SPDR S&P 500 ETF (NYSE ARCA: SPY)Central Index Key (CIK): 78462F103 | ISIN: US78462F1030 | Symbol: SPY | Type: ETF.
The SPDR S&P 500 ETF (SPY) is the first successful US fund to be listed on the New York Stock Exchange. The fund's basket mirrors the S&P 500 index, so this ETF is the best option for investing in the US stock market with minimal effort. As of September 22, 2021 capitalization of the SPY ETF is at the level of $ 400 878 010 368. SPDR S&P 500 ETF (AMEX:SPY) index price online, charts, indices price history, technical and fundamental analysis, reports, comments and more.

Simple and lightweight SPDR S&P 500 (SPY) ETF Live Chart is a powerful free tool that allows you to easily conduct technical analysis online without downloading additional files and applications. In order to meet the needs of the most demanding technical analysts, you can find over a hundred chart analysis tools on our SPDR S&P 500 (SPY) ETF chart. You can also add any of 80 technical indicators directly to the chart online - in two clicks. The possibilities are endless!

Technical Analysis SPDR S&P 500 (SPY) ETF

SPDR S&P 500 (SPY) ETF Technical Analysis widget is a modern handy tool that shows ratings based on technical indicators data. The design of the widget is made in the form of a speedometer, thanks to which you can quickly see the results of the summary technical analysis. You no longer need to use many indicators for analyzing financial instruments, the widget will do it for you. In addition, all rating data are updated in real time. These technical indicators are used for technical analysis: Relative Strength Index, Stochastic, Commodity Channel Index, Average Directional Index, Awesome Oscillator, Momentum, MACD, Stochastic RSI, Williams Percent Range, Bull Bear Power, Ultimate Oscillator, Exponential Moving Average, Simple Moving Average, Ichimoku Cloud Base Line, Volume Weighted Moving Average, Hull Moving Average.

SPDR S&P 500 (SPY) Fund Review

The SPDR ETF began trading in 1993. The fund's securities are traded on the Arca section of the New-York Stock Exchange (NYSE), where they are assigned the ticker SPY. In addition, you can buy SPY shares on other stock exchanges, including:

  • Bolsa Mexicana de Valores – BMV.
  • Tokyo Stock Exchange – TSE.
  • Singapore Exchange – SGX.

However, the total trading volume on these exchanges is less than 0.1% of the average value of this indicator on the NYSE Arca, which is more than $ 400 billion.

Fund structure SPY - UIT (Unit Investment Trust), management fee 0.09% per annum. Accuracy of copying the S&P 500 stock index is more than 90%, the differences are observed only in small-cap companies. Because of this, the chart of the fund's share prices almost completely copies the chart of the S&P 500 stock index, but there are still small discrepancies.

The R-Squared score does not fall below 95%, which means that the index S&P 500 is copied very well.

The fund is managed by the American corporation State Street Global Advisors, which manages more than 20 ETFs.

The amount under management exceeds $ 250 billion, according to this indicator it ranks first in the world.

The average annual yield during the existence of the fund is about 9-10%, the dividend yield is 2.0-2.9%. We are talking about the average annual profitability, in some years share prices may decline, which is offset by increased growth in the future.

Rebalancing (revision of the basket with changes in the weights of its individual components) occurs on a quarterly basis. Changes in the rebalancing schedule are possible due to force majeure factors. For example, the spring 2020 ETF review was postponed until the summer due to events related to the pandemic. The S&P 500 index provider also made a corresponding decision, so there will be no discrepancies between their baskets.

Dividends are paid continuously, the first payment was made in June 1994. Most of the time, payments are growing, only in some years the amount of dividends decreased.

The SPDR S&P 500 ETF Trust (NYSEARCA: SPY) is one of the world's largest exchange-traded funds. The ETF follows the S&P 500 Index and copies its basket. It includes hundreds of American companies representing the manufacturing, financial and service sectors. Taken together, IT, the service sector, healthcare, and the financial sector provide about 70-80% of the fund's capitalization. The remainder is accounted for by the energy and manufacturing sectors of the US economy.

Since the S&P 500 includes the largest US companies in terms of capitalization, they are also present in the SPY ETF.

If you sort the components of the basket by capitalization, the top positions will be:

  • Microsoft;
  • Amazon;
  • Apple;
  • Facebook;
  • Alphabet (Google).

The first five are represented by the IT sector, since they have a high capitalization. The positions of individual companies may change, but the leaders in terms of capitalization do not drop out of the basket.

The S&P 500 index reflects the state of the American economy, so the value of SPY shares is a marker that characterizes the growth of the US economy. If there is a decline in production, the American economy stagnates, and so does the SPDR S&P chart. Changes in applications for unemployment benefits, the Fed's decisions on interest rates, industrial production, economic data - all this affects the fund's quotes.

The IT sector occupies a special place in the fund's structure (it accounts for more than 20% of ETF capitalization).

During times of crisis, the value of SPY shares declines, but then quickly recovers. Thus, it took less than 2 years to recover from the 2008 crisis. At the same time, the fund does not face bankruptcy, since it is tied to the state of entire sectors of the US economy, and not to the indicators of a separate company.

A distinctive feature of this ETF is high volatility and protracted bullish trends; SPY stock price has been growing for years. Due to this feature, the SPDR S&P 500 stock chart is suitable for both intraday and long-term investment.

Each share of the fund is essentially a portfolio of shares of companies included in the S&P 500 index. Due to this, ETFs are several times more stable compared to the shares of a single company. The potential of investments in SPY is proved by the historical profitability - the price on the exchange is growing by an average of 8-10% per year.

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Elliott Wave Forecast: SPY Rally Expected to Fail

Short term Elliott Wave view on SPDR S&P 500 (ticker: SPY) suggests the ETF shows a bearish sequence from 8.17.2022 high favoring further downside. The decline lower from 8.17.2022 high is unfolding as a zigzag Elliott Wave structure. Down from 8.17 high, wave A ended at 390.04. Wave B corrective rally unfolded as an expanded Flat structure.

Up from wave A, wave ((a)) ended at 401.56, and dips in wave ((b)) ended at 388.42. Wave ((c)) higher ended at 415 which completed wave B.

Wave C lower is currently in progress with subdivision as a 5 waves impulse. Down from wave B, wave (i) ended at 391.12, and wave (ii) rally ended at 395.96. The ETF extended lower in wave (iii) towards 382.12, and wave (iv) rally ended at 388. Final leg lower wave (v) ended at 381.50 which completed wave ((i)) of C.

Wave ((ii)) corrective rally is now in progress to correct cycle from 9.13.2022 peak in 3, 7, or 11 swing before the decline resumes. Wave ((ii)) rally is proposed to take the form of a zigzag structure. Up from wave ((i)), wave (a) ended at 387.16 and wave (b) pullback ended at 383.89. Final leg higher wave (c) should end somewhere at 389.4 – 392.9 area to complete wave ((ii)) before the ETF resumes lower.

SPY 30 Minutes Elliott Wave Chart

Elliott Wave Forecast: SPY Rally Expected to Fail

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