Spdr Bloomberg Euro High Yield Bond ETF Forecast
Evaluation of Spdr Bloomberg Euro High Yield Bond ETF downgraded after the last trading session.
(Updated on Jun 26, 2024)
No changes to the price of Spdr Bloomberg Euro High Yield Bond ETF on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at 51.68€ to a day high of 51.68€. The price has been going up and down for this period, and there has been a -0.2% loss for the last 2 weeks.
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 Euro High Yield Bond ETF with a 90% probability to be traded between 51.96€ and 52.60€ 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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JNKE.L Signals & Forecast
The Spdr Bloomberg Euro High Yield Bond 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 51.64€ and 51.54€. A breakdown below any of these levels will issue sell signals. 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, June 13, 2024, and so far it has fallen -0.337%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 04, 2024.
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 Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 04, 2024.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 Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 04, 2024.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 Euro High Yield Bond ETF
Spdr Bloomberg Euro High Yield Bond finds support from accumulated volume at 51.43€ 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 therefore the general risk is considered very 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€ between high and low, or 0%. For the last week the ETF has had daily average volatility of 0%
Our recommended stop-loss: 49.69€ (-3.85%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (JNKE.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Spdr Bloomberg Euro High Yield Bond Ucits Etf to open at 51.68€, and during the day (based on 14 day Average True Range), to move between 51.60€ and 51.76€, which gives a possible trading interval of +/-0.0835€ (+/-0.16%) up or down from last closing price. If Spdr Bloomberg Euro High Yield Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 51.70€ (0.04%) than the support at 51.43€ (0.48%), 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 Bloomberg Euro High Yield Bond Ucits Etf ETF A Buy?
Spdr Bloomberg Euro High Yield Bond holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.682 Hold/Accumulate Downgraded
Predicted Opening Price for Spdr Bloomberg Euro High Yield Bond Ucits Etf of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
51.68€ ( 0%) | 51.68€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JNKE.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 51.68 | - |
R2 | 51.68 | - |
R1 | 51.68 | - |
Price | 51.68 | |
S1 | 51.68 | - |
S2 | 51.68 | - |
S3 | 51.68 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 51.86 | 0.339% |
R2 | 51.79 | 0.203% |
R1 | 51.70 | 0.0387% |
Price | 51.68 | |
S1 | 51.43 | -0.484% |
S2 | 51.24 | -0.85% |
S3 | 51.13 | -1.06% |
JNKE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 01, 2024 | Feb 01, 2024 | Feb 15, 2024 | 1.55€ | 3.04% |
2 | Aug 01, 2023 | Aug 01, 2023 | Aug 15, 2023 | 1.42€ | 2.87% |
3 | Feb 01, 2023 | Feb 01, 2023 | Feb 15, 2023 | 1.20€ | 2.40% |
4 | Aug 02, 2022 | Aug 02, 2022 | Aug 16, 2022 | 0.91€ | 1.80% |
5 | Feb 01, 2022 | Feb 01, 2022 | Feb 15, 2022 | 0.81€ | 1.49% |
FAQ
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