SPDR(R) BLOOMBERG BARCLAYS INTERNATIONAL ETF Forecast
Red day on Friday for SPDR(R) BLOOMBERG BARCLAYS INTERNATIONAL ETF after losing 0.231%
(Updated on Jun 21, 2024)
The SPDR(R) BLOOMBERG BARCLAYS INTERNATIONAL ETF price fell by -0.231% on the last day (Friday, 21st Jun 2024) from $21.61 to $21.56. During the last trading day the ETF fluctuated 0.348% from a day low at $21.53 to a day high of $21.61. The price has fallen in 8 of the last 10 days and is down by -1.46% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -75 thousand shares and in total, 90 thousand shares were bought and sold for approximately $1.94 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect SPDR(R) BLOOMBERG BARCLAYS INTERNATIONAL ETF with a 90% probability to be traded between $20.75 and $21.46 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 ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BWX Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 0.279%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SPDR(R) BLOOMBERG BARCLAYS INTERNATIONAL ETF 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 $21.63 and $21.75. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A buy signal from a double bottom formation was found on Tuesday, June 11, 2024 and based on theory for this formation the price should go up by 3.13% to $22.23 within 29 trading days since signal was issued (Wednesday, July 24, 2024).
Support, Risk & Stop-loss for SPDR(R) BLOOMBERG BARCLAYS INTERNATIONAL ETF
SPDR(R) BLOOMBERG BARCLAYS INTERNATIONAL finds support from accumulated volume at $21.50 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 $0.0750 between high and low, or 0.348%. For the last week the ETF has had daily average volatility of 0.384%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BWX) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect SPDR(R) BLOOMBERG BARCLAYS INTERNATIONAL TREASURY BOND ETF to open at $21.57, and during the day (based on 14 day Average True Range), to move between $21.43 and $21.69, which gives a possible trading interval of +/-$0.132 (+/-0.61%) up or down from last closing price. If SPDR(R) BLOOMBERG BARCLAYS INTERNATIONAL TREASURY BOND ETF takes out the full calculated possible swing range there will be an estimated 1.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.50 (0.28%) than the resistance at $21.69 (0.60%), 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) BLOOMBERG BARCLAYS INTERNATIONAL TREASURY BOND ETF ETF A Buy?
SPDR(R) BLOOMBERG BARCLAYS INTERNATIONAL holds several negative signals and is within a narrow 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 ETF.
Current score: -2.470 Sell Candidate Unchanged
Predicted Opening Price for SPDR(R) BLOOMBERG BARCLAYS INTERNATIONAL TREASURY BOND ETF of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $21.57 ( 0.0232%) | $21.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BWX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.64 | 0.371% |
| R2 | 21.61 | 0.238% |
| R1 | 21.59 | 0.156% |
| Price | 21.56 | |
| S1 | 21.54 | -0.110% |
| S2 | 21.52 | -0.192% |
| S3 | 21.49 | -0.325% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.26 | 3.25% |
| R2 | 22.10 | 2.50% |
| R1 | 21.69 | 0.603% |
| Price | 21.56 | |
| S1 | 21.50 | -0.278% |
| S2 | 21.42 | -0.649% |
| S3 | 21.40 | -0.742% |
BWX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 07, 2024 | $0.0343 | 0.157% |
| 2 | Jan 03, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.0361 | 0.163% |
| 3 | Jan 03, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.0356 | 0.158% |
| 4 | Jan 03, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.0376 | 0.169% |
| 5 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.0280 | 0.123% |
FAQ
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