SPDR Blackstone High Income ETF Forecast
Green day on Friday for SPDR Blackstone High Income ETF after gaining 0.142%
(Updated on May 31, 2024)
The SPDR Blackstone High Income ETF price gained 0.142% on the last trading day (Friday, 31st May 2024), rising from $28.18 to $28.22. During the last trading day the ETF fluctuated 0.355% from a day low at $28.15 to a day high of $28.25. The price has fallen in 6 of the last 10 days and is down by -0.42% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 155 thousand shares were bought and sold for approximately $4.38 million.
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 Blackstone High Income ETF with a 90% probability to be traded between $28.21 and $28.68 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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HYBL Signals & Forecast
The SPDR Blackstone High Income 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 $28.20 and $28.16. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Thursday, May 16, 2024, and so far it has fallen -0.423%. 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). The ETF had a Golden Star Signal on Monday, May 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 27, 2023.
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
The ETF had a Golden Star Signal on Monday, May 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 27, 2023.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, May 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 27, 2023.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.
A buy signal from a double bottom formation was found on Wednesday, May 01, 2024 with a target of $28.14. Despite whether the objective of the signal formation has been reached the ETF may continue to perform well.
Support, Risk & Stop-loss for SPDR Blackstone High Income ETF
SPDR Blackstone High Income finds support from accumulated volume at $28.21 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.100 between high and low, or 0.355%. For the last week the ETF has had daily average volatility of 0.242%.
Our recommended stop-loss: $26.27 (-6.92%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (HYBL) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect SPDR Blackstone High Income ETF to open at $28.21, and during the day (based on 14 day Average True Range), to move between $28.12 and $28.32, which gives a possible trading interval of +/-$0.104 (+/-0.37%) up or down from last closing price. If SPDR Blackstone High Income ETF takes out the full calculated possible swing range there will be an estimated 0.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $28.21 (0.04%) than the resistance at $28.24 (0.07%), 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 Blackstone High Income ETF 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 Blackstone High Income ETF to perform well in the short-term period.
Current score: 2.522 Buy Candidate Unchanged
Predicted Opening Price for SPDR Blackstone High Income ETF of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $28.21 ( 0.0472%) | $28.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HYBL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.31 | 0.307 % | |
| R2 | 28.27 | 0.172 % | ||
| R1 | 28.24 | 0.0881 % | ||
| Current price: | 28.22 | |||
| Support | S1 | 28.17 | -0.183 % | |
| S2 | 28.14 | -0.266 % | ||
| S3 | 28.11 | -0.402 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.30 | 0.283 % | |
| R2 | 28.25 | 0.106 % | ||
| R1 | 28.24 | 0.0709 % | ||
| Current price | 28.22 | |||
| Support | S1 | 28.21 | -0.0358% | |
| S2 | 28.18 | -0.142% | ||
| S3 | 28.06 | -0.567% |
HYBL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 01, 2024 | $0.187 | 0.668% |
| 2 | Mar 28, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.191 | 0.680% |
| 3 | Mar 01, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.180 | 0.643% |
| 4 | Feb 01, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.190 | 0.677% |
| 5 | Dec 15, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.260 | 0.93% |
FAQ
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