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Archive
- 5/23/2025 -
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SPDRs (SPY) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the SPDRs (SPY). During the week, the SPY dropped -15.09 points, or -2.54%, and closed at 579.11 on Friday, May 23, 2025. Weekly volume was 37% 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 501.20 and resistance is at 639.09. 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 uptrend had started on April 7, 2025 at 481.80 and reached 595.54 on May 19, 2025. SPY gained -113.74 points, or -23.61%, in 6 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (579.55) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See SPY weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 May 19, 2025 at 595.54 and reached 575.60 on May 23, 2025. SPY lost 19.94 points, or 3.35%, in 4 days. The price is now at the 17.60% retracement level.
Daily Technical Indicators: [See SPY 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.
The daily MACD line is above its signal line since April 21, 2025. The distance between MACD and the signal line is low and getting smaller.
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.
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