.52
20 Day High101.4
20 Day Low97.06
52 Week High101.4
52 Week Low68.65
CS1 End100.29
CR1 Start100.46
Volume & EV
DER(3)-0.23%
DER(5)-0.69%
Volume2.60M
Volume Incr11.63%
Vol(5)2.52M
Vol(50)2.14M