SPDR(R) S&P(R) SOFTWARE & SERVICES ETF Forecast
Green day on Wednesday for SPDR(R) S&P(R) SOFTWARE & SERVICES
(Updated on Mar 27, 2024)
The SPDR(R) S&P(R) SOFTWARE & SERVICES ETF price gained 0.473% on the last trading day (Wednesday, 27th Mar 2024), rising from $153.56 to $154.29. During the last trading day the ETF fluctuated 0.407% from a day low at $153.72 to a day high of $154.34. The price has risen in 6 of the last 10 days but is still down by -0.18% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately $916.33 thousand.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 5.84% during the next 3 months and, with a 90% probability hold a price between $158.70 and $170.72 at the end of this 3-month period.
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XSW Signals & Forecast
Mostly positive signals in the chart today. The SPDR(R) S&P(R) SOFTWARE & SERVICES ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $154.09 and $153.08. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 4.36%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). SPDR(R) S&P(R) SOFTWARE & SERVICES has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for SPDR(R) S&P(R) SOFTWARE & SERVICES ETF
SPDR(R) S&P(R) SOFTWARE & SERVICES finds support from accumulated volume at $150.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.625 between high and low, or 0.407%. For the last week the ETF has had daily average volatility of 0.716%.
Our recommended stop-loss: $145.76 (-5.53%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (XSW) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect SPDR(R) S&P(R) SOFTWARE & SERVICES ETF to open at $154.12, and during the day (based on 14 day Average True Range), to move between $152.16 and $156.42, which gives a possible trading interval of +/-$2.13 (+/-1.38%) up or down from last closing price. If SPDR(R) S&P(R) SOFTWARE & SERVICES ETF takes out the full calculated possible swing range there will be an estimated 2.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $154.57 (0.18%) than the support at $150.33 (2.57%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is SPDR(R) S&P(R) SOFTWARE & SERVICES ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for SPDR(R) S&P(R) SOFTWARE & SERVICES ETF to perform well in the short-term.
Current score: 2.060 Buy Candidate Unchanged
Predicted Opening Price for SPDR(R) S&P(R) SOFTWARE & SERVICES ETF of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$154.12 ( 0.113%) | $154.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XSW
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 154.74 | 0.292 % | |
R2 | 154.50 | 0.137 % | ||
R1 | 154.35 | 0.0413 % | ||
Current price: | 154.29 | |||
Support | S1 | 153.88 | -0.268 % | |
S2 | 153.73 | -0.364 % | ||
S3 | 153.49 | -0.519 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 156.17 | 1.22 % | |
R2 | 154.69 | 0.260 % | ||
R1 | 154.57 | 0.181 % | ||
Current price | 154.29 | |||
Support | S1 | 150.33 | -2.57% | |
S2 | 150.27 | -2.61% | ||
S3 | 141.97 | -7.98% |
XSW Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.0360 | 0.0242% |
2 | Sep 18, 2023 | Sep 18, 2023 | Sep 18, 2023 | $0.100 | 0.0769% |
3 | Jan 26, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.104 | 0.0810% |
4 | Jan 26, 2023 | Mar 20, 2023 | Mar 23, 2023 | $0.0670 | 0.0577% |
5 | Jan 17, 2022 | Dec 19, 2022 | Dec 22, 2022 | $0.0680 | 0.0635% |
FAQ
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