Spdr S&p 500 Esg Leaders Ucits Etf ETF Forecast

Green day on Friday for Spdr S&p 500 Esg Leaders Ucits Etf ETF after gaining 0.356%
(Updated on Jun 28, 2024)

500X.AS Signals & Forecast

The Spdr S&p 500 Esg Leaders Ucits Etf 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 36.57€ and 35.39€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -0.354%. Further fall is indicated until a new bottom pivot has been found. 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. The ETF had a Golden Star Signal on Thursday, November 02, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for Spdr S&p 500 Esg Leaders Ucits Etf ETF

On the downside, the ETF finds support just below today's level from accumulated volume at 34.23€ and 34.12€. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Spdr S&p 500 Esg Leaders Ucits Etf finds support just below today's level at 34.23€. If this is broken, then the next support from accumulated volume will be at 34.12€ and 33.44€.

In general the ETF tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the ETF. During the last day, the ETF moved 0.235€ between high and low, or 0.642%. For the last week the ETF has had daily average volatility of 0.612%.

Our recommended stop-loss: 35.51€ (-3.08%) (This ETF has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 48 days ago.)

Trading Expectations (500X.AS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Spdr S&p 500 Esg Leaders Ucits Etf to open at 36.69€, and during the day (based on 14 day Average True Range), to move between 36.38€ and 36.89€, which gives a possible trading interval of +/-0.255€ (+/-0.70%) up or down from last closing price. If Spdr S&p 500 Esg Leaders Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 36.66€ (0.07%) than the support at 34.23€ (6.56%), 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 S&p 500 Esg Leaders Ucits 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 S&p 500 Esg Leaders Ucits Etf ETF to perform well in the short-term.

Current score: 2.630 Buy Candidate Unchanged

Predicted Opening Price for Spdr S&p 500 Esg Leaders Ucits Etf of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.