SPDR(R) S&P CAPITAL MARKETS ETF Forecast
SPDR(R) S&P CAPITAL MARKETS ETF price ended at $108.44 on Monday, after gaining 0.631%.
(Updated on Jun 17, 2024)
The SPDR(R) S&P CAPITAL MARKETS ETF price gained 0.631% on the last trading day (Monday, 17th Jun 2024), rising from $107.76 to $108.44. During the last trading day the ETF fluctuated 1.19% from a day low at $107.17 to a day high of $108.44. The price has fallen in 6 of the last 10 days and is down by -2.41% for this period. Volume fell on the last day by -2 thousand shares and in total, 8 thousand shares were bought and sold for approximately $909.46 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 3.04% during the next 3 months and, with a 90% probability hold a price between $109.81 and $117.97 at the end of this 3-month period.
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KCE Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.631%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SPDR(R) S&P CAPITAL MARKETS 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 $108.93 and $110.40. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The ETF had a Golden Star Signal on Thursday, May 02, 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 Thursday, May 02, 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 Thursday, May 02, 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.
Support, Risk & Stop-loss for SPDR(R) S&P CAPITAL MARKETS ETF
SPDR(R) S&P CAPITAL MARKETS finds support from accumulated volume at $108.31 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 $1.27 between high and low, or 1.19%. For the last week the ETF has had daily average volatility of 0.87%
Our recommended stop-loss: $102.15 (-5.79%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (KCE) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect SPDR(R) S&P CAPITAL MARKETS ETF to open at $108.02, and during the day (based on 14 day Average True Range), to move between $107.14 and $109.73, which gives a possible trading interval of +/-$1.29 (+/-1.19%) up or down from last closing price. If SPDR(R) S&P CAPITAL MARKETS ETF takes out the full calculated possible swing range there will be an estimated 2.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $108.31 (0.12%) than the resistance at $109.55 (1.03%), 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(R) S&P CAPITAL MARKETS ETF ETF A Buy?
SPDR(R) S&P CAPITAL MARKETS 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.
Current score: -0.123 Hold/Accumulate Unchanged
Predicted Opening Price for SPDR(R) S&P CAPITAL MARKETS ETF of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$108.02 ( 0.388%) | $108.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KCE
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 109.29 | 0.787% |
R2 | 108.80 | 0.338% |
R1 | 108.50 | 0.0610% |
Price | 108.44 | |
S1 | 107.53 | -0.84% |
S2 | 107.23 | -1.11% |
S3 | 106.74 | -1.56% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 112.39 | 3.65% |
R2 | 109.63 | 1.10% |
R1 | 109.55 | 1.03% |
Price | 108.44 | |
S1 | 108.31 | -0.117% |
S2 | 107.40 | -0.96% |
S3 | 106.71 | -1.59% |
KCE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 18, 2024 | Mar 18, 2024 | Mar 21, 2024 | $0.556 | 0.504% |
2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.633 | 0.637% |
3 | Jan 19, 2023 | Sep 18, 2023 | Sep 21, 2023 | $0.364 | 0.415% |
4 | Jan 19, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.410 | 0.502% |
5 | Jan 19, 2023 | Mar 20, 2023 | Mar 23, 2023 | $0.449 | 0.560% |
FAQ
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