14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis AI Analysis of SPY
Powered by GPT-4o
Stock Analysis
Risk Assessment
Trading Strategy
PDF

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 SPY ETF price decreased by -0.219% on the most recent trading day (Monday, 4th Nov 2024), moving from $571.04 to $569.79. Throughout the last trading day, the ETF experienced a fluctuation of 0.81%, with a low of $567.90 and a high of $572.50. The price has seen a decline in 6 out of the last 10 days, resulting in an overall decrease of -2.37% during this timeframe. Volume also dropped on the last day alongside the ETF, which is considered a positive indicator as volume should typically align with ETF movements. On the last trading day, the trading volume decreased by -5 million shares, resulting in a total of 33 million shares exchanged, amounting to approximately $19.04 billion.

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

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

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


# Declaration Date 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

What is the symbol for SPY ETF and on which exchange is it traded?
The symbol for SPY is SPY and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell SPY ETF?
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.

How to buy SPY ETF?
SPY ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy SPY ETF.

What's the current price of SPY ETF?
As of the end of day on the Nov 04, 2024, the price of an SPY (SPY) share was $569.79.

What is the 52-week high and low for SPY ETF?
The 52-week high for SPY ETF is $586.12 and the 52-week low is $433.40.

What is the market capitalization of SPY ETF?
As of the Nov 04, 2024, the market capitalization of SPY is 522.943B.
Click to get the best stock tips daily for free!
ABOUT SPDR S&P 500 ETF
The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the â??Portfolioâ?�), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index....
GOLDEN STAR
Ticker Change Signal Date
I
INST
$23.52
0.170% Oct 29
NBIX
$116.19
3.74% Oct 29
W
WTW
$292.18
3.64% Oct 29
EQC
$19.81
0.227% Oct 28
REG
$71.75
0.739% Oct 28

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE