Spdr S&p Emerging Markets Dividend ETF Forecast

Green day on Wednesday for Spdr S&p Emerging Markets Dividend
(Updated on Jun 26, 2024)

EDVD.L Signals & Forecast

The Spdr S&p Emerging Markets Dividend 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 £14.54 and £14.41. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -1.91%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Spdr S&p Emerging Markets Dividend ETF

Spdr S&p Emerging Markets Dividend finds support from accumulated volume at £14.54 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved £0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 5.09%

Our recommended stop-loss: £13.97 (-4.32%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)

Trading Expectations (EDVD.L) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Spdr S&p Emerging Markets Dividend Aristocrats Ucits Etf to open at £14.61, and during the day (based on 14 day Average True Range), to move between £14.28 and £14.93, which gives a possible trading interval of +/-£0.321 (+/-2.20%) up or down from last closing price. If Spdr S&p Emerging Markets Dividend Aristocrats Ucits Etf takes out the full calculated possible swing range there will be an estimated 4.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £14.54 (0.45%) than the resistance at £14.70 (0.63%), 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 Emerging Markets Dividend Aristocrats Ucits Etf ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Spdr S&p Emerging Markets Dividend ETF to perform well in the short-term.

Current score: 3.599 Buy Candidate Unchanged

Predicted Opening Price for Spdr S&p Emerging Markets Dividend Aristocrats Ucits Etf of Thursday, June 27, 2024

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