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The SPDR S&P 500 ETF price gained 0.395% on the last trading day (Thursday, 29th May 2025), rising from $587.73 to $590.05. During the last trading day the ETF fluctuated 1.25% from a day low at $586.08 to a day high of $593.42. The price has risen in 6 of the last 10 days and is up by 0.43% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 69 million shares were bought and sold for approximately $40.71 billion.
The ETF lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $597.05 will firstly indicate a stronger rate of rising.Given the current short-term trend, the ETF is expected to rise 3.20% during the next 3 months and, with a 90% probability hold a price between $523.35 and $616.17 at the end of this 3-month period.
The SPDR S&P 500 ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the ETF. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $586.70 and $561.45. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 19, 2025, and so far it has fallen -0.82%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
On the downside, the ETF finds support just below today's level from accumulated volume at $548.62 and $505.28.There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, SPDR S&P 500 finds support just below today's level at $548.62. If this is broken, then the next support from accumulated volume will be at $505.28 and $504.38.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $7.33 (1.25%) between high and low. For the last week, the ETF has had daily average volatility of 1.00%.
SPDR S&P 500 holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Check full SPDR S&P 500 ETF forecast and analysis here.