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Stock Charts AI Power Rank: 6.9
Power Rank trend -> Falling
07/26/2024 16:29:00 EST
SPDR S&P 500 ETF Trust (SPY)
Industry:
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, SPY has been trading in a range between $564.86 and $544.22 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
The AI powered stock chart is in a Red zone currently. We would avoid this stock.
Upside / Downside Potential
$SPY entered a Red zone 3 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $, a potential down side of NAN% from the recent price of 0.00. The stock is trading NAN% (potential upside) below its 52 week high of $0.00 and NAN % (potential downside) above its 52 week low of $0.00 - based on the recent price.
Company Summary
The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the "Portfolio"), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index. .
News
| S&P 500 Snapshot: Index Falls for Second Straight Week For the first time in over three months, the S&P 500 fell for a second straight week as it finished down 0.83% from last Friday. The index is currently up 16.10% year to date and has recorded a new all-time high 38 times this year. Source: ETF Trends Fri, 26 Jul 2024 17:40:27 -0400 Sentiment: Negative |
| Market Turmoil: 12 Blue-Chips To Buy If The Market Keeps Dropping The market has been running hot in 2024, with S&P 500 up 13.9% year-to-date. Market experienced its first 2% or more pullback in 356 trading days, yesterday. Investors should be cautious with earnings season in full-swing amidst sky-high expectations and lofty valuations. Source: Seeking Alpha Thu, 25 Jul 2024 14:14:13 -0400 Sentiment: Positive |
| SPY: Don't Be The 'Greater Fool' The inverted yield curve in recent months hasn't led to a recession yet, possibly due to big tech companies' influence and other reasons. However, the leading economic indicators are worsening - never before have the LEIs declined for so long without a recession. Source: Seeking Alpha Thu, 25 Jul 2024 08:30:21 -0400 Sentiment: Negative |
| These 3 Simple ETFs Could Turn $500 a Month Into $1.5 Million A simple, low-fee S&P 500 index fund can be all you need to build wealth for retirement. You might want to deploy some of your long-term dollars into potential faster growers. Source: The Motley Fool Thu, 25 Jul 2024 06:40:00 -0400 Sentiment: Positive |
| SPY: Good, But Not The Best SPY ETF is an index fund loved by many for good reasons. However, I do believe that the S&P 500 has several hurdles to cross given the current economic situation. In addition, there are many alternatives to SPY ETF which offer more portfolio diversification and/or cost efficiency. Source: Seeking Alpha Wed, 24 Jul 2024 12:11:44 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 565.16 52 Week Low: 404.9887 Beta: 1 50 Day MA: 541.913 200 Day MA: 496.2064 Earnings / Revenue Trends Qtr Earnings Growth YOY: Qtr Revenue Growth YOY: Forward PE: Trailing PE: