SPDR® Portfolio S&P 400™ Mid Cap ETF (SPMD, $48.77) entered Downtrend as Momentum indicator drops below 0 level on Apr 03, 2025

@MidCapBlend, #TechnicalAnalysis, #Momentum, #Bearish, #ETFs
SPMD - SPDR® Portfolio S&P 400™ Mid Cap ETF
Momentum signal
Bearish Trend
84%
Odds of DOWN Trend
Price: $48.77
Daily change: -$3.5 (-6.7%)
Daily volume: 3.8M
Net Assets: $12.4B

This indicator may be signaling that SPMD's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 90 similar cases where SPMD's Momentum Indicator fell below the 0 level, and 76 of them led to a successful outcome. Odds of Success: 84%.