SPDR SSGA US LARGE CAP LOW VOLATILITY 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
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 SSGA US LARGE CAP LOW VOLATILITY ETF upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Jun 27, 2024)
The SPDR SSGA US LARGE CAP LOW VOLATILITY ETF price gained 0.472% on the last trading day (Thursday, 27th Jun 2024), rising from $152.43 to $153.15. During the last trading day the ETF fluctuated 0.565% from a day low at $152.29 to a day high of $153.15. The price has been going up and down for this period, and there has been a 0.18% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 75 thousand more shares were traded than the day before. In total, 81 thousand shares were bought and sold for approximately $12.37 million.
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 $151.91 and $159.04 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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LGLV Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SPDR SSGA US LARGE CAP LOW VOLATILITY ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $153.69 and $153.35. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.14%. Further fall is indicated until a new bottom pivot has been found.
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 $152.50 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 $0.86 between high and low, or 0.565%. For the last week the ETF has had daily average volatility of 0.644%.
Our recommended stop-loss: $147.02 (-4.00%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (LGLV) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect SPDR SSGA US LARGE CAP LOW VOLATILITY INDEX ETF to open at $152.86, and during the day (based on 14 day Average True Range), to move between $152.03 and $154.27, which gives a possible trading interval of +/-$1.12 (+/-0.73%) 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 1.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $153.39 (0.16%) than the support at $152.50 (0.42%), 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?
SPDR SSGA US LARGE CAP LOW VOLATILITY 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.501 Hold/Accumulate Upgraded
Predicted Opening Price for SPDR SSGA US LARGE CAP LOW VOLATILITY INDEX ETF of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
$152.86 ( 0.187%) | $153.15 |
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 | 153.72 | 0.374% |
R2 | 153.39 | 0.160% |
R1 | 153.19 | 0.0273% |
Price | 153.15 | |
S1 | 152.53 | -0.402% |
S2 | 152.33 | -0.534% |
S3 | 152.00 | -0.749% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 154.05 | 0.588% |
R2 | 153.46 | 0.202% |
R1 | 153.39 | 0.157% |
Price | 153.15 | |
S1 | 152.50 | -0.424% |
S2 | 150.23 | -1.91% |
S3 | 149.21 | -2.57% |
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
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