| SPY latest price $472.0100 (0.33%) ($469.2500 - $473.7300) on Thu. Dec. 14, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 0.81% (three month average) |
RSI | 79 |
Latest Price | $472.0100(0.33%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | SPY advances 0.6% a day on average for past five trading days. |
Weekly Trend | SPY advances 1.2% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support SPY advance at 0% a week (0% probability) QQQ(92%) SMH(75%) TAN(46%) TLT(16%) UUP(-27%) |
Factors Impacting SPY price | SPY will decline at least -0.405% in a week (0% probabilities). IVE(72%) IVW(93%) IWN(66%) IWM(73%) IWO(77%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.405% (StdDev 0.81%) |
Hourly BBV | 1.1 () |
Intraday Trend | -0.1% |
| |
|
|