SPDR S&P Kensho Smart Mobility ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
SPDR S&P Kensho Smart Mobility ETF downgraded to Sell Candidate
(Updated on Jun 28, 2024)
The SPDR S&P Kensho Smart Mobility ETF price fell by -0.375% on the last day (Friday, 28th Jun 2024) from $27.88 to $27.77. During the last trading day the ETF fluctuated 1.88% from a day low at $27.63 to a day high of $28.15. The price has fallen in 8 of the last 10 days and is down by -3.78% for this period. Volume has increased on the last day by 13 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 15 thousand shares were bought and sold for approximately $426.55 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 $26.70 and $30.14 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 mixed signals in the ETF today. The SPDR S&P Kensho Smart Mobility ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $28.88. On a fall, the ETF will find some support from the short-term average at $27.74. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). SPDR S&P Kensho Smart Mobility gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 1.36%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for SPDR S&P Kensho Smart Mobility ETF
SPDR S&P Kensho Smart Mobility finds support from accumulated volume at $27.57 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 $0.520 (1.88%) between high and low. For the last week, the ETF has had daily average volatility of 1.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HAIL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect SPDR S&P Kensho Smart Mobility ETF to open at $27.85, and during the day (based on 14 day Average True Range), to move between $27.36 and $28.18, which gives a possible trading interval of +/-$0.410 (+/-1.48%) 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 2.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.84 (0.24%) than the support at $27.57 (0.73%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is SPDR S&P Kensho Smart Mobility ETF ETF A Buy?
SPDR S&P Kensho Smart Mobility holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.431 Sell Candidate Downgraded
Predicted Opening Price for SPDR S&P Kensho Smart Mobility ETF of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $27.85 ( 0.280%) | $27.77 |
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 | 28.37 | 2.15% |
| R2 | 28.17 | 1.44% |
| R1 | 28.05 | 0.99% |
| Price | 27.77 | |
| S1 | 27.65 | -0.436% |
| S2 | 27.53 | -0.88% |
| S3 | 27.33 | -1.59% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.78 | 3.63% |
| R2 | 27.98 | 0.744% |
| R1 | 27.84 | 0.242% |
| Price | 27.77 | |
| S1 | 27.57 | -0.733% |
| S2 | 27.35 | -1.52% |
| S3 | 27.30 | -1.70% |
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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