Spdr Morningstar Multi-asset Global ETF Forecast
Spdr Morningstar Multi-asset Global ETF upgraded to Buy Candidate.
(Updated on Jun 19, 2024)
The Spdr Morningstar Multi-asset Global ETF price fell by -0.441% on the last day (Wednesday, 19th Jun 2024) from $32.86 to $32.72. During the last trading day the ETF fluctuated 0% from a day low at $32.72 to a day high of $32.72. The price has fallen in 6 of the last 10 days and is down by -1.48% for this period. 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 -4 thousand shares and in total, 0 shares were bought and sold for approximately $0 .
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 Morningstar Multi-asset Global ETF with a 90% probability to be traded between $32.43 and $34.05 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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MAGI.L Signals & Forecast
The Spdr Morningstar Multi-asset Global ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $32.89 and $32.94. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Spdr Morningstar Multi-asset Global ETF
Spdr Morningstar Multi-asset Global finds support from accumulated volume at $32.67 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 0.390%
Our recommended stop-loss: $30.76 (-5.98%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (MAGI.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Spdr Morningstar Multi-asset Global Infrastructure Ucits Etf to open at $32.72, and during the day (based on 14 day Average True Range), to move between $32.42 and $33.01, which gives a possible trading interval of +/-$0.292 (+/-0.89%) up or down from last closing price. If Spdr Morningstar Multi-asset Global Infrastructure Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $32.67 (0.14%) than the resistance at $32.87 (0.47%), 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 Morningstar Multi-asset Global Infrastructure Ucits Etf ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 2.032 Buy Candidate Upgraded
Predicted Opening Price for Spdr Morningstar Multi-asset Global Infrastructure Ucits Etf of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $32.72 ( 0%) | $32.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAGI.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.72 | - |
| R2 | 32.72 | - |
| R1 | 32.72 | - |
| Price | 32.72 | |
| S1 | 32.72 | - |
| S2 | 32.72 | - |
| S3 | 32.72 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.40 | 2.09% |
| R2 | 33.06 | 1.05% |
| R1 | 32.87 | 0.474% |
| Price | 32.72 | |
| S1 | 32.67 | -0.138% |
| S2 | 32.54 | -0.535% |
| S3 | 32.25 | -1.42% |
MAGI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Apr 03, 2024 | Apr 15, 2024 | $0.443 | 1.38% |
| 2 | Oct 02, 2023 | Oct 02, 2023 | Oct 02, 2023 | $0.517 | 1.74% |
| 3 | Apr 03, 2023 | Apr 03, 2023 | Apr 03, 2023 | $0.378 | 1.17% |
| 4 | Oct 03, 2022 | Oct 03, 2022 | Oct 03, 2022 | $0.438 | 1.45% |
| 5 | Apr 01, 2022 | Apr 01, 2022 | Apr 01, 2022 | $0.350 | 0.97% |
FAQ
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