| SPY latest price $277.7600 (-2.12%) ($275.4600 - $279.5900) on Wed. Apr. 15, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.66% (three month average) |
RSI | 66 |
Latest Price | $277.7600(-2.12%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | SPY advances 0.9% a day on average for past five trading days. |
Weekly Trend | SPY advances 4.5% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SPY advance at 0% a week (0% probability) IVW(96%) IWF(94%) DIA(93%) IWD(91%) QQQ(91%) |
Factors Impacting SPY price | SPY will decline at least -1.83% in a week (0% probabilities). VIXM(-58%) UUP(-29%) VXX(-23%) TLT(-5%) IGOV(4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.83% (StdDev 3.66%) |
Hourly BBV | -0 () |
Intraday Trend | 0.1% |
| |
|
|