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Archive
- 6/6/2025 -
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SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) Technical Analysis
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| Summary:
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| | It was the negative week for the SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB). During the week, the SPIB gave back -0.23 points, or -0.69%, and closed at 33.03 on Friday, June 6, 2025. It was the worst weekly loss since April 11, 2025. SPIB was trading at average weekly trading volume.
 Long-term trend: [See SPIB long-term trend chart]
A long-term uptrend had started on October 21, 2022 at 30.69 and reached 33.86 on September 23, 2024. SPIB gained -3.17 points, or -10.33%, in 100 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 31.22 and resistance is at 34.27. 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 SPIB medium-term trend chart]
A medium-term downtrend had started on September 23, 2024 at 33.86 and reached 32.38 on April 11, 2025. SPIB lost 1.48 points, or 4.37%, in 28 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 32.31 and resistance is at 33.22. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See SPIB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since May 23, 2025. 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 SPIB short-term trend chart]
A short-term uptrend had started on April 11, 2025 at 32.38 and reached 33.32 on April 30, 2025. SPIB gained -0.94 points, or -2.90%, in 19 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (33.30) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a short-term trend.
Daily Technical Indicators: [See SPIB daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 link to access Lane's Stochastic help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
A Parabolic SAR (stop and reversal) indicator (33) comes close to the price (33.03). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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 price 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.
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