SPY Forecast: Insight into Bearish Trends and Prospects for Upcoming Bullish Surge.



SPY: Daily Price Analysis

Over the past 10 days, the SPDR S&P 500 ETF Trust (SPY) entered a Bearish zone, displaying a downtrend and subsequent rebound pattern. The recent three-day trend indicates a promising upward movement. In Bearish zones, rebound trends signify a temporary weakening of selling pressure and a temporary strengthening of buying interest.

This rebound pattern seems to have reached a short-term peak, indicating an imminent consolidation phase. Considering the current position within the Bearish zone, it appears that buying interest might weaken, and selling pressure could intensify, potentially leading to a re-entry into the downtrend. This scenario is expected to unfold over the next 2-3 days, within the predicted range and timeframe.

If this downward trend doesn't transition back into a Bearish zone and instead enters the Bullish zone, a bullish trend is anticipated to commence from the following week. During this upward phase, buying interest is likely to strengthen, while selling pressure might remain relatively subdued, resulting in a robust and intense upward movement. This pattern is expected to persist until mid-November.

However, post-mid-November, buying interest is anticipated to gradually weaken, possibly leading to an overall correction trend or re-entry into the Bearish zone by the end of November. Considering the daily trends, a medium-to-long-term investment strategy suggests that the upcoming 2-3 day period could be a crucial buying opportunity as the market potentially enters the Bullish zone.

Nov 01, 2023

Closed price

422.66

1.07%

 

 

Appropriate Investment Position: Bearish-Sell [Long-term strategy]

Today's stock price Buy-Sell intensity analysis

The current trend appears to be 'Rebound trend'. The OPEN-price started with a stronger upward rate than the current trend and The HIGH and LOW prices are showing a stronger HIGH-price and a weaker LOW-price Finally, the CLOSE-price closed with a stronger upward rate than the current trend.

The overall buy-and-sell intensity indicates that the buy intensity is stronger than the sell.

Assuming that the average buy intensity is 100%,

Today's buy intensity is

244%

 

 

Tomorrow's stock price Buy-Sell intensity Prediction

Based on recent stock trends and technical analysis, it looks like SPY stock will enter a Downtrend tomorrow

The %intensity of Risk & Return tomorrow :

-57%

HIGH ~ LOW % range tomorrow :

0.3%

-0.4%

Predicted Average loss over the next 3 days:

-0.6%

The price of SPY stock moves in line with the rise and fall of the stock market index with a probability of

97%

 

, and conversely, it moves against the stock market index trend with a probability of

3%

 

because of the high similarity, the predicted flow might change depending on the flow of the stock market index. If any changes are made, the stock flow of the 10-day forecast may also change.

SPY stock price 10 Day prediction [Short-term strategy]

It is expected that the overall trend movement over the next 10 days will follow a strong upward direction, with a ratio of 2 : 8 for the downward to upward direction, indicating a higher proportion of the upward trend. However, in terms of the expected strength of the upward and downward movements, the upward strength is higher, while the downward strength is somewhat higher. Currently, it's in the midst of a rebound trend in an upward-trending market with a box pattern of price fluctuations, marked by small declines and upward fluctuations. and The Buy-Sell intensity had a stronger buying flow than a buying flow in a bearish zone.

Indicating that We are currently in a bearish zone. Therefore, it is recommended to implement a strategy to reduce risk and take a suitable investing position. A suitable investing position is 'Buy(Bullish) and Hold' for now. The appropriate selling timing is predicted to be either today or tomorrow.

The selling date is

Nov 02

 

 

A good price to sell a stock:

$ 423.30

And the appropriate buying timing is predicted to be in 2 days.

 

The buying date is

Nov 02

to

Nov 03

A good price to buy a stock:

$ 419.56

(Prediction may shift due to changes in the Buy-Sell intensity)

Volatility of Prediction

Due to sudden changes in Buy-Sell intensity that can cause instability in trend linkage, pretiming predictions can be highly volatile.

Prediction the turning point of the trend

The probability of a trend reversal occurring approximately 4 days from now, 8 days from now

44%

Prediction of Upper~Lower price range over the next 10 days

Price:

420.45

~

433.08

% Change:

-0.5%

~

2.5%

Median price between the upper and lower prices

426.77

1.0%

Analysis of the trend zone & level% and average intensity of trends

For the last 30 days, the average trend zone & level%

Bearish

-40%

The Current trend zone & level%

Bearish

-63%

The expected average trend zone & level% for the next 10 days

Bullish

37%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

83%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-52%

(Min -100%)

Prediction the intensity of the trend and the range of the HIGH ~ LOW

Trend

%Intensity

HIGH

LOW

In 1 day: Entering a downtrend

-57%

0.3%

-0.4%

In 2 days: Entering a downtrend

-96%

0.1%

-0.9%

In 3 days: Entering a correction trend

52%

0.6%

-0.1%

In 4 days: Reversion to an uptrend

100%

0.9%

0.0%

In 5 days: Uptrend

91%

1.0%

0.0%

In 6 days: Uptrend

96%

0.9%

0.1%

In 7 days: Uptrend

75%

0.7%

0.0%

In 8 days: Entering a correction trend

-6%

0.5%

-0.2%

In 9 days: Correction trend

-50%

0.1%

-0.9%

In 10 days: Correction trend

-50%

0.0%

-0.7%

Average closing price in case of rising:

 

0.6%

=> HIGH ~ LOW range:

0.8%

~

-0.2%

Average closing price in case of falling:

 

-0.4%

=> HIGH ~ LOW range:

0.3%

~

-0.7%

The 10-day prediction and technical analysis of SPY stock are conducted based on the analysis of buy-sell intensity by the pretiming analysis. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis.

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