Data Speaks About SPY:
1️⃣ Trading above key support zone (480/495): The stock is holding above critical levels, which suggests a potential for stability or a rebound if these levels hold.
2️⃣ Below 10-day MA: Currently trading below the 10-day moving average, indicating short-term bearish sentiment and lack of upward momentum.
3️⃣ Failed attempt to re-enter downward channel after sharp decline: Despite a brief attempt to recover, the price failed to re-enter the downward channel, signaling persistent selling pressure.
🔽 Outlook: While the stock shows oversold conditions, the bearish momentum is still intact. However, as long as it stays above the 480/495 support zone, there’s potential for a rebound.
1️⃣ Trading above key support zone (480/495): The stock is holding above critical levels, which suggests a potential for stability or a rebound if these levels hold.
2️⃣ Below 10-day MA: Currently trading below the 10-day moving average, indicating short-term bearish sentiment and lack of upward momentum.
3️⃣ Failed attempt to re-enter downward channel after sharp decline: Despite a brief attempt to recover, the price failed to re-enter the downward channel, signaling persistent selling pressure.
🔽 Outlook: While the stock shows oversold conditions, the bearish momentum is still intact. However, as long as it stays above the 480/495 support zone, there’s potential for a rebound.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.