SPDR(R) EURO STOXX 50(R) ETF Forecast
SPDR(R) EURO STOXX 50(R) ETF price ended at $50.50 on Tuesday, after gaining 0.0793%.
(Updated on Jun 25, 2024)
The SPDR(R) EURO STOXX 50(R) ETF price gained 0.0793% on the last trading day (Tuesday, 25th Jun 2024), rising from $50.46 to $50.50. During the last trading day the ETF fluctuated 1.03% from a day low at $50.03 to a day high of $50.55. The price has been going up and down for this period, and there has been a -4.21% loss for the last 2 weeks. Volume fell on the last day by -343 thousand shares and in total, 841 thousand shares were bought and sold for approximately $42.45 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $50.53 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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FEZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.0793%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SPDR(R) EURO STOXX 50(R) 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 $50.95 and $52.53. 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) EURO STOXX 50(R) ETF
SPDR(R) EURO STOXX 50(R) finds support from accumulated volume at $50.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.515 (1.03%) between high and low. For the last week, the ETF has had daily average volatility of 0.766%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FEZ) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect SPDR(R) EURO STOXX 50(R) ETF to open at $50.36, and during the day (based on 14 day Average True Range), to move between $49.79 and $51.21, which gives a possible trading interval of +/-$0.710 (+/-1.41%) up or down from last closing price. If SPDR(R) EURO STOXX 50(R) ETF takes out the full calculated possible swing range there will be an estimated 2.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $50.46 (0.08%) than the resistance at $51.37 (1.72%), 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) EURO STOXX 50(R) ETF ETF A Buy?
SPDR(R) EURO STOXX 50(R) holds several negative signals and is within a 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: -1.572 Sell Candidate Unchanged
Predicted Opening Price for SPDR(R) EURO STOXX 50(R) ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $50.36 ( 0.281%) | $50.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FEZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 50.87 | 0.739% |
| R2 | 50.68 | 0.350% |
| R1 | 50.56 | 0.109% |
| Price | 50.50 | |
| S1 | 50.16 | -0.670% |
| S2 | 50.04 | -0.91% |
| S3 | 49.84 | -1.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 53.82 | 6.57% |
| R2 | 51.51 | 2.00% |
| R1 | 51.37 | 1.72% |
| Price | 50.50 | |
| S1 | 50.46 | -0.0792% |
| S2 | 50.26 | -0.475% |
| S3 | 50.14 | -0.713% |
FEZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 21, 2024 | $0.0989 | 0.189% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.119 | 0.252% |
| 3 | Jan 17, 2023 | Sep 18, 2023 | Sep 21, 2023 | $0.120 | 0.282% |
| 4 | Jan 17, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.94 | 2.13% |
| 5 | Jan 17, 2023 | Mar 20, 2023 | Mar 23, 2023 | $0.134 | 0.310% |
FAQ
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