SPDR(R) S&P(R) EMERGING MARKETS DIVIDEND 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
Evaluation of SPDR(R) S&P(R) EMERGING MARKETS DIVIDEND ETF downgraded after the last trading session.
(Updated on Jun 26, 2024)
The SPDR(R) S&P(R) EMERGING MARKETS DIVIDEND ETF price fell by -0.621% on the last day (Wednesday, 26th Jun 2024) from $35.40 to $35.18. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.83% from a day low at $35.05 to a day high of $35.34. The price has risen in 6 of the last 10 days and is up by 0.23% over the past 2 weeks. Volume has increased on the last day by 7 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, 74 thousand shares were bought and sold for approximately $2.61 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 $34.88 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 8.92% during the next 3 months and, with a 90% probability hold a price between $37.99 and $40.73 at the end of this 3-month period.
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EDIV 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) S&P(R) EMERGING MARKETS DIVIDEND ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $35.61 and $35.40. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -2.58%. 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) S&P(R) EMERGING MARKETS DIVIDEND ETF
SPDR(R) S&P(R) EMERGING MARKETS DIVIDEND finds support from accumulated volume at $33.61 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 $0.290 between high and low, or 0.83%. For the last week the ETF has had daily average volatility of 0.675%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EDIV) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect SPDR(R) S&P(R) EMERGING MARKETS DIVIDEND ETF to open at $35.19, and during the day (based on 14 day Average True Range), to move between $34.86 and $35.50, which gives a possible trading interval of +/-$0.325 (+/-0.92%) up or down from last closing price. If SPDR(R) S&P(R) EMERGING MARKETS DIVIDEND ETF takes out the full calculated possible swing range there will be an estimated 1.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.28 (0.28%) than the support at $33.61 (4.46%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is SPDR(R) S&P(R) EMERGING MARKETS DIVIDEND ETF ETF A Buy?
The SPDR(R) S&P(R) EMERGING MARKETS DIVIDEND ETF holds several negative signals and despite the positive trend, we believe SPDR(R) S&P(R) EMERGING MARKETS DIVIDEND will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Sell candidate.
Current score: -5.372 Strong Sell Candidate Downgraded
Predicted Opening Price for SPDR(R) S&P(R) EMERGING MARKETS DIVIDEND ETF of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $35.19 ( 0.0284%) | $35.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EDIV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.48 | 0.85% |
| R2 | 35.37 | 0.538% |
| R1 | 35.30 | 0.343% |
| Price | 35.18 | |
| S1 | 35.08 | -0.286% |
| S2 | 35.01 | -0.481% |
| S3 | 34.90 | -0.796% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.93 | 2.13% |
| R2 | 35.78 | 1.71% |
| R1 | 35.28 | 0.284% |
| Price | 35.18 | |
| S1 | 33.61 | -4.46% |
| S2 | 33.55 | -4.63% |
| S3 | 33.01 | -6.17% |
EDIV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 21, 2024 | $0.177 | 0.522% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.0520 | 0.165% |
| 3 | Jan 26, 2023 | Sep 18, 2023 | Sep 21, 2023 | $0.89 | 2.98% |
| 4 | Jan 26, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.386 | 1.36% |
| 5 | Jan 26, 2023 | Mar 20, 2023 | Mar 23, 2023 | $0.0610 | 0.236% |
FAQ
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