SPDR S&P International Dividend ETF Forecast
SPDR S&P International Dividend ETF upgraded to Buy Candidate.
(Updated on Jun 25, 2024)
The SPDR S&P International Dividend ETF price gained 0.130% on the last trading day (Tuesday, 25th Jun 2024), rising from $34.58 to $34.63. During the last trading day the ETF fluctuated 0.318% from a day low at $34.55 to a day high of $34.66. The price has fallen in 6 of the last 10 days and is down by -2.11% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 35 thousand shares were bought and sold for approximately $1.20 million.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $34.24 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 2.68% during the next 3 months and, with a 90% probability hold a price between $35.16 and $37.21 at the end of this 3-month period.
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DWX Signals & Forecast
The SPDR S&P International Dividend 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 $34.86 and $35.29. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 0.130%. Further rise is indicated until a new top pivot has been found. SPDR S&P International Dividend has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for SPDR S&P International Dividend ETF
SPDR S&P International Dividend finds support from accumulated volume at $34.50 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 $0.110 between high and low, or 0.318%. For the last week the ETF has had daily average volatility of 0.358%.
Our recommended stop-loss: $32.38 (-6.47%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (DWX) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect SPDR S&P International Dividend ETF to open at $34.61, and during the day (based on 14 day Average True Range), to move between $34.36 and $34.89, which gives a possible trading interval of +/-$0.264 (+/-0.76%) up or down from last closing price. If SPDR S&P International Dividend ETF takes out the full calculated possible swing range there will be an estimated 1.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $34.50 (0.36%) than the resistance at $35.04 (1.20%), 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 S&P International Dividend ETF ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.393 Buy Candidate Upgraded
Predicted Opening Price for SPDR S&P International Dividend ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $34.61 ( 0.0385%) | $34.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DWX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34.72 | 0.279% |
| R2 | 34.68 | 0.158% |
| R1 | 34.65 | 0.0828% |
| Price | 34.63 | |
| S1 | 34.57 | -0.160% |
| S2 | 34.54 | -0.235% |
| S3 | 34.50 | -0.356% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.32 | 2.01% |
| R2 | 35.25 | 1.81% |
| R1 | 35.04 | 1.20% |
| Price | 34.63 | |
| S1 | 34.50 | -0.361% |
| S2 | 34.31 | -0.91% |
| S3 | 33.58 | -3.02% |
DWX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 21, 2024 | $0.166 | 0.471% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.320 | 0.92% |
| 3 | Jan 26, 2023 | Sep 18, 2023 | Sep 21, 2023 | $0.383 | 1.14% |
| 4 | Jan 26, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.608 | 1.80% |
| 5 | Jan 26, 2023 | Mar 20, 2023 | Mar 23, 2023 | $0.155 | 0.463% |
FAQ
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