SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF Stock Forecast
Red day on Wednesday for SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF
(Updated on Mar 27, 2024)
No changes to the price of SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 4.98% from a day low at £100.50 to a day high of £105.50. The price has fallen in 5 of the last 10 days and is down by -6.82% for this period.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF stock with a 90% probability to be traded between £93.59 and £133.02 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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XAR.L Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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) AEROSPACE & DEFENSE ETF 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 £106.79 and £109.76. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -9.69%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF stock
SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF 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 £5.00 between high and low, or 4.98%. For the last week, the stock has had daily average volatility of 5.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XAR.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF to open at £102.83, and during the day (based on 14 day Average True Range), to move between £96.95 and £108.05, which gives a possible trading interval of +/-£5.55 (+/-5.41%) up or down from last closing price. If SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF takes out the full calculated possible swing range there will be an estimated 10.83% 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 (1.95%) than the resistance at £105.00 (2.44%), 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) AEROSPACE & DEFENSE ETF stock A Buy?
SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF holds several negative signals and is within a very 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: -3.072 Sell Candidate Unchanged
Predicted Opening Price for SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£102.83 ( 0.325%) | £102.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XAR.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 107.83 | 5.20 % | |
R2 | 105.92 | 3.34 % | ||
R1 | 104.74 | 2.19 % | ||
Current price: | 102.50 | |||
Support | S1 | 100.92 | -1.54 % | |
S2 | 99.74 | -2.69 % | ||
S3 | 97.83 | -4.55 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 109.00 | 6.34 % | |
R2 | 107.50 | 4.88 % | ||
R1 | 105.00 | 2.44 % | ||
Current price | 102.50 | |||
Support | S1 | 100.50 | -1.95% | |
S2 | 100.00 | -2.44% | ||
S3 | 94.40 | -7.90% |
XAR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 05, 2018 | Sep 13, 2018 | Oct 12, 2018 | £1.00 | 0.647% |
2 | Mar 21, 2018 | May 31, 2018 | Jun 29, 2018 | £6.80 | 2.84% |
3 | Sep 06, 2017 | Sep 14, 2017 | Oct 12, 2017 | £3.40 | 0.739% |
4 | Mar 22, 2017 | May 25, 2017 | Jun 26, 2017 | £6.70 | 1.86% |
5 | Aug 24, 2016 | Sep 01, 2016 | Sep 30, 2016 | £3.30 | 0.660% |
FAQ
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