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SPSM
ETF ticker: NYSE ARCA
AS OF
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Net Assets
8.66B

SPSM SPDR® Portfolio S&P 600 Sm Cap ETF Forecast, Technical & Fundamental Analysis

Category SmallBlend
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SPSM with price predictions
07:00 PM EST Dec 06, 2023

SPSM in upward trend: price rose above 50-day moving average on November 14, 2023

SPSM moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend. In of 49 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 01, 2023. You may want to consider a long position or call options on SPSM as a result. In of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for SPSM just turned positive on November 02, 2023. Looking at past instances where SPSM's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for SPSM crossed bullishly above the 50-day moving average on November 15, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPSM advanced for three days, in of 306 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 318 cases where SPSM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for SPSM moved out of overbought territory on December 05, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 38 similar instances where the indicator moved out of overbought territory. In of the 38 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPSM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SPSM broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Abercrombie & Fitch Co (NASDAQ:ANF), Signet Jewelers Limited (NASDAQ:SIG), California Resources Corp (NASDAQ:CRC), Arconic Corp (NASDAQ:ARNC), Tanger (NASDAQ:SKT), Genworth Financial (NASDAQ:GNW), Shake Shack (NASDAQ:SHAK), Livent Corp (NASDAQ:LTHM), Cal-Maine Foods (NASDAQ:CALM), Innovative Industrial Properties (NASDAQ:IIPR).

Industry description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P SmallCap 600 Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the small-capitalization segment of the U.S. equity market.

Market Cap

The average market capitalization across the SPDR® Portfolio S&P 600 Sm Cap ETF ETF is 1.89B. The market cap for tickers in the group ranges from 107.24M to 7.29B. RMBS holds the highest valuation in this group at 7.29B. The lowest valued company is EBS at 107.24M.

High and low price notable news

The average weekly price growth across all stocks in the SPDR® Portfolio S&P 600 Sm Cap ETF ETF was 174%. For the same ETF, the average monthly price growth was 212%, and the average quarterly price growth was 11,216%. HA experienced the highest price growth at 207%, while DBI experienced the biggest fall at -25%.

Volume

The average weekly volume growth across all stocks in the SPDR® Portfolio S&P 600 Sm Cap ETF ETF was -16%. For the same stocks of the ETF, the average monthly volume growth was -11% and the average quarterly volume growth was 3%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 57
P/E Growth Rating: 51
Price Growth Rating: 51
SMR Rating: 65
Profit Risk Rating: 71
Seasonality Score: 27 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category SmallBlend

Profile
Fundamentals
Details
Category
Small Blend
Address
SPDR Series TrustOne Lincoln Street Cph0326Boston
Phone
N/A
Web
www.spdrs.com
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SPSM and

Correlation & Price change

A.I.dvisor indicates that over the last year, SPSM has been closely correlated with IJR. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if SPSM jumps, then IJR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SPSM
1D Price
Change %
SPSM100%
+1.14%
IJR - SPSM
100%
Closely correlated
+1.13%
VIOO - SPSM
100%
Closely correlated
+1.15%
QVMS - SPSM
100%
Closely correlated
+1.01%
ESIX - SPSM
100%
Closely correlated
+1.06%
SMLE - SPSM
100%
Closely correlated
+1.10%
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