SSPY in downward trend: 10-day moving average moved below 50-day moving average on December 20, 2024
The 10-day moving average for SSPY crossed bearishly below the 50-day moving average on December 20, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 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 .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 09, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SSPY as a result. In of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SSPY turned negative on December 06, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
SSPY moved below its 50-day moving average on December 17, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SSPY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 3 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 Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 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-day Advance, the price is estimated to grow further. Considering data from situations where SSPY advanced for three days, in of 341 cases, the price rose further within the following month. The odds of a continued upward trend are .
SSPY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 333 cases where SSPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category LargeValue
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| EKBDX | 13.65 | 0.14 | +1.01% |
| Allspring Diversified Cap Bldr Adm | |||
| HFCGX | 32.01 | 0.23 | +0.72% |
| Hennessy Cornerstone Growth Investor | |||
| CLPFX | 13.47 | 0.03 | +0.22% |
| Catalyst Nasdaq-100 Hedged Equity I | |||
| HDDVX | 15.18 | -0.01 | -0.07% |
| Janus Henderson Responsible Intl Div D | |||
| FMSHX | 24.86 | -1.49 | -5.64% |
| Franklin Mutual Shares R6 | |||
SSPY and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SSPY has been closely correlated with CAMX. These tickers have moved in lockstep 90% of the time. This A.I.-generated data suggests there is a high statistical probability that if SSPY jumps, then CAMX could also see price increases.
| Ticker / NAME | Correlation To SSPY | 1D Price Change % | ||
|---|---|---|---|---|
| SSPY | 100% | +1.17% | ||
| CAMX - SSPY | 90% Closely correlated | +0.88% | ||
| SPLV - SSPY | 74% Closely correlated | +0.98% | ||
| SCHD - SSPY | -2% Poorly correlated | +1.34% | ||
| IWD - SSPY | -6% Poorly correlated | +1.26% | ||
| VTV - SSPY | -6% Poorly correlated | +1.17% | ||
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