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Archive
- 4/17/2025 -
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SPDRs (SPY) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was the negative week for the SPDRs (SPY). During the week, the SPY dropped -7.49 points, or -1.40%, and closed at 526.41 on Thursday, April 17, 2025. Weekly volume was 34% above 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 613.20 on February 19, 2025. SPY gained -265.08 points, or -76.15%, in 122 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 495.34 and resistance is at 629.28. 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 downtrend had started on February 19, 2025 at 613.20 and reached 481.80 on April 7, 2025. SPY lost 131.40 points, or 21.43%, in 6 weeks. The price is now at the 33.95% 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 December 27, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend 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 April 7, 2025 at 481.80 and reached 548.60 on April 9, 2025. SPY gained -66.80 points, or -13.86%, in 2 days. The price is now at the 33.22% retracement level.
Daily Technical Indicators: [See SPY daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.
The distance between the Bollinger Bands is 192.48% higher then one year average. It indicates the period of high volatility of the stock price. 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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