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Archive
- 8/7/2026 -
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SPDRs (SPY) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the SPDRs (SPY). During the week, the SPY gained 26.23 points, or 3.51%, and closed at 773.26 on Friday, August 7, 2026. It was the best weekly gain since April 17, 2026. Weekly volume was -29% 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 776.85 on August 5, 2026. SPY gained -428.73 points, or -123.16%, in 198 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (555.00) 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 776.85 on August 5, 2026. SPY gained -147.57 points, or -23.45%, in 18 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (728.87) 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 medium-term trend.
 Weekly Technical Indicators: [See SPY weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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, Relative Strength Index and Williams' Percentage Range help.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 June 26, 2026 at 716.58 and reached 776.85 on August 5, 2026. SPY gained -60.27 points, or -8.41%, in 40 days. The price is now at the 5.96% retracement level.
 Daily Technical Indicators: [See SPY daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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