| SPY latest price $508.8800 (1.07%) ($505.7000 - $509.5500) on Fri. Apr. 26, 2024. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 0.76% (three month average) |
RSI | 38 |
Latest Price | $508.8800(1.07%) |
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 declines -1% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth 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%) QQQ(96%) IWO(95%) XBI(87%) IWM(82%) |
Factors Impacting SPY price | SPY will decline at least -0.38% in a week (0% probabilities). VXX(-82%) VIXM(-55%) GDX(-44%) GLD(-40%) GDXJ(-37%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -0.38% (StdDev 0.76%) |
Hourly BBV | 0 () |
Intraday Trend | 0.5% |
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