Ascend

Resistance

Simply

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>SPY stock price trades below the 20, and 50-day daily moving average.</a> </li> 
 <li> <span>2</span> <a>Smartpay Holdings Limited ( NZX: SPY) stock’s 52-week price range is around $1.030 – $1.945</a> </li> 
</ul> 
<p>Smartpay Holdings Limited is a company that creates, delivers, and supports technology products, services, and software for merchants and retailers in New Zealand and Australia. It offers payment solutions for various retail Spy business payment and transactional processing needs. The company also sells Eftpos terminals; and provides hardware, software, and maintenance and repairs services.</p> 
<p>It serves various industries such as retail, trade, hair and beauty, taxi and transport, charities and schools, hospitality, and tourism. The company was founded in 1986 and is based in Auckland, New Zealand.</p> 
<p>According to a financial website called Simply Wall St., Smartpay Holdings (SPY stock) has been performing well in the Diversified Financial industry. The company has been increasing its earnings by an average of 11.8% per year, which is the same as the industry average. The company has also been growing its revenues by an average of 28.3% per year. Smartpay Holdings has a return on equity of 20%, which means it is generating high profits from its shareholders’ investments. The company also has net margins of 10.9%, which means it is keeping a good portion of its revenues as profits.</p> 
<p>At press time, Smartpay stock price (SPY stock) was $1.615 with an intraday loss of -0.92% trading below the major EMAs, showing that bears are trying to re-establish control over the charts and bulls are resisting at nearest support. Moreover, the intraday trading volume of SPY is 17.674 K more than the 10-day aggregate volume of 23.071 K.</p> 
<p>The price action shows that <a href="https://www.thecoinrepublic.com/2023/08/23/spy-stock-forecast-will-nzx-spy-rally-thrust-with-momentum/" rel="noopener noreferrer nofollow">Smartpay Holdings Limited</a> ( NZX: SPY) stock price took support from a low of $0.66 in October 2022 and is in an uptrend since then. It made higher highs and lows and made continuous breaks of structure till $1.9 and the upward rally gave almost 187% by July 28th. Moreover, the price stepped up from Fibo levels after spending a decent amount of time on 61.80% and 50.00%.</p> 
<p>Thereafter, the SPY stock price stopped forming new highs, faced resistance, and fell in a single stream up to the nearest support at $1.505 and consolidated at $1.615 (at press time).</p> 
<p>Therefore, If SPY fails to maintain its current level, the SPY price could continue to drag downwards and hit the nearest support levels around $1.505 and $1.360.</p> 
<p>Alternatively, if the stock price sustains the current level and Smartpay’s price increases, then it might reach the nearest resistance levels of $1.910 and $1.970.</p> 
<h2 class="wp-block-heading" id="strong-spy-stock-price-technical-analysis-in-daily-1-d-timeframe-strong"><strong>SPY Stock Price Technical Analysis in Daily (1-D) Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/ajr9yAeLWCkeBsjXCAnkgxBxJ3vIBRYyQof19O8vMFx9g78wvKOUdfl_GaK3k4aU7RoPY_r9FtZMtb974H0zsVat_0PLOqHDS8YuwHViK3Za1HjJHXX0Yml4Kat2foPAiHqAbhl8gr0Urkgi0WvsbQ" alt="SPY Stock Forecast: Will (NZX: SPY) Price Ascend Or Descend?"> 
  <figcaption class="wp-element-caption">
    Source: SPY.1D.NZX by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of publishing, Smartpay Holdings Limited (NZX: SPY) is trading below the 20, and 50-day EMA, and MACD is indicating a bullish crossover but the histogram gap is slim and RSI is around 45 below the median line.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Smartpay Holdings Limited. (NZX: <a href="https://www.thecoinrepublic.com/2023/08/23/spy-stock-forecast-will-nzx-spy-rally-thrust-with-momentum/" rel="noopener noreferrer nofollow">SPY</a>) stock prices are neutral to bullish on the 1-D time frame. The price action for the Smartpay price predicts a neutral to bullish outlook at the time of publishing. The technical analysis tools of the Smartpay stock price also support neutral to bullish hints. The EMA, RSI, and MACD highlight consolidation to upward hints in the SPY share price.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels</strong>: The nearest support levels for SPY price are $1.50 and $1.36.</li> 
 <li><strong>Resistance levels:</strong> The nearest resistance levels for the Smartpay stock price are $1.91 and $1.97.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

SPY Stock Forecast: Will (NZX: SPY) Price Ascend Or Descend?

Inhaltsverzeichnis

Thecoinrepublic.com

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