SPY ETF Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy signal from moving average indicating potential upward movement.
Sell Signal (MA)
Sell signal from moving average indicating potential downward movement.
Stock Analysis |
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Risk Assessment |
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Trading Strategy |
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SPY ETF price ended at $569.79 on Monday, after losing 0.219%
(Updated on Nov 04, 2024)
Sell candidate since Oct 31, 2024
Gain 0.22%
The ETF lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $564.79 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 8.74% during the next 3 months and, with a 90% probability hold a price between $614.13 and $644.56 at the end of this 3-month period.
SPY Signals & Forecast
There are few to no technical positive signals at the moment. The SPY ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $575.86 and $574.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, October 18, 2024, and so far it has fallen -2.53%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for SPY ETF
SPY finds support from accumulated volume at $554.42 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 stock. During the last day, the ETF moved $4.60 between high and low, or 0.81%. For the last week the ETF has had daily average volatility of 0.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SPY) For The Upcoming Trading Day Of Tuesday 5th
For the upcoming trading day on Tuesday, 5th we expect SPDR S&P 500 ETF to open at $570.06, and during the day (based on 14 day Average True Range), to move between $564.19 and $575.39, which gives a possible trading interval of +/-$5.60 (+/-0.98%) up or down from last closing price. If SPDR S&P 500 ETF takes out the full calculated possible swing range there will be an estimated 1.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $570.98 (0.21%) than the support at $554.42 (2.70%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is SPDR S&P 500 ETF ETF A Buy?
The SPY ETF holds several negative signals and despite the positive trend, we believe SPY will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.593 Sell Candidate Unchanged
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Predicted Fair Opening Price
Predicted fair opening price on November 5, 2024 - $570.06 ( 0.0480%).Trading levels for SPY
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 574.66 | 0.86% |
R2 | 572.91 | 0.547% |
R1 | 571.82 | 0.356% |
Price | 569.79 | |
S1 | 568.31 | -0.260% |
S2 | 567.22 | -0.451% |
S3 | 565.46 | -0.759% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 579.94 | 1.78% |
R2 | 573.86 | 0.714% |
R1 | 570.98 | 0.209% |
Price | 569.79 | |
S1 | 554.42 | -2.70% |
S2 | 522.03 | -8.38% |
S3 | 517.38 | -9.20% |
SPY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2024 | Mar 15, 2024 | Apr 30, 2024 | $1.59 | 0.318% |
2 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $1.91 | 0.406% |
3 | Jan 19, 2023 | Sep 15, 2023 | Oct 31, 2023 | $1.58 | 0.379% |
4 | Jan 19, 2023 | Jun 16, 2023 | Jul 31, 2023 | $1.64 | 0.358% |
5 | Jan 19, 2023 | Mar 17, 2023 | Apr 28, 2023 | $1.51 | 0.362% |
FAQ
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