SPY Daily Technical Analysis
S&P 500 Index
SPDR S&P 500 ETF - Tracks the S&P 500 index of the largest U.S. companies and serves as a core benchmark for the U.S. market.
SPY Technical Analysis Summary
SPY is currently in a short-term corrective phase within a broader long-term bull market. The price has slipped below the 20-day and 50-day moving averages, and momentum indicators like RSI and MACD are leaning bearish, suggesting potential for further consolidation or a test of lower supports. However, the long-term trend remains positive as long as the price stays above the 200-day SMA near 650.
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SPY Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has closed below both the 20-day (689.06) and 50-day (687.34) SMAs. RSI is below 50, and MACD shows negative momentum with the MACD line below the Signal line.
Long-term Sentiment (weeks to months): Bullish
Price remains well above the rising 200-day SMA (649.93), indicating the primary long-term uptrend is still intact despite recent consolidation.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-18T15:02:08.919Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $674.35 | $670.00 - $678.70 | Weak | Zone defined by recent swing lows and the lower Bollinger Band. |
| $650.00 | $645.00 - $655.00 | Strong | Major structural support aligning with the rising 200-day SMA. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $688.50 | $687.00 - $690.00 | Strong | Cluster of the 50-day and 20-day SMAs acting as immediate dynamic resistance. |
| $702.50 | $700.00 - $705.00 | Strong | Recent swing highs and psychological round number. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Moderate | Short-term Correction | Bearish | N/A | The price has broken short-term trend supports (20/50 SMAs) and is consolidating in a lower range relative to recent peaks. |
Frequently Asked Questions about SPY
What is the current sentiment for SPY?
The short-term sentiment for SPY is currently Bearish because Price has closed below both the 20-day (689.06) and 50-day (687.34) SMAs. RSI is below 50, and MACD shows negative momentum with the MACD line below the Signal line.. The long-term trend is classified as Bullish.
What are the key support levels for SPY?
StockDips.AI has identified key support levels for SPY at $674.35 and $650.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is SPY in a significant dip or a Value Dip right now?
SPY has a Value Score of 7/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.