Spdr Loomis Sayles Opportunistic Bond ETF Forecast
Spdr Loomis Sayles Opportunistic Bond ETF upgraded to Buy Candidate.
(Updated on Jun 24, 2024)
The Spdr Loomis Sayles Opportunistic Bond ETF price gained 0.233% on the last trading day (Monday, 24th Jun 2024), rising from $25.77 to $25.83. During the last trading day the ETF fluctuated 0.136% from a day low at $25.80 to a day high of $25.83. The price has been going up and down for this period, and there has been a 0.74% 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, 381 more shares were traded than the day before. In total, 502 shares were bought and sold for approximately $12.97 thousand.
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 Loomis Sayles Opportunistic Bond ETF with a 90% probability to be traded between $25.82 and $26.02 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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OBND Signals & Forecast
The Spdr Loomis Sayles Opportunistic Bond 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 $25.81 and $25.74. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Spdr Loomis Sayles Opportunistic Bond 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. The very low volume increases the risk and reduces the other technical signals issued. 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 Thursday, June 13, 2024, and so far it has fallen -0.0588%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Wednesday, June 12, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Wednesday, June 12, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A sell signal from a double top formation was found on Thursday, June 13, 2024 and based on theory for this formation the price should fall by -1.74% to $25.38 within 6 trading days since signal was issued (Monday, June 24, 2024).
Support, Risk & Stop-loss for Spdr Loomis Sayles Opportunistic Bond ETF
Spdr Loomis Sayles Opportunistic Bond finds support from accumulated volume at $25.82 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 $0.0350 between high and low, or 0.136%. For the last week the ETF has had daily average volatility of 0.138%.
Our recommended stop-loss: $24.87 (-3.73%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (OBND) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Spdr Loomis Sayles Opportunistic Bond Etf to open at $25.82, and during the day (based on 14 day Average True Range), to move between $25.76 and $25.90, which gives a possible trading interval of +/-$0.0695 (+/-0.27%) up or down from last closing price. If Spdr Loomis Sayles Opportunistic Bond Etf takes out the full calculated possible swing range there will be an estimated 0.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.82 (0.04%) than the resistance at $25.85 (0.06%), 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 Loomis Sayles Opportunistic Bond Etf ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Spdr Loomis Sayles Opportunistic Bond ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.107 Buy Candidate Upgraded
Predicted Opening Price for Spdr Loomis Sayles Opportunistic Bond Etf of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $25.82 ( 0.0452%) | $25.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OBND
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.85 | 0.0903% |
| R2 | 25.84 | 0.0386% |
| R1 | 25.83 | 0.0066% |
| Price | 25.83 | |
| S1 | 25.80 | -0.0969% |
| S2 | 25.80 | -0.129% |
| S3 | 25.78 | -0.181% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 25.85 | 0.0588% |
| Price | 25.83 | |
| S1 | 25.82 | -0.0387% |
| S2 | 25.68 | -0.584% |
| S3 | 25.65 | -0.715% |
OBND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 07, 2024 | $0.155 | 0.603% |
| 2 | Mar 28, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.141 | 0.550% |
| 3 | Mar 01, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.146 | 0.564% |
| 4 | Feb 01, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.135 | 0.523% |
| 5 | Dec 15, 2023 | Dec 18, 2023 | Dec 22, 2023 | $0.146 | 0.558% |
FAQ
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