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     Tue. Jul. 8, 2003

Trading Signals: SPY Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Fri. Jun. 14, 2024)

(SPDR S&P 500 ETF Trust)

SPY latest price $101.1500 (0.45%) ($100.1700 - $101.2900) on Tue. Jul. 8, 2003.


Trend Analysis and Forecast
 
Average Daily Percentage Swing  1.05% (three month average)
RSI   45
Latest Price   $101.1500(0.45%)
Stocks Behave Similarly  Similar Stock List
Top Holdings  Top Holding List
Daily Trend  SPY advances 0.7% a day on average for past five trading days.
Weekly Trend  SPY declines -0.1% a week on average for past two weeks.
Market Behavior  Normal for large cap. Normal for small cap.
Correlated ETFs  Broad market will support SPY advance at 0% a week (0% probability)
  QQQ(91%)    IWM(89%)    XLK(89%)    XLY(87%)    EEM(82%)  
Factors Impacting SPY price  SPY will decline at least -0.525% in a week (0% probabilities).
  TLT(-33%)    SHY(-21%)    REMX(1%)    LQD(17%)    OIH(64%)  
Explanation   The rally is not sustainable and not supported by the broad market.
 
 
Relative Volatility   (options are extremely cheap)
 
Market Trend Strength  -0.525% (StdDev 1.05%)
Hourly BBV   0 ()
Intraday Trend   0.6%
  
 

  


5 Day Moving Average  $99.78(1.37%)
10 Day Moving Average  $98.96(2.21%)
20 Day Moving Average  $99.55(1.61%)
To recent high  -0.5%
To recent low  16.2%
Market Cap  $N/A
 
Average Volume   million
BBV (position on Bollinger band)  1.2
One Month Target Price  > $101.15
(if BBV positive, VIX trend negative.)
Correction Price  < $95.84
 
CFTC S&P 500 speculative net positions  37.8000 k (Sat. Apr. 25, 2020) Increase
Fed Fund Rate  % ()
Yield Curve   (0)
Credit Spread   (0)
 

$. The price is -0.5% to new high. In the past, the price will move at least 10% above the recent low once it hits new high. Now it's -5.7% away from the target price of 101.15.
$. SPY price fluctuates within 1.33% (three month std-dev: 1.05%) daily (68% of days).

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