The Greedy Trader Weekly Analysis
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- 10/23/2026 -
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SPDRs (SPY) Technical Analysis

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Summary:
Weekly :Trend resistance at 770.71
Daily :Williams' Percentage Range is oversold
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It was the negative week for the SPDRs (SPY). During the week, the SPY gave back -3.28 points, or -0.43%, and closed at 759.97 on Friday, October 23, 2026. Weekly volume was -41% 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 781.62 on October 6, 2026. SPY gained -433.50 points, or -124.53%, in 207 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (770.71). 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 781.62 on October 6, 2026. SPY gained -152.34 points, or -24.21%, in 27 weeks. The price is now at the 14.21% retracement level.

Weekly Technical Indicators: [See SPY weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since September 4, 2026. The distance between MACD and the signal line is low, but getting bigger. 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 October 6, 2026 at 781.62 and reached 758.68 on October 23, 2026. SPY lost 22.94 points, or 2.93%, in 17 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See SPY daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since October 14, 2026. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.90
Williams' Percentage Range (W%R) 94.70
Strong Oversold
Lane's Stochastic (%D-Slow) 33.26
Greed/Fear Indicator (GFI) 25.15
Moving Average Converg./Diverg. (MACD) 1.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.00
Williams' Percentage Range (W%R) 33.40
Lane's Stochastic (%D-Slow) 72.43
Greed/Fear Indicator (GFI) 64.28
Moving Average Converg./Diverg. (MACD) 18.33
Trading Signals
Description Value Chart
Upper Bollinger Band 780.89
Parabolic System 773.20
Weekly Stochastic Crossing 771.98
Quarterly Trendline Resistance 770.71
20 Day Moving Average 770.15
50 Day Moving Average 767.81
Daily Stochastic Crossing 764.65
Price 759.97
Lower Bollinger Band 756.75
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 781.62
High Date 10/06/2026
Low 758.68
Low Date 10/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 629.28
Low Date 03/30/2026
High 781.62
High Date 10/06/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 481.80
Low Date 04/07/2025
High 781.62
High Date 10/06/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 770.71
Support 566.58
Low 348.12
Low Date 10/13/2022
High 781.62
High Date 10/06/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 67.10
Low Date 03/06/2009
High 781.62
High Date 10/06/2026
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.