SPDR(R) BLOOMBERG BARCLAYS EMERGING ETF Forecast
Green day on Friday for SPDR(R) BLOOMBERG BARCLAYS EMERGING
(Updated on Jun 21, 2024)
The SPDR(R) BLOOMBERG BARCLAYS EMERGING ETF price gained 0.151% on the last trading day (Friday, 21st Jun 2024), rising from $19.87 to $19.90. During the last trading day the ETF fluctuated 0.302% from a day low at $19.87 to a day high of $19.93. The price has fallen in 6 of the last 10 days and is down by -0.95% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 61 thousand more shares were traded than the day before. In total, 269 thousand shares were bought and sold for approximately $5.36 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 EMERGING ETF with a 90% probability to be traded between $19.17 and $20.00 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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EBND Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.252%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SPDR(R) BLOOMBERG BARCLAYS EMERGING 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 $19.90 and $20.15. 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).
Support, Risk & Stop-loss for SPDR(R) BLOOMBERG BARCLAYS EMERGING ETF
SPDR(R) BLOOMBERG BARCLAYS EMERGING finds support from accumulated volume at $19.88 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 $0.0600 between high and low, or 0.302%. For the last week the ETF has had daily average volatility of 0.277%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EBND) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect SPDR(R) BLOOMBERG BARCLAYS EMERGING MARKETS LOCAL BOND ETF to open at $19.90, and during the day (based on 14 day Average True Range), to move between $19.80 and $20.00, which gives a possible trading interval of +/-$0.104 (+/-0.52%) up or down from last closing price. If SPDR(R) BLOOMBERG BARCLAYS EMERGING MARKETS LOCAL BOND ETF takes out the full calculated possible swing range there will be an estimated 1.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.88 (0.10%) than the resistance at $19.92 (0.10%), 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 EMERGING MARKETS LOCAL BOND ETF ETF A Buy?
SPDR(R) BLOOMBERG BARCLAYS EMERGING 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: -2.988 Sell Candidate Unchanged
Predicted Opening Price for SPDR(R) BLOOMBERG BARCLAYS EMERGING MARKETS LOCAL BOND ETF of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
$19.90 ( 0%) | $19.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EBND
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 19.96 | 0.302% |
R2 | 19.94 | 0.186% |
R1 | 19.92 | 0.115% |
Price | 19.90 | |
S1 | 19.88 | -0.115% |
S2 | 19.86 | -0.186% |
S3 | 19.84 | -0.302% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 20.19 | 1.46% |
R2 | 20.09 | 0.95% |
R1 | 19.92 | 0.101% |
Price | 19.90 | |
S1 | 19.88 | -0.101% |
S2 | 19.87 | -0.151% |
S3 | 19.86 | -0.201% |
EBND Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 01, 2024 | May 01, 2024 | May 07, 2024 | $0.0960 | 0.475% |
2 | Jan 03, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.0993 | 0.486% |
3 | Jan 03, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.0910 | 0.437% |
4 | Jan 03, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.101 | 0.487% |
5 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.0840 | 0.401% |
FAQ
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