How High Can The SPY Go Today?

The S&P 500 ETF (SPY) has been on a rollercoaster ride lately, with investors wondering how high it can go today. As of February 24, 2025, the SPY closed at $608.13, with a daily high of $656.78 and a low of $559.48. To predict the SPY's price movement today, we need to analyze the key technical indicators and expert opinions.

1. Technical Indicators:
* Momentum Indicator: The Momentum Indicator moved above the 0 level on February 10, 2025, suggesting a potential upward trend. In 70 similar cases, the stock moved higher in the following days. The odds of a move higher are at
* MACD (Moving Average Convergence Divergence): The MACD for SPY just turned positive on February 13, 2025. In 51 similar cases over the following month, the stock continued to rise. The odds of a continued upward trend are
* Support and Resistance Levels: The SPY has support at $562.29 (50-day moving average) and resistance at $660.07 (all-time high). If the SPY breaks above the resistance level, it could potentially reach $673.55 (12-month high).
2. Expert Opinions:
* Analyst Price Targets: The average analyst price target for SPY is $610.38, with a high forecast of $610.38 and a low forecast of $610.38. This represents a 0.00% upside from the current price.
* Analyst Ratings: The current consensus among 8 investment analysts is to moderate buy stock in SPDR S&P 500 ETF Trust. This Moderate Buy consensus rating has held steady for over two years.

3. Conclusion:
Based on the technical indicators and expert opinions, the SPY has the potential to reach its 12-month high of $673.55 today. However, it is essential to monitor the market closely and be prepared for any unexpected price movements. As always, it is crucial to do your own research and consider seeking advice from a financial advisor before making any investment decisions.