Spdr Bloomberg 10+ Year U.s. Corporate ETF Forecast
Stronger technical forecast for Spdr Bloomberg 10+ Year U.s. Corporate ETF price after Wednesday trading.
(Updated on Jun 26, 2024)
The Spdr Bloomberg 10+ Year U.s. Corporate ETF price fell by -0.508% on the last day (Wednesday, 26th Jun 2024) from £21.64 to £21.53. During the last trading day the ETF fluctuated 0% from a day low at £21.53 to a day high of £21.53. The price has risen in 5 of the last 10 days and is up by 0.61% over the past 2 weeks. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 thousand shares were bought and sold for approximately £84.68 thousand.
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 10+ Year U.s. Corporate ETF with a 90% probability to be traded between £21.20 and £22.10 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 a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately £21.63. On a fall, the ETF will find some support from the long-term average at approximately £21.35. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 -1.10%. Further fall is indicated until a new bottom pivot has been found. Spdr Bloomberg 10+ Year U.s. Corporate gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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 and based on theory for this formation the price should go up by 0.280% to £21.59 within 22 trading days since signal was issued (Friday, June 28, 2024).
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 with good liquidity the risk is considered very low in this stock. 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 0.134%.
Our recommended stop-loss: £20.86 (-3.11%) (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 (LCRP.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Spdr Bloomberg 10+ Year U.s. Corporate Bond Ucits Etf to open at £21.53, and during the day (based on 14 day Average True Range), to move between £21.41 and £21.64, which gives a possible trading interval of +/-£0.117 (+/-0.54%) 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 1.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £21.54 (0.07%) than the support at £21.50 (0.12%), 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: 1.136 Buy Candidate Upgraded
Predicted Opening Price for Spdr Bloomberg 10+ Year U.s. Corporate Bond Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| £21.53 ( 0.00000000%) | £21.53 |
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 | 21.53 | 0.00000000% |
| R2 | 21.53 | 0.00000000% |
| R1 | 21.53 | 0.00000000% |
| Price | 21.53 | |
| S1 | 21.53 | 0.00000000% |
| S2 | 21.53 | 0.00000000% |
| S3 | 21.53 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.77 | 1.11% |
| R2 | 21.59 | 0.302% |
| R1 | 21.54 | 0.0697% |
| Price | 21.53 | |
| S1 | 21.50 | -0.116% |
| S2 | 21.35 | -0.81% |
| S3 | 21.33 | -0.91% |
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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