SPDR(R) S&P(R) SOFTWARE & SERVICES ETF Forecast
SPDR(R) S&P(R) SOFTWARE & SERVICES ETF price ended at $148.01 on Wednesday, after gaining 0.142%.
(Updated on Apr 24, 2024)
The SPDR(R) S&P(R) SOFTWARE & SERVICES ETF price gained 0.142% on the last trading day (Wednesday, 24th Apr 2024), rising from $147.80 to $148.01. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.173% from a day low at $148.01 to a day high of $148.27. The price has fallen in 6 of the last 10 days and is down by -1.24% for this period. Volume fell on the last day by -7 thousand shares and in total, 3 thousand shares were bought and sold for approximately $494.06 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.63% during the next 3 months and, with a 90% probability hold a price between $137.36 and $150.71 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
XSW Signals & Forecast
There are mixed signals in the ETF today. The SPDR(R) S&P(R) SOFTWARE & SERVICES ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $150.68. On a fall, the ETF will find some support from the short-term average at $144.26. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.77%. Further rise is indicated until a new top pivot has been found.
A buy signal from a double bottom formation was found on Tuesday, March 05, 2024 and based on theory for this formation the price should go up by 8.60% to $160.74 within 9 trading days since signal was issued (Thursday, April 25, 2024).
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 $147.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.257 between high and low, or 0.173%. For the last week the ETF has had daily average volatility of 1.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XSW) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect SPDR(R) S&P(R) SOFTWARE & SERVICES ETF to open at $148.10, and during the day (based on 14 day Average True Range), to move between $145.66 and $150.36, which gives a possible trading interval of +/-$2.35 (+/-1.59%) 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 3.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $147.99 (0.01%) than the resistance at $150.27 (1.53%), 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) SOFTWARE & SERVICES ETF ETF A Buy?
SPDR(R) S&P(R) SOFTWARE & SERVICES holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -2.500 Sell Candidate Unchanged
Predicted Opening Price for SPDR(R) S&P(R) SOFTWARE & SERVICES ETF of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $148.10 ( 0.0578%) | $148.01 |
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 | 148.35 | 0.231 % | |
| R2 | 148.25 | 0.165 % | ||
| R1 | 148.19 | 0.124 % | ||
| Current price: | 148.01 | |||
| Support | S1 | 148.00 | -0.0084 % | |
| S2 | 147.94 | -0.0494 % | ||
| S3 | 147.84 | -0.116 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 156.17 | 5.51 % | |
| R2 | 154.57 | 4.43 % | ||
| R1 | 150.27 | 1.53 % | ||
| Current price | 148.01 | |||
| Support | S1 | 147.99 | -0.0135% | |
| S2 | 145.01 | -2.03% | ||
| S3 | 143.76 | -2.87% |
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
Click here for our free guide on how to buy SPDR(R) S&P(R) SOFTWARE & SERVICES ETF ETF.
