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SPY
ETF ticker:
NYSE ARCA
AS OF
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Net Assets
406.96B

SPY Price Prediction, SPDR® S&P 500 ETF Trust AI Recommendations

ETF market charts, price targets, analyst ratings and a financial calendar

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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SPY with price predictions
08:00 PM EDT Jun 04, 2023

Momentum Indicator for SPY turns positive, indicating new upward trend

SPY saw its Momentum Indicator move above the 0 level on May 25, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 67 similar instances where the indicator turned positive. In of the 67 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for SPY just turned positive on May 26, 2023. Looking at past instances where SPY's MACD turned positive, the stock continued to rise in of 49 cases 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 SPY advanced for three days, in of 360 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 442 cases where SPY 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 Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 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 SPY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SPY broke above its upper Bollinger Band on June 02, 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 Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), NVIDIA Corp (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Tesla (NASDAQ:TSLA), VISA (NYSE:V), Unitedhealth Group (NYSE:UNH).

Industry description

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.

Market Cap

The average market capitalization across the SPDR® S&P 500 ETF Trust ETF is 96.07B. The market cap for tickers in the group ranges from 3.64B to 2.85T. AAPL holds the highest valuation in this group at 2.85T. The lowest valued company is NWL at 3.64B.

High and low price notable news

The average weekly price growth across all stocks in the SPDR® S&P 500 ETF Trust ETF was 2%. For the same ETF, the average monthly price growth was 4%, and the average quarterly price growth was 10%. MTCH experienced the highest price growth at 14%, while AAP experienced the biggest fall at -42%.

Volume

The average weekly volume growth across all stocks in the SPDR® S&P 500 ETF Trust ETF was -15%. For the same stocks of the ETF, the average monthly volume growth was -9% and the average quarterly volume growth was -0%

Fundamental Analysis Ratings

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

Valuation Rating: 56
P/E Growth Rating: 50
Price Growth Rating: 48
SMR Rating: 50
Profit Risk Rating: 49
Seasonality Score: 6 (-100 ... +100)
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published General Information

General Information

Category LargeBlend

Profile
Fundamentals
Details
Category
Large Blend
Address
PDR Services, 86 Trinity PlaceNew York
Phone
N/A
Web
www.spdrs.com
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SPY and

Correlation & Price change

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

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SPY
1D Price
Change %
SPY100%
-0.19%
IVV - SPY
100%
Closely correlated
-0.17%
SPLG - SPY
100%
Closely correlated
-0.20%
VOO - SPY
100%
Closely correlated
-0.19%
SPTM - SPY
100%
Closely correlated
-0.19%
SCHX - SPY
100%
Closely correlated
-0.18%
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