SS SPDR S&P 500 ETF TRUST-US (SPY) Technical Analysis
NYSEARCA:SPY • US78462F1030
Current stock price
SPY Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to SPY. SPY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 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 90708700 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 63% of all stocks.
- In the last month SPY has a been trading in the 629.28 - 683.36 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SPY Weekly and Daily overview Charts
SPY Setup Rating and Analysis
SPY has a poor technical rating and the quality of the setup is also not perfect 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
SPY Support and Resistance Analysis
615.50
When analyzing the support we can see 2 important areas.
- A support zone ranging from 631.96 to 637.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @621.72 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 659.00 to 676.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 687.39 to 695.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
SPY Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for SPY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SPY is down. |
| ChartMill Relative Strength | 63.61 | NEUTRAL | SPY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SPY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SPY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.87 | NEUTRAL | The RSI value for SPY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests SPY has a positive trend. |
| Stochastics (14,3) | 54.3 | NEUTRAL | The Stochastics value for SPY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for SPY suggests low volalility. |
| Average Directional Index/ADX (14) | 39.46 | POSITIVE | The high ADX value value for SPY suggests a strong trend. |
SPY Chart- and CandleStick Pattern Analysis
SPY Technicals: Chart, Performance Metrics, Trend & Indicators
655.83
+0.59 (+0.09%)
SS SPDR S&P 500 ETF TRUST-US / SPY TA FAQ
Can you provide the ChartMill technical rating for SS SPDR S&P 500 ETF TRUST-US?
ChartMill assigns a technical rating of 1 / 10 to SPY.
What is the trend direction for SPY stock?
The current trend direction for SS SPDR S&P 500 ETF TRUST-US (SPY) is Bearish.
What is the RSI signal for SS SPDR S&P 500 ETF TRUST-US (SPY) stock?
SS SPDR S&P 500 ETF TRUST-US (SPY) has an RSI value of 45.869. This indicates that the stock is currently neutral.
What is the MACD signal for SPY stock?
The MACD indicator for SS SPDR S&P 500 ETF TRUST-US (SPY) has a value of 0.293498, indicating a bearish trend.
What is the buy/sell signal for SPY stock?
The buy/sell signal for SS SPDR S&P 500 ETF TRUST-US (SPY) is sell as both the short term and long term trends are negative.