High volatility in SPAC and New Issue ETF price on Friday which ended trading at $160.95

The SPAC and New Issue ETF price gained 19.22% on the last trading day (Friday, 12th Jun 2026), rising from $135.00 to $160.95. During the last trading day the ETF fluctuated 17.68% from a day low at $150.00 to a day high of $176.52. The price has been going up and down for this period, and there has been a 628.94% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 504 million more shares were traded than the day before. In total, 504 million shares were bought and sold for approximately $81.10 billion.

On Jun 12, 2026, it was reported that Wolfe Research gave SPCX a "Outperform" grade with a "initialise" action.

The ETF has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $74.03, a level that may pose a second chance to hit a runner.

The SPAC and New Issue ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the ETF. 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 $106.44 and $38.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 18, 2026, and so far it has risen 635.60%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

On the downside, the ETF finds support just below today's level from accumulated volume at $135.00.With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the ETF price.

This ETF may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this ETF is considered to be "very high risk". During the last day, the ETF moved $26.52 between high and low, or 17.68%. For the last week, the ETF has had daily average volatility of 3.54%.

SPAC and New Issue holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.