TRENDING KEYWORDS
US added 467,00 new jobs in January, beating forecasts
The U.S. economy added 467,00 new jobs last month, exceeding expectations.
The Bureau for Labor Statistics data revealed that the figure was well above the Street consensus forecast of 150,000. The data also showed that headline unemployment rate rose to 4.0 percent in January, little changed from December's new pandemic low but slightly higher than market expectations of 3.9 percent.
Hourly wages rose +0.7% during January to $31.63 per hour. Year-over-year, January hourly wages rose +5.7%, beating Street forecasts.
SPY sees MACD Histogram crosses below signal line
SPY saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 07, 2022. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 54 instances where the indicator turned negative. In 39 of the 54 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 72%.
Current price $400.23 crossed the resistance line at $406.72 and is trading between $406.72 resistance and $381.45 support lines. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -10% Downtrend, while the week of 05/09/22 - 05/16/22 shows a +0.52% Uptrend.
The Momentum Indicator moved below the 0 level on April 07, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on SPY as a result. In 40 of 66 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 61%.
SPY moved below its 50-day Moving Average on April 21, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for SPY crossed bearishly below the 50-day moving average on April 25, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 8 of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 62%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPY declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 71%.
The Aroon Indicator for SPY entered a downward trend on May 16, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where SPY's RSI Indicator exited the oversold zone, 19 of 20 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 90%.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +3.52% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPY advanced for three days, in 345 of 392 cases, the price rose further within the following month. The odds of a continued upward trend are 88%.
SPY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 1.00% within the next month with a likelihood of 65%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.22.
The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500® Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the “Portfolio”), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.
The average market capitalization across the SPDR® S&P 500 ETF Trust ETF is 73.6B. The market cap for tickers in the group ranges from 1.5B to 2.4T. AAPL holds the highest valuation in this group at 2.4T. The lowest valued company is EMBC at 1.5B.
The average weekly price growth across all stocks in the SPDR® S&P 500 ETF Trust ETF was 19.44%. For the same ETF, the average monthly price growth was 28.62%, and the average quarterly price growth was 121.6%. VTRS experienced the highest price growth at 11.36%, while TWTR experienced the biggest fall at -18.23%.
The average weekly volume growth across all stocks in the SPDR® S&P 500 ETF Trust ETF was -6.94%. For the same stocks of the ETF, the average monthly volume growth was 17.48% and the average quarterly volume growth was 38.13%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the 15 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 1.00% within the next month with a likelihood of 64%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.2.
187 stocks in the group of tickers exhibit a similar negative trend based on the Declines indicator with an average likelihood of 70%.
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