The Greedy Trader Weekly Analysis
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Select Sector SPDR ETFs Technical Analysis - SPY

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- 4/4/2025 -
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SPDRs (SPY) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are oversold
Daily :Daily  MACD line has moved below its signal lineThe price is below the lower Bollinger BandThe period of high volatility of the stock price
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It was the negative week for the SPDRs (SPY). During the week, the SPY dropped -50.40 points, or -9.07%, and closed at 505.30 on Friday, April 4, 2025. Weekly volume was 122% 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 493.24 and resistance is at 625.75. 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 505.10 on April 4, 2025. SPY lost 108.10 points, or 17.63%, in 6 weeks. Price is near the trend low.

Weekly Technical Indicators: [See SPY weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 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 downtrend had started on March 25, 2025 at 576.40 and reached 505.10 on April 4, 2025. SPY lost 71.30 points, or 12.37%, in 10 days. Price is near the trend low.

Daily Technical Indicators: [See SPY daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands is 106.58% 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 23.02
Williams' Percentage Range (W%R) 73.90
Lane's Stochastic (%D-Slow) 30.02
Greed/Fear Indicator (GFI) 26.38
Moving Average Converg./Diverg. (MACD) -8.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.80
Williams' Percentage Range (W%R) 82.80
Oversold
Lane's Stochastic (%D-Slow) 18.79
Oversold
Greed/Fear Indicator (GFI) 24.41
Moving Average Converg./Diverg. (MACD) 8.23
Trading Signals
Description Value Chart
Upper Bollinger Band 589.97
50 Day Moving Average 582.69
Parabolic System 565.45
20 Day Moving Average 559.11
Lower Bollinger Band 530.83
Weekly Stochastic Crossing 525.76
Daily Stochastic Crossing 524.28
Price 505.30
Quarterly Trendline Support 493.24
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 567.40
High Date 04/02/2025
Low 505.10
Low Date 04/04/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 576.40
High Date 03/25/2025
Low 505.10
Low Date 04/04/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 613.20
High Date 02/19/2025
Low 505.10
Low Date 04/04/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 625.75
Support 493.24
Low 348.12
Low Date 10/13/2022
High 613.20
High Date 02/19/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 67.10
Low Date 03/06/2009
High 613.20
High Date 02/19/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.