SPDR(R) S&P GLOBAL INFRASTRUCTURE ETF Forecast
Red day on Friday for SPDR(R) S&P GLOBAL INFRASTRUCTURE ETF after losing 0%
(Updated on Jun 28, 2024)
No changes to the price of SPDR(R) S&P GLOBAL INFRASTRUCTURE ETF on the last trading day (Friday, 28th Jun 2024). During the last trading day the ETF fluctuated 0.83% from a day low at $54.40 to a day high of $54.85. The price has fallen in 5 of the last 10 days and is down by -0.74% for this period.
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 $53.64 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 4.74% during the next 3 months and, with a 90% probability hold a price between $56.19 and $61.61 at the end of this 3-month period.
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GII Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and 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) S&P GLOBAL INFRASTRUCTURE 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 $54.93 and $55.98. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -5.08%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for SPDR(R) S&P GLOBAL INFRASTRUCTURE ETF
SPDR(R) S&P GLOBAL INFRASTRUCTURE finds support from accumulated volume at $54.60 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 $0.450 between high and low, or 0.83%. For the last week the ETF has had daily average volatility of 0.731%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GII) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect SPDR(R) S&P GLOBAL INFRASTRUCTURE ETF to open at $54.63, and during the day (based on 14 day Average True Range), to move between $54.11 and $55.19, which gives a possible trading interval of +/-$0.545 (+/-1.00%) up or down from last closing price. If SPDR(R) S&P GLOBAL INFRASTRUCTURE ETF takes out the full calculated possible swing range there will be an estimated 1.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $54.60 (0.09%) than the resistance at $55.06 (0.75%), 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) S&P GLOBAL INFRASTRUCTURE ETF ETF A Buy?
The SPDR(R) S&P GLOBAL INFRASTRUCTURE ETF holds several negative signals and despite the positive trend, we believe SPDR(R) S&P GLOBAL INFRASTRUCTURE will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.724 Sell Candidate Unchanged
Predicted Opening Price for SPDR(R) S&P GLOBAL INFRASTRUCTURE ETF of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $54.63 ( 0.0304%) | $54.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GII
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 55.08 | 0.793% |
| R2 | 54.91 | 0.478% |
| R1 | 54.81 | 0.284% |
| Price | 54.65 | |
| S1 | 54.46 | -0.345% |
| S2 | 54.36 | -0.539% |
| S3 | 54.18 | -0.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 56.70 | 3.75% |
| R2 | 55.21 | 1.02% |
| R1 | 55.06 | 0.747% |
| Price | 54.65 | |
| S1 | 54.60 | -0.0915% |
| S2 | 54.11 | -0.99% |
| S3 | 54.02 | -1.15% |
GII Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $1.20 | 2.27% |
| 2 | May 31, 2023 | Jun 01, 2023 | Jun 08, 2023 | $0.779 | 1.46% |
| 3 | Jan 24, 2022 | Dec 16, 2022 | Dec 23, 2022 | $0.88 | 1.66% |
| 4 | Jan 24, 2022 | Jun 01, 2022 | Jun 08, 2022 | $0.727 | 1.26% |
| 5 | Jan 28, 2021 | Dec 17, 2021 | Dec 27, 2021 | $1.65 | 3.06% |
FAQ
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