SPDR S&P 500 ETF upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session

The SPDR S&P 500 ETF price gained 1.54% on the last trading day (Friday, 22nd Aug 2025), rising from $635.55 to $645.31. During the last trading day the ETF fluctuated 1.45% from a day low at $637.26 to a day high of $646.50. The price has fallen in 6 of the last 10 days but is still up by 1.28% 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, 36 million more shares were traded than the day before. In total, 84 million shares were bought and sold for approximately $54.07 billion.

The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the ETF is expected to rise 9.85% during the next 3 months and, with a 90% probability hold a price between $698.57 and $720.68 at the end of this 3-month period.

Mostly positive signals in the chart today. 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 $641.50 and $632.58. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, August 21, 2025, and so far it has risen 1.54%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

SPDR S&P 500 finds support from accumulated volume at $632.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this ETF. During the last day, the ETF moved $9.25 between high and low, or 1.45%. For the last week the ETF has had daily average volatility of 0.87%.

SPDR S&P 500 holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.