SPDR(R) BLOOMBERG BARCLAYS SHORT TERM ETF Forecast
SPDR(R) BLOOMBERG BARCLAYS SHORT TERM ETF price ended at $25.65 on Thursday, after losing 0.0779%.
(Updated on Jun 27, 2024)
The SPDR(R) BLOOMBERG BARCLAYS SHORT TERM ETF price fell by -0.0779% on the last day (Thursday, 27th Jun 2024) from $25.67 to $25.65. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.390% from a day low at $25.65 to a day high of $25.75. The price has fallen in 7 of the last 10 days and is down by -1.04% 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 -21 thousand shares and in total, 40 thousand shares were bought and sold for approximately $1.03 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 SHORT TERM ETF with a 90% probability to be traded between $25.14 and $25.77 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.
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BWZ Signals & Forecast
There are few to no technical positive signals at the moment. The SPDR(R) BLOOMBERG BARCLAYS SHORT TERM 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 $25.74 and $25.96. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -2.19%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for SPDR(R) BLOOMBERG BARCLAYS SHORT TERM ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
In general the ETF tends to have very controlled movements and therefore the general risk is considered very 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 $0.100 between high and low, or 0.390%. For the last week the ETF has had daily average volatility of 0.531%
SPDR(R) BLOOMBERG BARCLAYS SHORT TERM is oversold on RSI14 (21). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BWZ) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect SPDR(R) BLOOMBERG BARCLAYS SHORT TERM INTERNATIONAL TREASURY BOND ETF to open at $25.68, and during the day (based on 14 day Average True Range), to move between $25.49 and $25.81, which gives a possible trading interval of +/-$0.160 (+/-0.63%) up or down from last closing price. If SPDR(R) BLOOMBERG BARCLAYS SHORT TERM INTERNATIONAL TREASURY BOND ETF takes out the full calculated possible swing range there will be an estimated 1.25% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $25.67, some $0.0200 (0.08%) from the current price of $25.65, our system finds the risk reward not very attractive.
Is SPDR(R) BLOOMBERG BARCLAYS SHORT TERM INTERNATIONAL TREASURY BOND ETF ETF A Buy?
SPDR(R) BLOOMBERG BARCLAYS SHORT TERM 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: -4.422 Sell Candidate Unchanged
Predicted Opening Price for SPDR(R) BLOOMBERG BARCLAYS SHORT TERM INTERNATIONAL TREASURY BOND ETF of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $25.68 ( 0.130%) | $25.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BWZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.78 | 0.520% |
| R2 | 25.75 | 0.371% |
| R1 | 25.72 | 0.279% |
| Price | 25.65 | |
| S1 | 25.65 | -0.0190% |
| S2 | 25.62 | -0.111% |
| S3 | 25.58 | -0.260% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.01 | 1.40% |
| R2 | 25.87 | 0.85% |
| R1 | 25.67 | 0.0780% |
| Price | 25.65 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
BWZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 07, 2024 | $0.0498 | 0.191% |
| 2 | Jan 03, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.0493 | 0.187% |
| 3 | Jan 03, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.0447 | 0.167% |
| 4 | Jan 03, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.0492 | 0.185% |
| 5 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.0470 | 0.175% |
FAQ
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