The Greedy Trader Weekly Analysis
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- 5/22/2026 -
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SPDRs (SPY) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are strongly overboughtTrend resistance at 730.33
Daily :Williams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaDaily  MACD line has moved below its signal line
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It was a eighth positive week after 5 consecutive negative weeks for the SPDRs (SPY). During the week, the SPY climbed 6.47 points, or 0.88%, and closed at 745.64 on Friday, May 22, 2026. Weekly volume was -39% below average.

Long-term trend: [See SPY long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 348.12 and reached 749.53 on May 14, 2026. SPY gained -401.41 points, or -115.31%, in 187 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (730.33). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See SPY medium-term trend chart]
A medium-term uptrend had started on March 30, 2026 at 629.28 and reached 749.53 on May 14, 2026. SPY gained -120.25 points, or -19.11%, in 6 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 736.71 and resistance is at 765.08. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See SPY weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 24, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See SPY short-term trend chart]
A short-term downtrend had started on May 14, 2026 at 749.53 and reached 731.53 on May 19, 2026. SPY lost 18.00 points, or 2.40%, in 5 days. The price is now at the 78.39% retracement level.

Daily Technical Indicators: [See SPY daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.84
Williams' Percentage Range (W%R) 8.00
Strong Overbought
Lane's Stochastic (%D-Slow) 52.91
Greed/Fear Indicator (GFI) 72.25
Moving Average Converg./Diverg. (MACD) 13.31
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.30
Williams' Percentage Range (W%R) 2.70
Strong Overbought
Lane's Stochastic (%D-Slow) 95.87
Strong Overbought
Greed/Fear Indicator (GFI) 84.20
Overbought
Moving Average Converg./Diverg. (MACD) 11.13
Trading Signals
Description Value Chart
Weekly Trendline Resistance 765.08
Upper Bollinger Band 752.58
Price 745.64
Weekly Stochastic Crossing 744.59
Daily Stochastic Crossing 741.19
Weekly Trendline Support 736.71
20 Day Moving Average 731.58
Parabolic System 730.80
Quarterly Trendline Resistance 730.33
Lower Bollinger Band 706.46
50 Day Moving Average 696.68
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 749.53
High Date 05/14/2026
Low 731.53
Low Date 05/19/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 765.08
Support 736.71
Low 629.28
Low Date 03/30/2026
High 749.53
High Date 05/14/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 481.80
Low Date 04/07/2025
High 749.53
High Date 05/14/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 730.33
Support 543.85
Low 348.12
Low Date 10/13/2022
High 749.53
High Date 05/14/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 67.10
Low Date 03/06/2009
High 749.53
High Date 05/14/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.