SPDR S&P 500 ETF TRUST (SPY)
US78462F1030 - ETF
We assign a technical rating of 6 out of 10 to SPY. In the last year, SPY was one of the better performers, but we do observe some doubts in the very recent evolution.
When comparing the yearly performance of all stocks, we notice that SPY is one of the better performing stocks in the market, outperforming 77% of all stocks. We also observe that the gains produced by SPY over the past year are nicely spread over this period.
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 46767100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
In the last month SPY has a been trading in a tight range between 580.91 and 609.07.
SPY has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 577.99, a Stop Loss order could be placed below this zone.
More info and screens
527.56
613.90
When analyzing the support we can see 4 important areas.
- Support @577.99 from a horizontal line in the daily time frame.
- Support @564.86 from a horizontal line in the daily time frame.
- Support @548.73 from a trend line in the daily time frame.
- Support @532.89 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 588.15 to 607.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.86
Mansfield0
10 Day High606.41
10 Day Low580.91
20 Day High609.07
20 Day Low580.91
52 Week High609.07
52 Week Low468.3
Performance
1 Week-1.45%
2 Weeks-3.41%
1 Month-2.91%
3 Month2.29%
6 Month5.67%
12 Month25.25%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-1.96
RSI(14)40.18
LBB581.14
UBB612.76
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 |
|---|---|---|---|
| 593.46 | 580.90 | 12.56 (2.12%) | 25.00% |
| An entry @593.46. This is a Buy Stop order right above the 10 day moving average. | An exit @580.90. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 12.56 points, which is 2.12%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.53%. |
- 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.
SPDR S&P 500 ETF TRUST
NYSEARCA:SPY (12/31/2024, 8:04:00 PM)
Premarket: 591.85 +5.77 (+0.98%)586.08
-2.14 (-0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.36%
1 Week-1.45%
2 Weeks-3.41%
1 Month-2.91%
3 Month2.29%
6 Month5.67%
12 Month25.25%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.8
ATR(20)%1.08%
ATR Inc18.01%
Range Today6.22
ADR(20)5.62
ADR(20)%0.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.86
Mansfield0
10 Day High606.41
10 Day Low580.91
20 Day High609.07
20 Day Low580.91
52 Week High609.07
52 Week Low468.3
CS1 End577.99
CR1 Start588.15
Volume & EV
DER(3)-1.08%
DER(5)-0.23%
Volume57.05M
Volume Incr5.59%
Vol(5)50.62M
Vol(50)46.77M