SPY Weekly 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 exhibits a robust long-term uptrend, trading significantly above its 200-week and 50-week moving averages, confirming a strong bull market regime. However, short-term indicators such as the MACD bearish crossover and falling RSI suggest the asset is undergoing a healthy consolidation or pullback. The price is currently testing the 20-week SMA; holding this level would likely signal a continuation of the primary trend, while a failure could lead to a deeper test of the 50-week SMA.
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SPY Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is currently consolidating and testing the 20-week SMA support. A bearish crossover on the weekly MACD and a declining RSI from overbought levels suggest temporary momentum cooling.
Long-term Sentiment (weeks to months): Bullish
The long-term trend is strongly upward, characterized by consistent higher highs and price holding well above the rising 50-week and 200-week SMAs.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-15T00:04:30.179Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $677.50 | $675.00 - $680.00 | Strong | Immediate support at the 20-week SMA (Bollinger Band basis) which price is currently testing. |
| $653.50 | $650.00 - $657.00 | Weak | Confluence of the Lower Bollinger Band and recent minor price structure. |
| $632.50 | $630.00 - $635.00 | Strong | Major dynamic support provided by the rising 50-week SMA. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $702.50 | $700.00 - $705.00 | Weak | Psychological level and proximity to the Upper Bollinger Band. |
| $715.00 | $710.00 - $720.00 | Strong | Recent all-time high area forming the top of the current range. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Rising Channel | Bullish | N/A | Price has been respecting a multi-year rising channel with the 50-week SMA acting as a trend guide. |
| Weak | Bull Flag / Consolidation | Bullish | $730.00 | Potential consolidation forming after a steep rally, allowing moving averages to catch up to price. |
Frequently Asked Questions about SPY
What is the current sentiment for SPY?
The short-term sentiment for SPY is currently Neutral because Price is currently consolidating and testing the 20-week SMA support. A bearish crossover on the weekly MACD and a declining RSI from overbought levels suggest temporary momentum cooling.. 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 $677.50 and $653.50. 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 44/100. 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.