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Archive
- 5/29/2026 -
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SPDRs (SPY) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a ninth positive week after 5 consecutive negative weeks for the SPDRs (SPY). During the week, the SPY gained 10.84 points, or 1.45%, and closed at 756.48 on Friday, May 29, 2026. Weekly volume was -40% 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 758.08 on May 29, 2026. SPY gained -409.96 points, or -117.76%, in 189 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (544.71) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken 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 758.08 on May 29, 2026. SPY gained -128.80 points, or -20.47%, in 8 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 743.24 and resistance is at 775.60. 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 uptrend had started on May 19, 2026 at 731.53 and reached 758.08 on May 29, 2026. SPY gained -26.55 points, or -3.63%, in 10 days. The price is now at the 6.03% retracement level.
Daily Technical Indicators: [See SPY daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index and Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since May 15, 2026. The distance between MACD and the signal line is low and getting smaller.
The price touches the upper Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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