SPDR S&P Kensho Smart Mobility ETF Forecast
SPDR S&P Kensho Smart Mobility ETF upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The SPDR S&P Kensho Smart Mobility ETF price fell by -0.90% on the last day (Tuesday, 25th Jun 2024) from $27.65 to $27.40. It has now fallen 5 days in a row. During the last trading day the ETF fluctuated 1.10% from a day low at $27.33 to a day high of $27.63. The price has fallen in 8 of the last 10 days and is down by -6.36% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -4 thousand shares and in total, 6 thousand shares were bought and sold for approximately $164.84 thousand.
The ETF is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect SPDR S&P Kensho Smart Mobility ETF with a 90% probability to be traded between $26.66 and $30.10 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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HAIL Signals & Forecast
There are few to no technical positive signals at the moment. The SPDR S&P Kensho Smart Mobility 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 $27.96 and $28.99. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -8.27%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for SPDR S&P Kensho Smart Mobility ETF
SPDR S&P Kensho Smart Mobility finds support from accumulated volume at $27.35 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 controlled movements and therefore the general risk is considered 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 $0.301 between high and low, or 1.10%. For the last week the ETF has had daily average volatility of 0.94%.
Our recommended stop-loss: $25.67 (-6.32%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (HAIL) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect SPDR S&P Kensho Smart Mobility ETF to open at $27.45, and during the day (based on 14 day Average True Range), to move between $26.99 and $27.81, which gives a possible trading interval of +/-$0.415 (+/-1.51%) up or down from last closing price. If SPDR S&P Kensho Smart Mobility ETF takes out the full calculated possible swing range there will be an estimated 3.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $27.35 (0.18%) than the resistance at $27.57 (0.62%), 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 S&P Kensho Smart Mobility ETF ETF A Buy?
SPDR S&P Kensho Smart Mobility holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.352 Hold/Accumulate Upgraded
Predicted Opening Price for SPDR S&P Kensho Smart Mobility ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $27.45 ( 0.194%) | $27.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HAIL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.75 | 1.29% |
| R2 | 27.64 | 0.87% |
| R1 | 27.57 | 0.613% |
| Price | 27.40 | |
| S1 | 27.34 | -0.226% |
| S2 | 27.27 | -0.485% |
| S3 | 27.15 | -0.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.98 | 2.12% |
| R2 | 27.84 | 1.61% |
| R1 | 27.57 | 0.620% |
| Price | 27.40 | |
| S1 | 27.35 | -0.182% |
| S2 | 27.30 | -0.363% |
| S3 | 27.09 | -1.13% |
HAIL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 21, 2024 | $0.148 | 0.509% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.267 | 0.88% |
| 3 | Jan 19, 2023 | Sep 18, 2023 | Sep 21, 2023 | $0.274 | 0.91% |
| 4 | Jan 19, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.166 | 0.530% |
| 5 | Jan 19, 2023 | Mar 20, 2023 | Mar 23, 2023 | $0.117 | 0.381% |
FAQ
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