SPDR S&P 400 Mid Cap Value 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:
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
Green day on Wednesday for SPDR S&P 400 Mid Cap Value
(Updated on May 01, 2024)
The SPDR S&P 400 Mid Cap Value ETF price gained 0.196% on the last trading day (Wednesday, 1st May 2024), rising from $71.44 to $71.58. During the last trading day the ETF fluctuated 1.93% from a day low at $71.39 to a day high of $72.76. The price has risen in 8 of the last 10 days and is up by 1.76% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 280 thousand more shares were traded than the day before. In total, 398 thousand shares were bought and sold for approximately $28.49 million.
The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $70.49 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect SPDR S&P 400 Mid Cap Value ETF with a 90% probability to be traded between $71.38 and $77.31 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.
MDYV Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.76%. Further rise is indicated until a new top pivot has been found. 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 S&P 400 Mid Cap Value 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 $72.08 and $73.11. 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).
Support, Risk & Stop-loss for SPDR S&P 400 Mid Cap Value ETF
SPDR S&P 400 Mid Cap Value finds support from accumulated volume at $71.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $1.38 (1.93%) between high and low. For the last week, the ETF has had daily average volatility of 1.14%.
Our recommended stop-loss: $67.38 (-5.87%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (MDYV) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect SPDR S&P 400 Mid Cap Value ETF to open at $71.91, and during the day (based on 14 day Average True Range), to move between $70.61 and $72.55, which gives a possible trading interval of +/-$0.97 (+/-1.36%) up or down from last closing price. If SPDR S&P 400 Mid Cap Value ETF takes out the full calculated possible swing range there will be an estimated 2.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $71.22 (0.50%) than the resistance at $72.04 (0.64%), 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 S&P 400 Mid Cap Value ETF ETF A Buy?
SPDR S&P 400 Mid Cap Value 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.
Current score: 0.903 Hold/Accumulate Unchanged
Predicted Opening Price for SPDR S&P 400 Mid Cap Value ETF of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $71.91 ( 0.459%) | $71.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MDYV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 73.28 | 2.38 % | |
| R2 | 72.76 | 1.65 % | ||
| R1 | 72.43 | 1.19 % | ||
| Current price: | 71.58 | |||
| Support | S1 | 71.38 | -0.275 % | |
| S2 | 71.06 | -0.728 % | ||
| S3 | 70.53 | -1.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 73.92 | 3.27 % | |
| R2 | 72.63 | 1.47 % | ||
| R1 | 72.04 | 0.643 % | ||
| Current price | 71.58 | |||
| Support | S1 | 71.22 | -0.503% | |
| S2 | 70.70 | -1.23% | ||
| S3 | 70.69 | -1.24% |
MDYV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 21, 2024 | $0.285 | 0.380% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.302 | 0.417% |
| 3 | Jan 19, 2023 | Sep 18, 2023 | Sep 21, 2023 | $0.293 | 0.452% |
| 4 | Jan 19, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.330 | 0.501% |
| 5 | Jan 19, 2023 | Mar 20, 2023 | Mar 23, 2023 | $0.241 | 0.385% |
FAQ
Click here for our free guide on how to buy SPDR S&P 400 Mid Cap Value ETF ETF.
