SPY ETF price ended at $546.64 on Thursday, after gaining 2.10%

The SPY ETF price gained 2.10% on the last trading day (Thursday, 24th Apr 2025), rising from $535.42 to $546.64. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 2.09% from a day low at $535.45 to a day high of $546.64. The price has risen in 6 of the last 10 days but is still down by -0.36% for this period. Volume fell on the last day by -21 million shares and in total, 62 million shares were bought and sold for approximately $33.75 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

Given the current short-term trend, the ETF is expected to fall -14.75% during the next 3 months and, with a 90% probability hold a price between $408.68 and $465.98 at the end of this 3-month period. Do note, that if the ETF price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

A buy signal was issued from a pivot bottom point on Tuesday, April 08, 2025, and so far it has risen 10.10%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $548.30. On a fall, the ETF will find some support from the short-term average at $530.40. 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.

SPY finds support from accumulated volume at $524.58 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 $11.19 between high and low, or 2.09%. For the last week, the ETF has had daily average volatility of 1.67%.

SPY 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.