SPDR S&P Regional Banking 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 Regional Banking ETF upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on May 03, 2024)
The SPDR S&P Regional Banking ETF price gained 1.29% on the last trading day (Friday, 3rd May 2024), rising from $49.02 to $49.65. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 1.44% from a day low at $49.49 to a day high of $50.20. The price has risen in 6 of the last 10 days and is up by 4.92% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 15 million shares were bought and sold for approximately $740.65 million.
The ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $50.29 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect SPDR S&P Regional Banking ETF with a 90% probability to be traded between $45.78 and $50.30 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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KRE Signals & Forecast
Mostly positive signals in the chart today. The SPDR S&P Regional Banking 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 $48.34 and $48.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.50%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for SPDR S&P Regional Banking ETF
SPDR S&P Regional Banking finds support from accumulated volume at $49.46 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 $0.715 (1.44%) between high and low. For the last week, the ETF has had daily average volatility of 2.04%.
Our recommended stop-loss: $47.45 (-4.43%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (KRE) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect SPDR S&P Regional Banking ETF to open at $49.78, and during the day (based on 14 day Average True Range), to move between $48.51 and $50.79, which gives a possible trading interval of +/-$1.14 (+/-2.29%) up or down from last closing price. If SPDR S&P Regional Banking ETF takes out the full calculated possible swing range there will be an estimated 4.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $49.46 (0.38%) than the resistance at $50.02 (0.75%), 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 Regional Banking ETF ETF A Buy?
SPDR S&P Regional Banking holds several positive signals and is considered to be a good choice at current levels. We expect the SPDR S&P Regional Banking ETF to perform great in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.466 Strong Buy Candidate Upgraded
Predicted Opening Price for SPDR S&P Regional Banking ETF of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$49.78 ( 0.258%) | $49.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KRE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 50.49 | 1.70 % | |
R2 | 50.22 | 1.15 % | ||
R1 | 50.05 | 0.81 % | ||
Current price: | 49.65 | |||
Support | S1 | 49.51 | -0.292 % | |
S2 | 49.34 | -0.631 % | ||
S3 | 49.06 | -1.18 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 50.28 | 1.27 % | ||
R1 | 50.02 | 0.745 % | ||
Current price | 49.65 | |||
Support | S1 | 49.46 | -0.383% | |
S2 | 47.60 | -4.13% | ||
S3 | 46.85 | -5.64% |
KRE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 18, 2024 | Mar 18, 2024 | Mar 21, 2024 | $0.379 | 0.764% |
2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.431 | 0.83% |
3 | Jan 19, 2023 | Sep 18, 2023 | Sep 21, 2023 | $0.375 | 0.91% |
4 | Jan 19, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.399 | 1.01% |
5 | Jan 19, 2023 | Mar 20, 2023 | Mar 23, 2023 | $0.363 | 0.86% |
FAQ
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