| SPY latest price $389.9400 (3.14%) ($381.3650 - $390.0900) on Fri. Jun. 24, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.77% (three month average) |
RSI | 37 |
Latest Price | $389.9400(3.14%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | SPY advances 1.2% a day on average for past five trading days. |
Weekly Trend | SPY declines -4% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support SPY advance at 0% a week (0% probability) IVW(97%) IWF(97%) IVE(94%) IWD(94%) DIA(93%) |
Factors Impacting SPY price | SPY will decline at least -0.885% in a week (0% probabilities). VIXM(-28%) UUP(-23%) TBT(-11%) VXX(-5%) UNG(10%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.885% (StdDev 1.77%) |
Hourly BBV | 1.6 () |
Intraday Trend | 2.2% |
| |
|
|