Spdr Bloomberg Barclays Emerging Markets ETF Forecast

Green day on Wednesday for Spdr Bloomberg Barclays Emerging Markets
(Updated on Jun 26, 2024)

EMDL.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 1.08%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Spdr Bloomberg Barclays Emerging Markets 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Spdr Bloomberg Barclays Emerging Markets ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at £43.52. On a fall, the ETF will find some support from the short-term average at £43.11. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Spdr Bloomberg Barclays Emerging Markets ETF

Spdr Bloomberg Barclays Emerging Markets finds support from accumulated volume at £43.06 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 £0.0476 between high and low, or 0.110%. For the last week the ETF has had daily average volatility of 0.261%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Thursday, 27th we expect Spdr Bloomberg Barclays Emerging Markets Local Bond Ucits Etf (dist) to open at £43.17, and during the day (based on 14 day Average True Range), to move between £42.98 and £43.32, which gives a possible trading interval of +/-£0.170 (+/-0.39%) up or down from last closing price. If Spdr Bloomberg Barclays Emerging Markets Local Bond Ucits Etf (dist) takes out the full calculated possible swing range there will be an estimated 0.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £43.06 (0.21%) than the resistance at £43.88 (1.69%), 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 Bloomberg Barclays Emerging Markets Local Bond Ucits Etf (dist) ETF A Buy?

Spdr Bloomberg Barclays Emerging Markets holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -3.344 Sell Candidate Unchanged

Predicted Opening Price for Spdr Bloomberg Barclays Emerging Markets Local Bond Ucits Etf (dist) of Thursday, June 27, 2024

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