SPDR Dow Jones Industrial Average ETF Forecast

$397.76
+0.200 (+0.0503%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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SPDR Dow Jones Industrial Average ETF upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 18, 2024 Gain 2.59% PDF

The SPDR Dow Jones Industrial Average ETF price gained 0.0503% on the last trading day (Thursday, 28th Mar 2024), rising from $397.56 to $397.76. During the last trading day the ETF fluctuated 0.382% from a day low at $397.04 to a day high of $398.56. The price has risen in 6 of the last 10 days and is up by 1.97% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 3 million shares were bought and sold for approximately $1.25 billion. 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 upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $399.42 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 5.48% during the next 3 months and, with a 90% probability hold a price between $411.11 and $421.32 at the end of this 3-month period.

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DIA Signals & Forecast

Mostly positive signals in the chart today. The SPDR Dow Jones Industrial Average 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 $395.48 and $389.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 1.24%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation

Support, Risk & Stop-loss for SPDR Dow Jones Industrial Average ETF

SPDR Dow Jones Industrial Average finds support from accumulated volume at $380.07 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 $1.51 between high and low, or 0.382%. For the last week the ETF has had daily average volatility of 0.566%.

Our recommended stop-loss: $379.09 (-4.69%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (DIA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect SPDR Dow Jones Industrial Average ETF to open at $397.79, and during the day (based on 14 day Average True Range), to move between $394.64 and $400.88, which gives a possible trading interval of +/-$3.12 (+/-0.78%) up or down from last closing price. If SPDR Dow Jones Industrial Average ETF takes out the full calculated possible swing range there will be an estimated 1.57% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $380.07, some $17.69 (4.45%) from the current price of $397.76, our system finds the risk reward attractive.

Is SPDR Dow Jones Industrial Average ETF ETF A Buy?

SPDR Dow Jones Industrial Average holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.506 Strong Buy Candidate Upgraded

Predicted Opening Price for SPDR Dow Jones Industrial Average ETF of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$397.79 ( 0.0063%) $397.76

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

Trading levels for DIA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 399.30 0.387 %
R2 398.72 0.242 %
R1 398.36 0.152 %
Current price: 397.76
Support S1 397.21 -0.139 %
S2 396.85 -0.229 %
S3 396.27 -0.375 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 397.76
Support S1 380.07 -4.45%
S2 377.09 -5.20%
S3 374.21 -5.92%

DIA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 15, 2024 Mar 15, 2024 Apr 15, 2024 $0.93 0.235%
2 Jan 02, 2024 Feb 16, 2024 Mar 11, 2024 $0.612 0.158%
3 Jan 02, 2024 Jan 19, 2024 Feb 12, 2024 $0.213 0.0548%
4 Dec 15, 2023 Dec 15, 2023 Dec 15, 2023 $0.83 0.224%
5 Nov 17, 2023 Nov 17, 2023 Nov 17, 2023 $0.707 0.202%

FAQ

What is the symbol for SPDR Dow Jones Industrial Average ETF ETF and on which exchange is it traded?
The symbol for SPDR Dow Jones Industrial Average ETF is DIA and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell SPDR Dow Jones Industrial Average ETF ETF?
SPDR Dow Jones Industrial Average holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

How to buy SPDR Dow Jones Industrial Average ETF ETF?
SPDR Dow Jones Industrial Average ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy SPDR Dow Jones Industrial Average ETF ETF.

What's the current price of SPDR Dow Jones Industrial Average ETF ETF?
As of the end of day on the 2024-03-28, the price of an SPDR Dow Jones Industrial Average ETF (DIA) share was $397.76.

What is the 52-week high and low for SPDR Dow Jones Industrial Average ETF ETF?
The 52-week high for SPDR Dow Jones Industrial Average ETF ETF is $398.81 and the 52-week low is $323.21.

What is the market capitalization of SPDR Dow Jones Industrial Average ETF ETF?
As of the 2024-03-28, the market capitalization of SPDR Dow Jones Industrial Average ETF is 33.278B.
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About SPDR Dow Jones Industrial Average ETF

The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Dow Jones Industrial Average (the â??DJIAâ?�). The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the DJIA (the â??Portfolioâ?�), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in th... DIA Profile

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