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Archive
- 11/8/2024 -
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SPDRs (SPY) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the SPDRs (SPY). During the week, the SPY gained 27.20 points, or 4.76%, and closed at 598.20 on Friday, November 8, 2024. Weekly volume was -32% below average.
 Long-term trend: [See SPY long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 409.21 and reached 599.60 on November 8, 2024. SPY gained -190.39 points, or -46.53%, in 54 weeks. Price is near the trend high.
Medium-term trend: [See SPY medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 510.27 and reached 599.60 on November 8, 2024. SPY gained -89.33 points, or -17.51%, in 13 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See SPY weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 September 27, 2024. 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 SPY short-term trend chart]
A short-term uptrend had started on November 4, 2024 at 567.90 and reached 599.60 on November 8, 2024. SPY gained -31.70 points, or -5.58%, in 4 days. Price is near the trend high.
 Daily Technical Indicators: [See SPY 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.
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 has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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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