Spdr Bloomberg Global Aggregate Bond Usd ETF Forecast
Green day on Tuesday for Spdr Bloomberg Global Aggregate Bond Usd
(Updated on Jun 25, 2024)
The Spdr Bloomberg Global Aggregate Bond Usd ETF price gained 0.0797% on the last trading day (Tuesday, 25th Jun 2024), rising from $25.10 to $25.12. During the last trading day the ETF fluctuated 0.0597% from a day low at $25.12 to a day high of $25.13. The price has risen in 6 of the last 10 days but is still down by -0.16% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately $252.26 thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Spdr Bloomberg Global Aggregate Bond Usd ETF with a 90% probability to be traded between $24.93 and $25.46 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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GLAG.L Signals & Forecast
The Spdr Bloomberg Global Aggregate Bond Usd ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $25.16. On a fall, the ETF will find some support from the long-term average at approximately $25.04. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Spdr Bloomberg Global Aggregate Bond Usd 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. Higher liquidity also reduces the general risk. 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 Wednesday, June 12, 2024, and so far it has fallen -0.505%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Monday, June 03, 2024 in the long-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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Monday, June 03, 2024 in the long-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 Bloomberg Global Aggregate Bond Usd ETF
Spdr Bloomberg Global Aggregate Bond Usd finds support from accumulated volume at $25.02 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 $0.0150 between high and low, or 0.0597%. For the last week the ETF has had daily average volatility of 0.117%.
Our recommended stop-loss: $24.10 (-4.02%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 38 days ago.)
Trading Expectations (GLAG.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Spdr Bloomberg Global Aggregate Bond Usd Hdg Ucits Etf Acc to open at $25.12, and during the day (based on 14 day Average True Range), to move between $25.02 and $25.21, which gives a possible trading interval of +/-$0.0999 (+/-0.40%) up or down from last closing price. If Spdr Bloomberg Global Aggregate Bond Usd Hdg Ucits Etf Acc takes out the full calculated possible swing range there will be an estimated 0.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.02 (0.38%) than the resistance at $25.21 (0.38%), 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 Global Aggregate Bond Usd Hdg Ucits Etf Acc ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Spdr Bloomberg Global Aggregate Bond Usd ETF to perform well in the short-term period.
Current score: 1.090 Buy Candidate Unchanged
Predicted Opening Price for Spdr Bloomberg Global Aggregate Bond Usd Hdg Ucits Etf Acc of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$25.12 ( 0.0199%) | $25.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLAG.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.14 | 0.0796% |
R2 | 25.13 | 0.0568% |
R1 | 25.13 | 0.0427% |
Price | 25.12 | |
S1 | 25.11 | -0.0029% |
S2 | 25.11 | -0.0170% |
S3 | 25.11 | -0.0398% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.25 | 0.538% |
R2 | 25.24 | 0.508% |
R1 | 25.21 | 0.378% |
Price | 25.12 | |
S1 | 25.02 | -0.378% |
S2 | 24.98 | -0.538% |
S3 | 24.70 | -1.65% |
GLAG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 01, 2024 | Feb 01, 2024 | Feb 15, 2024 | $0.339 | 1.35% |
2 | Aug 01, 2023 | Aug 01, 2023 | Aug 01, 2023 | $0.306 | 1.22% |
3 | Feb 01, 2023 | Feb 01, 2023 | Feb 01, 2023 | $0.224 | 0.86% |
4 | Aug 02, 2022 | Aug 02, 2022 | Aug 02, 2022 | $0.190 | 0.712% |
5 | Feb 01, 2022 | Feb 01, 2022 | Feb 01, 2022 | $0.185 | 0.618% |
FAQ
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