| SPY latest price $383.5600 (1.82%) ($372.6400 - $384.7600) on Fri. Mar. 5, 2021. |
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| Trend Analysis and Forecast |
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Trend Pattern | Growing Downtrend |
Trend Narrative | After Bottom |
Average Daily Price Swing | $4.45 (1.15% one month average) |
Average Daily Percentage Swing | 0.93% (three month average) |
Weekly Trend Force | -0.1% (StdDev 0.93%) |
Daily Moving Force | -0.3% |
Rebound Strength | None(0%) |
Trend | -0.14% |
Trend Strength | -0.8% |
RSI | 40 |
Momentum | 1.2 |
Latest Price | $383.5600(1.82%) |
Forecasted Low Price | 381.26(-0.6%) |
Forecasted High Price | 384.33(0.2%) |
Direction of Next Movement | Lower(-0.8%) |
% Change Needed to Confirm Rebound | 1.7% ((390.21)) |
% Change Needed for Trend Reversal | 0.8% |
Hourly Trend | -0.5% [$379.4(-1.75), $382.69(-1.59)] |
Stocks Behave Similarly | Similar Stock List |
Complacency | 3 |
Intraday Reversal Probability | N/A. |
Daily Trend | SPY advances 0.2% a day on average for past five trading days. |
Weekly Trend | SPY declines -1% 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 decline at-0.3% a week (96% probability) VT(97%) IVW(95%) HYG(94%) IWF(94%) XLK(94%) |
Factors Impacting SPY price | SPY will decline at least -0.1% in a week (70% probabilities). VXX(-85%) VIXM(-75%) CNCR(-14%) UUP(-13%) USO(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
Trading Plan | Not Available |
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Valuation to SPY | 0 |
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Relative Volatility | -1.1 (options are cheap) |
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Market Trend Strength | -0.5% (StdDev 0.93%) |
Hourly BBV | 0 () |
Intraday Trend | 0.8% |
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