The SPY ETF experienced a price increase of 0.396% on Thursday, September 26, 2024, closing at $572.30.

Throughout the day, the ETF’s price fluctuated within a range of 0.84%, reaching a low of $569.90 and a high of $574.71.

Over the past two weeks, the ETF has shown a cumulative gain of 2.36%, with seven of the ten trading days ending in price increases.

This rise was accompanied by a significant increase in trading volume on Thursday, with approximately 41 million shares traded.

The ETF is currently positioned within the upper section of a short-term upward trend. This suggests that a price correction towards the lower end of the trend may be imminent.

Based on the current short-term trend, the ETF is projected to increase by 2.80% over the next three months.

There is a 90% probability that its price will remain within the range of $541.36 to $593.69 by the end of this period.

This projection reflects both the potential for growth and the likelihood of fluctuations within this price range over the upcoming quarter.

Reply

Topic