SPDR SSGA US LARGE CAP LOW VOLATILITY ETF Forecast
Red day on Friday for SPDR SSGA US LARGE CAP LOW VOLATILITY ETF after losing 0.285%
(Updated on Jun 21, 2024)
The SPDR SSGA US LARGE CAP LOW VOLATILITY ETF price fell by -0.285% on the last day (Friday, 21st Jun 2024) from $154.22 to $153.78. During the last trading day the ETF fluctuated 0.306% from a day low at $153.36 to a day high of $153.83. The price has fallen in 6 of the last 10 days but is still up by 0.44% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -8 thousand shares and in total, 6 thousand shares were bought and sold for approximately $857.94 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 SSGA US LARGE CAP LOW VOLATILITY ETF with a 90% probability to be traded between $150.12 and $157.56 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
LGLV Signals & Forecast
The SPDR SSGA US LARGE CAP LOW VOLATILITY 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 $153.25 and $153.11. 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 Thursday, June 20, 2024, and so far it has fallen -0.285%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for SPDR SSGA US LARGE CAP LOW VOLATILITY ETF
SPDR SSGA US LARGE CAP LOW VOLATILITY finds support from accumulated volume at $153.46 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 $0.470 between high and low, or 0.306%. For the last week the ETF has had daily average volatility of 0.610%
Our recommended stop-loss: $147.78 (-3.90%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (LGLV) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect SPDR SSGA US LARGE CAP LOW VOLATILITY INDEX ETF to open at $153.66, and during the day (based on 14 day Average True Range), to move between $152.73 and $154.83, which gives a possible trading interval of +/-$1.05 (+/-0.68%) up or down from last closing price. If SPDR SSGA US LARGE CAP LOW VOLATILITY INDEX ETF takes out the full calculated possible swing range there will be an estimated 1.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $153.84 (0.04%) than the support at $153.46 (0.21%), 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 SSGA US LARGE CAP LOW VOLATILITY INDEX 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 SSGA US LARGE CAP LOW VOLATILITY ETF to perform well in the short-term period.
Current score: 2.094 Buy Candidate Unchanged
Predicted Opening Price for SPDR SSGA US LARGE CAP LOW VOLATILITY INDEX ETF of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $153.66 ( 0.0802%) | $153.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LGLV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 154.13 | 0.225% |
| R2 | 153.95 | 0.109% |
| R1 | 153.84 | 0.0365% |
| Price | 153.78 | |
| S1 | 153.48 | -0.197% |
| S2 | 153.37 | -0.269% |
| S3 | 153.19 | -0.386% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 154.05 | 0.176% |
| R2 | 153.92 | 0.0910% |
| R1 | 153.84 | 0.0384% |
| Price | 153.78 | |
| S1 | 153.46 | -0.208% |
| S2 | 152.50 | -0.83% |
| S3 | 149.21 | -2.97% |
LGLV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2024 | Mar 15, 2024 | Mar 20, 2024 | $0.644 | 0.418% |
| 2 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $1.03 | 0.719% |
| 3 | Jan 17, 2023 | Sep 15, 2023 | Sep 20, 2023 | $0.691 | 0.500% |
| 4 | Jan 17, 2023 | Jun 16, 2023 | Jun 22, 2023 | $0.627 | 0.454% |
| 5 | Jan 17, 2023 | Mar 17, 2023 | Mar 22, 2023 | $0.594 | 0.454% |
FAQ
Click here for our free guide on how to buy SPDR SSGA US LARGE CAP LOW VOLATILITY INDEX ETF ETF.
