SPDR FTSE UK All Share UCITS Acc ETF Forecast

Stronger technical forecast for SPDR FTSE UK All Share UCITS Acc ETF price after Thursday trading.
(Updated on Apr 25, 2024)

FTAL.L Signals & Forecast

The SPDR FTSE UK All Share UCITS Acc 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 £64.71 and £63.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.12%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 also not. The ETF had a Golden Star Signal on Thursday, February 15, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for SPDR FTSE UK All Share UCITS Acc ETF

SPDR FTSE UK All Share UCITS Acc finds support from accumulated volume at £64.21 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 £0.480 between high and low, or 0.736%. For the last week the ETF has had daily average volatility of 0.91%

Our recommended stop-loss: £62.55 (-4.43%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (FTAL.L) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect SPDR FTSE UK All Share UCITS ETF Acc to open at £65.43, and during the day (based on 14 day Average True Range), to move between £64.87 and £66.03, which gives a possible trading interval of +/-£0.581 (+/-0.89%) up or down from last closing price. If SPDR FTSE UK All Share UCITS ETF Acc takes out the full calculated possible swing range there will be an estimated 1.78% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ £64.21, some £1.24 (1.89%) from the current price of £65.45, our system finds the risk reward attractive.

Is SPDR FTSE UK All Share UCITS ETF Acc ETF A Buy?

SPDR FTSE UK All Share UCITS Acc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.879 Strong Buy Candidate Upgraded

Predicted Opening Price for SPDR FTSE UK All Share UCITS ETF Acc of Friday, April 26, 2024

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