SPDR(R) BLOOMBERG BARCLAYS EMERGING ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
SPDR(R) BLOOMBERG BARCLAYS EMERGING ETF price down 0.551% on Wednesday
(Updated on Jun 26, 2024)
The SPDR(R) BLOOMBERG BARCLAYS EMERGING ETF price fell by -0.551% on the last day (Wednesday, 26th Jun 2024) from $19.95 to $19.84. During the last trading day the ETF fluctuated 0.202% from a day low at $19.84 to a day high of $19.88. The price has fallen in 6 of the last 10 days and is down by -0.4% for this period. Volume has increased on the last day by 81 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 296 thousand shares were bought and sold for approximately $5.88 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 $19.23 and $20.05 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
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $19.91 and $20.13. 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 -3.22%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for SPDR(R) BLOOMBERG BARCLAYS EMERGING ETF
SPDR(R) BLOOMBERG BARCLAYS EMERGING finds support from accumulated volume at $19.77 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 $0.0401 between high and low, or 0.202%. For the last week the ETF has had daily average volatility of 0.292%.
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 Thursday 27th
For the upcoming trading day on Thursday, 27th we expect SPDR(R) BLOOMBERG BARCLAYS EMERGING MARKETS LOCAL BOND ETF to open at $19.85, and during the day (based on 14 day Average True Range), to move between $19.73 and $19.95, which gives a possible trading interval of +/-$0.105 (+/-0.53%) 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 1.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.77 (0.35%) than the resistance at $19.92 (0.40%), 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: -4.574 Sell Candidate Unchanged
Predicted Opening Price for SPDR(R) BLOOMBERG BARCLAYS EMERGING MARKETS LOCAL BOND ETF of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $19.85 ( 0.0674%) | $19.84 |
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 | 19.89 | 0.269% |
| R2 | 19.88 | 0.192% |
| R1 | 19.87 | 0.145% |
| Price | 19.84 | |
| S1 | 19.84 | -0.0098% |
| S2 | 19.83 | -0.0575% |
| S3 | 19.81 | -0.135% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.19 | 1.76% |
| R2 | 20.09 | 1.26% |
| R1 | 19.92 | 0.403% |
| Price | 19.84 | |
| S1 | 19.77 | -0.353% |
| S2 | 0 | - |
| S3 | 0 | - |
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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