SPDR S&P 1500 MOMENTUM TILT ETF Forecast

SPDR S&P 1500 MOMENTUM TILT ETF price ended at $242.62 on Tuesday, after gaining 0.250%.
(Updated on Jun 25, 2024)

MMTM Signals & Forecast

The SPDR S&P 1500 MOMENTUM TILT 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 $243.31. On a fall, the ETF will find some support from the long-term average at approximately $233.84. 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). SPDR S&P 1500 MOMENTUM TILT has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Tuesday, June 18, 2024, and so far it has fallen -1.25%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for SPDR S&P 1500 MOMENTUM TILT ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $228.67 and $226.65. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, SPDR S&P 1500 MOMENTUM TILT finds support just below today's level at $228.67. If this is broken, then the next support from accumulated volume will be at $226.65 and $220.27.

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 $0.89 between high and low, or 0.369%. For the last week the ETF has had daily average volatility of 0.359%.

Our recommended stop-loss: $232.98 (-3.97%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 38 days ago.)

Trading Expectations (MMTM) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect SPDR S&P 1500 MOMENTUM TILT ETF to open at $242.32, and during the day (based on 14 day Average True Range), to move between $240.85 and $244.38, which gives a possible trading interval of +/-$1.76 (+/-0.73%) up or down from last closing price. If SPDR S&P 1500 MOMENTUM TILT ETF takes out the full calculated possible swing range there will be an estimated 1.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $242.65 (0.01%) than the support at $228.67 (5.75%), 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 S&P 1500 MOMENTUM TILT ETF ETF A Buy?

SPDR S&P 1500 MOMENTUM TILT holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.242 Hold/Accumulate Unchanged

Predicted Opening Price for SPDR S&P 1500 MOMENTUM TILT ETF of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.