Sign In
The SPY ETF price fell by -0.271% on the last day (Friday, 21st Mar 2025) from $565.49 to $563.96. During the last trading day the ETF fluctuated 1.22% from a day low at $558.03 to a day high of $564.84. The price has fallen in 6 of the last 10 days and is down by -2.06% for this period. Volume has increased on the last day by 21 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 83 million shares were bought and sold for approximately $47.07 billion.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled.Given the current short-term trend, the ETF is expected to fall -4.53% during the next 3 months and, with a 90% probability hold a price between $523.68 and $574.85 at the end of this 3-month period.
There are mixed signals in the ETF today. The SPY ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the ETF. On further gains, the ETF will meet resistance from the long-term Moving Average at $587.20. On a fall, the ETF will find some support from the short-term average at $562.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. A buy signal was issued from a pivot bottom point on Thursday, March 13, 2025, and so far it has risen 2.27%. Further rise is indicated until a new top pivot has been found.
SPY finds support from accumulated volume at $560.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $6.81 between high and low, or 1.22%. For the last week, the ETF has had daily average volatility of 1.33%.
SPY holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Check full SPY forecast and analysis here.
