SPDR(R) S&P(R) INTERNATIONAL FINANCIAL Stock Forecast
SPDR(R) S&P(R) INTERNATIONAL FINANCIAL stock price down 0% on Wednesday
(Updated on Apr 17, 2024)
No changes to the price of SPDR(R) S&P(R) INTERNATIONAL FINANCIAL stock on the last trading day (Wednesday, 17th Apr 2024). During the last trading day the stock fluctuated 1.98% from a day low at £101.00 to a day high of £103.00. The price has fallen in 5 of the last 10 days and is down by -7.73% for this period.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.57% during the next 3 months and, with a 90% probability hold a price between £84.18 and £96.53 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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IPF.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SPDR(R) S&P(R) INTERNATIONAL FINANCIAL stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £104.71 and £110.21. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for SPDR(R) S&P(R) INTERNATIONAL FINANCIAL stock
SPDR(R) S&P(R) INTERNATIONAL FINANCIAL finds support from accumulated volume at £100.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £2.00 between high and low, or 1.98%. For the last week, the stock has had daily average volatility of 2.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IPF.L) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect SPDR(R) S&P(R) INTERNATIONAL FINANCIAL SECTOR ETF to open at £101.83, and during the day (based on 14 day Average True Range), to move between £97.86 and £105.14, which gives a possible trading interval of +/-£3.64 (+/-3.58%) up or down from last closing price. If SPDR(R) S&P(R) INTERNATIONAL FINANCIAL SECTOR ETF takes out the full calculated possible swing range there will be an estimated 7.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £100.50 (0.99%) than the resistance at £109.50 (7.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SPDR(R) S&P(R) INTERNATIONAL FINANCIAL SECTOR ETF stock A Buy?
SPDR(R) S&P(R) INTERNATIONAL FINANCIAL holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.242 Sell Candidate Unchanged
Predicted Opening Price for SPDR(R) S&P(R) INTERNATIONAL FINANCIAL SECTOR ETF of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| £101.83 ( 0.328%) | £101.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IPF.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 103.83 | 2.30 % | |
| R2 | 103.07 | 1.55 % | ||
| R1 | 102.60 | 1.08 % | ||
| Current price: | 101.50 | |||
| Support | S1 | 101.07 | -0.424 % | |
| S2 | 100.60 | -0.89 % | ||
| S3 | 99.83 | -1.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 112.00 | 10.34 % | |
| R2 | 111.50 | 9.85 % | ||
| R1 | 109.50 | 7.88 % | ||
| Current price | 101.50 | |||
| Support | S1 | 100.50 | -0.99% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
IPF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | May 10, 2024 | £7.20 | 7.09% |
| 2 | Mar 01, 2023 | Apr 06, 2023 | May 05, 2023 | £6.50 | 6.63% |
| 3 | Jul 27, 2022 | Sep 01, 2022 | Sep 30, 2022 | £2.70 | 3.27% |
| 4 | Feb 23, 2022 | Apr 07, 2022 | May 06, 2022 | £5.80 | 6.20% |
| 5 | Jul 27, 2021 | Sep 02, 2021 | Oct 01, 2021 | £2.20 | 1.61% |
FAQ
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