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Archive
- 11/6/2026 -
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SPDRs (SPY) Technical Analysis
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| Summary:
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| | It was the negative week for the SPDRs (SPY). During the week, the SPY dropped -20.43 points, or -2.70%, and closed at 735.29 on Friday, November 6, 2026. SPY was trading at average weekly trading volume.
 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 trend support level is at 568.72 and resistance is at 774.51. 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 long-term trend.
 Medium-term trend: [See SPY medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 481.80 and reached 781.62 on October 6, 2026. SPY gained -299.82 points, or -62.23%, in 78 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 705.98 and resistance is at 799.47. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 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. 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 732.71 on November 5, 2026. SPY lost 48.91 points, or 6.26%, in 30 days. The chart has formed a Broadening Descending Wedge chart pattern.
 Daily Technical Indicators: [See SPY daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily 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 links to access Lane's Stochastic and 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. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
 Candlestick pattern: [See SPY candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.
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