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Archive
- 4/5/2024 -
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SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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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 -0.28 points, or -0.86%, and closed at 32.41 on Friday, April 5, 2024. It was the worst weekly loss since October 20, 2023. Weekly volume was -27% below average.
 Long-term trend: [See SPIB long-term trend chart]
A long-term uptrend had started on October 21, 2022 at 30.69 and reached 32.97 on February 1, 2024. SPIB gained -2.28 points, or -7.43%, in 66 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Medium-term trend: [See SPIB medium-term trend chart]
A medium-term uptrend had started on October 19, 2023 at 30.89 and reached 32.97 on February 1, 2024. SPIB gained -2.08 points, or -6.73%, in 15 weeks. The price is now at the 26.92% retracement level.
 Weekly Technical Indicators: [See SPIB weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 March 8, 2024 at 32.75 and reached 32.35 on April 2, 2024. SPIB lost 0.40 points, or 1.22%, in 25 days. The price is now at the 15.00% retracement level.
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.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 touches the lower Bollinger Band. 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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