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- 3/21/2025 -
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SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overbought
Daily :Williams' Percentage Range is overboughtLane's Stochastic bearish divergencePrice is close to the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARBullish Matching Low CandlestickThe price touches the upper Bollinger Band
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It was a first positive week for the SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB). During the week, the SPIB climbed 0.17 points, or 0.51%, and closed at 33.19 on Friday, March 21, 2025. Weekly volume was 43% above 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 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 31.18 and resistance is at 34.14. 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 uptrend had started on January 13, 2025 at 32.49 and reached 33.29 on March 20, 2025. SPIB gained -0.80 points, or -2.46%, in 9 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 33.08 and resistance is at 33.49. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See SPIB weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since February 28, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 March 13, 2025 at 32.92 and reached 33.29 on March 20, 2025. SPIB gained -0.37 points, or -1.12%, in 7 days. The price is now at the 27.03% retracement level.

Daily Technical Indicators: [See SPIB daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 touches the upper 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.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.

Candlestick pattern: [See SPIB candlestick chart pattern]
On Friday the chart has formed a Bullish Matching Low Candlestick pattern. This pattern occurs in a downtrend. The pattern suggests a short-term support, and it is a possible reversal signal. The reliability of the Bullish Matching Low Candlestick pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Matching Low Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.69
Williams' Percentage Range (W%R) 18.90
Overbought
Lane's Stochastic (%D-Slow) 62.31
Bearish
Greed/Fear Indicator (GFI) 63.70
Moving Average Converg./Diverg. (MACD) 0.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.35
Williams' Percentage Range (W%R) 15.10
Overbought
Lane's Stochastic (%D-Slow) 80.26
Overbought
Greed/Fear Indicator (GFI) 74.14
Moving Average Converg./Diverg. (MACD) 0.00
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 34.14
Weekly Trendline Resistance 33.49
Upper Bollinger Band 33.25
Weekly Stochastic Crossing 33.19
Price 33.19
Daily Stochastic Crossing 33.18
20 Day Moving Average 33.13
Weekly Trendline Support 33.08
50 Day Moving Average 32.96
Lower Bollinger Band 32.92
Parabolic System 32.92
Quarterly Trendline Support 31.18
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 32.92
Low Date 03/13/2025
High 33.29
High Date 03/20/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 33.49
Support 33.08
Low 32.49
Low Date 01/13/2025
High 33.29
High Date 03/20/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.86
High Date 09/23/2024
Low 32.49
Low Date 01/13/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 34.14
Support 31.18
Low 30.69
Low Date 10/21/2022
High 33.86
High Date 09/23/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 37.19
High Date 12/31/2020
Low 30.69
Low Date 10/21/2022
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.