|
|
Archive
- 11/8/2024 -
Sign In to see current Signals. |
SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week for the SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB). During the week, the SPIB climbed 0.23 points, or 0.70%, and closed at 33.10 on Friday, November 8, 2024. It was the best weekly gain since August 2, 2024. Weekly volume was -21% below average.
 Long-term trend: [See SPIB long-term trend chart]
A long-term uptrend had started on October 19, 2023 at 30.89 and reached 33.86 on September 23, 2024. SPIB gained -2.97 points, or -9.61%, in 48 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (33.27) 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 long-term trend.
 Medium-term trend: [See SPIB medium-term trend chart]
A medium-term uptrend had started on April 16, 2024 at 31.98 and reached 33.86 on September 23, 2024. SPIB gained -1.88 points, or -5.88%, in 22 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (33.36) 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 medium-term trend.
 Weekly Technical Indicators: [See SPIB weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since October 18, 2024. Use the following link to access a MACD help.
 Short-term trend: [See SPIB short-term trend chart]
A short-term downtrend had started on September 23, 2024 at 33.86 and reached 32.84 on November 6, 2024. SPIB lost 1.02 points, or 3.01%, in 44 days. The chart has formed a Falling Channel chart pattern.
 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 rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.
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 price is close to 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.
Price is close to the 50 Day Moving Average. 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.
| |
|
|