SPDR S&P North American Natural ETF Forecast

$54.58
+0.83 (+1.54%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Evaluation of SPDR S&P North American Natural ETF downgraded after the last trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 13, 2024 Gain 4.75% PDF

The SPDR S&P North American Natural ETF price gained 1.54% on the last trading day (Thursday, 28th Mar 2024), rising from $53.75 to $54.58. During the last trading day the ETF fluctuated 1.23% from a day low at $54.00 to a day high of $54.67. The price has risen in 7 of the last 10 days and is up by 4.72% 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, 8 thousand more shares were traded than the day before. In total, 18 thousand shares were bought and sold for approximately $990.14 thousand.

The ETF has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $51.54, a level that may pose a second chance to hit a runner.

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NANR Signals & Forecast

The SPDR S&P North American Natural 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 $53.32 and $50.27. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 16.08%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). SPDR S&P North American Natural 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.

Support, Risk & Stop-loss for SPDR S&P North American Natural ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $49.72 and $48.18. 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 North American Natural finds support just below today's level at $49.72. If this is broken, then the next support from accumulated volume will be at $48.18 and $46.75.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.665 between high and low, or 1.23%. For the last week, the ETF has had daily average volatility of 1.11%.

The SPDR S&P North American Natural ETF is extremely overbought on RSI14 (83). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken.

Our recommended stop-loss: $52.76 (-3.34%) (This ETF has medium daily movements and this gives medium risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (NANR) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect SPDR S&P North American Natural Resources ETF to open at $54.42, and during the day (based on 14 day Average True Range), to move between $53.95 and $55.21, which gives a possible trading interval of +/-$0.625 (+/-1.15%) up or down from last closing price. If SPDR S&P North American Natural Resources ETF takes out the full calculated possible swing range there will be an estimated 2.29% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $49.72, some $4.86 (8.90%) from the current price of $54.58, our system finds the risk reward attractive.

Is SPDR S&P North American Natural Resources ETF ETF A Buy?

SPDR S&P North American Natural 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for SPDR S&P North American Natural Resources ETF of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$54.42 ( 0.302%) $54.58

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

Trading levels for NANR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 55.08 0.92 %
R2 54.83 0.451 %
R1 54.67 0.163 %
Current price: 54.58
Support S1 54.16 -0.768 %
S2 54.00 -1.06 %
S3 53.75 -1.52 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 54.58
Support S1 49.72 -8.90%
S2 48.18 -11.73%
S3 46.75 -14.35%

NANR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 15, 2023 Dec 15, 2023 Dec 15, 2023 $0.717 1.42%
2 May 31, 2023 Jun 01, 2023 Jun 08, 2023 $0.701 1.37%
3 Jan 18, 2022 Dec 16, 2022 Dec 23, 2022 $0.96 1.76%
4 Jan 18, 2022 Jun 01, 2022 Jun 08, 2022 $0.507 0.84%
5 Jan 28, 2021 Dec 17, 2021 Dec 27, 2021 $0.708 1.61%

FAQ

What is the symbol for SPDR S&P North American Natural Resources ETF ETF and on which exchange is it traded?
The symbol for SPDR S&P North American Natural Resources ETF is NANR and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell SPDR S&P North American Natural Resources ETF ETF?
SPDR S&P North American Natural 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy SPDR S&P North American Natural Resources ETF ETF?
SPDR S&P North American Natural Resources ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy SPDR S&P North American Natural Resources ETF ETF.

What's the current price of SPDR S&P North American Natural Resources ETF ETF?
As of the end of day on the 2024-03-28, the price of an SPDR S&P North American Natural Resources ETF (NANR) share was $54.58.

What is the 52-week high and low for SPDR S&P North American Natural Resources ETF ETF?
The 52-week high for SPDR S&P North American Natural Resources ETF ETF is $57.54 and the 52-week low is $46.71.

What is the market capitalization of SPDR S&P North American Natural Resources ETF ETF?
As of the 2024-03-28, the market capitalization of SPDR S&P North American Natural Resources ETF is 490.47M.
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About SPDR S&P North American Natural Resources ETF

The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index comprises publicly traded large- and mid-capitalization U.S. and Canadian companies in the natural resources and commodities businesses that meet certain investability requirements and are classified within the sub-industries of one of three natural resources categories: energy, metals & mining or agriculture. The ... NANR Profile

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