Spdr Bloomberg 10+ Year U.s. Corporate ETF Forecast
Spdr Bloomberg 10+ Year U.s. Corporate ETF upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Jun 19, 2024)
The Spdr Bloomberg 10+ Year U.s. Corporate ETF price gained 0.81% on the last trading day (Wednesday, 19th Jun 2024), rising from £21.59 to £21.77. During the last trading day the ETF fluctuated 0% from a day low at £21.77 to a day high of £21.77. The price has risen in 4 of the last 10 days and is up by 2.15% over the past 2 weeks. Volume fell on the last day by -242 shares and in total, 0 shares were bought and sold for approximately £0 . 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 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 £21.82 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Spdr Bloomberg 10+ Year U.s. Corporate ETF with a 90% probability to be traded between £20.81 and £21.88 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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LCRP.L Signals & Forecast
The Spdr Bloomberg 10+ Year U.s. Corporate 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 £21.59 and £21.28. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, June 17, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Friday, May 31, 2024 in the short-term chart.
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 31, 2024 in the short-term chart.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 29, 2024 with a target of £21.59. Despite whether the objective of the signal formation has been reached the ETF may continue to perform well.
Support, Risk & Stop-loss for Spdr Bloomberg 10+ Year U.s. Corporate ETF
Spdr Bloomberg 10+ Year U.s. Corporate finds support from accumulated volume at £21.50 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 0.0645%
The Spdr Bloomberg 10+ Year U.s. Corporate ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.
Our recommended stop-loss: £21.13 (-2.90%) (This ETF has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (LCRP.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Spdr Bloomberg 10+ Year U.s. Corporate Bond Ucits Etf to open at £21.77, and during the day (based on 14 day Average True Range), to move between £21.63 and £21.90, which gives a possible trading interval of +/-£0.135 (+/-0.62%) up or down from last closing price. If Spdr Bloomberg 10+ Year U.s. Corporate Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £21.77 (0.02%) than the support at £21.50 (1.22%), 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 10+ Year U.s. Corporate Bond Ucits 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 Bloomberg 10+ Year U.s. Corporate ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.364 Buy Candidate Upgraded
Predicted Opening Price for Spdr Bloomberg 10+ Year U.s. Corporate Bond Ucits Etf of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £21.77 ( 0%) | £21.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LCRP.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.77 | - |
| R2 | 21.77 | - |
| R1 | 21.77 | - |
| Price | 21.77 | |
| S1 | 21.77 | - |
| S2 | 21.77 | - |
| S3 | 21.77 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 21.77 | 0.0230% |
| Price | 21.77 | |
| S1 | 21.50 | -1.22% |
| S2 | 21.35 | -1.91% |
| S3 | 21.33 | -2.00% |
LCRP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Feb 01, 2024 | Feb 15, 2024 | £0.545 | 2.55% |
| 2 | Aug 01, 2023 | Aug 01, 2023 | Aug 15, 2023 | £0.520 | 2.54% |
| 3 | Feb 01, 2023 | Feb 01, 2023 | Feb 15, 2023 | £0.523 | 2.30% |
| 4 | Aug 02, 2022 | Aug 02, 2022 | Aug 16, 2022 | £0.518 | 2.13% |
| 5 | Feb 01, 2022 | Feb 01, 2022 | Feb 15, 2022 | £0.467 | 1.88% |
FAQ
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