Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

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 of SPY
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SPY ETF upgraded from Buy Candidate to Strong Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Nov 02, 2023 Gain 21.47% PDF

The SPY ETF price gained 0.84% on the last trading day (Wednesday, 27th Mar 2024), rising from $518.81 to $523.16. During the last trading day the ETF fluctuated 0.716% from a day low at $519.49 to a day high of $523.21. The price has been going up and down for this period, and there has been a 1.39% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 million more shares were traded than the day before. In total, 69 million shares were bought and sold for approximately $36.12 billion.

The ETF lies in the middle of a narrow and strong 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 11.48% during the next 3 months and, with a 90% probability hold a price between $577.08 and $588.39 at the end of this 3-month period.

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SPY Signals & Forecast

The SPY ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. 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 $520.19 and $509.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 31, 2024, and so far it has risen 8.33%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for SPY ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $494.08 and $482.91. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, SPY finds support just below today's level at $494.08. If this is broken, then the next support from accumulated volume will be at $482.91 and $468.79.

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 $3.72 between high and low, or 0.716%. For the last week the ETF has had daily average volatility of 0.464%.

Our recommended stop-loss: $503.49 (-3.76%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 39 days ago.)

Trading Expectations (SPY) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect SPDR S&P 500 ETF to open at $521.95, and during the day (based on 14 day Average True Range), to move between $518.82 and $527.50, which gives a possible trading interval of +/-$4.34 (+/-0.83%) 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 1.66% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $494.08, some $29.08 (5.56%) from the current price of $523.16, our system finds the risk reward attractive.

Is SPDR S&P 500 ETF ETF A Buy?

SPY holds several positive signals and is within a strong 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.

Current score: 5.021 Strong Buy Candidate Upgraded

Predicted Opening Price for SPDR S&P 500 ETF of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$521.95 ( 0.231%) $523.16

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SPY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 525.67 0.480 %
R2 524.25 0.209 %
R1 523.37 0.0410 %
Current price: 523.16
Support S1 520.53 -0.502 %
S2 519.65 -0.670 %
S3 518.23 -0.94 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 523.16
Support S1 494.08 -5.56%
S2 482.91 -7.69%
S3 468.79 -10.39%

SPY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 15, 2024 Mar 15, 2024 Apr 30, 2024 $1.59 0.305%
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?
SPY holds several positive signals and is within a strong 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.

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 2024-03-27, the price of an SPY (SPY) share was $523.16.

What is the 52-week high and low for SPY ETF?
The 52-week high for SPY ETF is $524.11 and the 52-week low is $393.69.

What is the market capitalization of SPY ETF?
As of the 2024-03-27, the market capitalization of SPY is 480.147B.
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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.... SPY Profile

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