Next Weeks Broker Price Targets For SPDR S&P 500 ETF (SPY)

Marco Green
October 17, 2017

Archford Capital Strategies LLC boosted its position in shares of SPDR S&P Biotech (NYSEARCA:XBI) by 6,124.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. A common look back period is 14 days. Buying and selling at the wrong time can lead to portfolio underperformance, and it may damage investor confidence in the future. As always, the values may need to be adjusted based on the specific stock and market. It is quite reasonable to be optimistic about the investment environment heading into the second half of the year. They may look to the 50-day or 20-day to get a better grasp of what is going on with the stock in the near-term. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions.

The share price of SPDR S&P 500 ETF (SPY) was up +0.13% during the last trading session, with a day high of 255.51. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Wilder has developed multiple indicators that are still quite popular in today's investing landscape. The ATR basically measures the volatility of a stock on a day-to-day basis.

Interested investors may be watching the Williams Percent Range or Williams %R. S&P Dividend SPDR (SDY) now has a 14 day Williams %R of -11.44. Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations.

Additionally investors may want to examine some alternative technical indicators when studying a stock.

The Average Directional Index or ADX is technical analysis indicator used to describe if a market is trending or not trending. The ADX alone measures trend strength but not direction. The ADX is typically used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) which point to the direction of the trend.

Taking a closer look from a technical standpoint, S&P Semiconductor SPDR (XSD) presently has a 14-day Commodity Channel Index (CCI) of 105.12. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. S&P Smallcap Value ETF SPDR (SLYV) now has a 14-day Commodity Channel Index (CCI) of 10.45. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. In general, if the reading goes above -20, the stock may be considered to be overbought. Alternately, if the indicator goes below -80, this may point to the stock being oversold.

At the time of writing, the 14-day ADX for S&P 500 Real Estate Sector SPDR (XLRE) is 16.10.

Tracking other technical indicators, the 14-day RSI is presently standing at 68.70, the 7-day sits at 73.36, and the 3-day is resting at 76.31. The RSI operates in a range-bound area with values between 0 and 100. As with all indicators, the MFI should not be used by itself. One of the most popular time frames using RSI is the 14-day. Many traders keep an eye on the 30 and 70 marks on the RSI scale. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory.

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