SPDR RUSSELL 1000 YIELD FOCUS ETF Forecast

Red day on Friday for SPDR RUSSELL 1000 YIELD FOCUS ETF after losing 0.0868%
(Updated on Jun 21, 2024)

ONEY Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.36%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The SPDR RUSSELL 1000 YIELD FOCUS ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $105.52. On a fall, the ETF will find some support from the short-term average at $104.41. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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.

Support, Risk & Stop-loss for SPDR RUSSELL 1000 YIELD FOCUS ETF

SPDR RUSSELL 1000 YIELD FOCUS finds support from accumulated volume at $104.07 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 $0.310 between high and low, or 0.297%. For the last week the ETF has had daily average volatility of 0.612%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ONEY) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect SPDR RUSSELL 1000 YIELD FOCUS ETF to open at $104.65, and during the day (based on 14 day Average True Range), to move between $103.84 and $105.66, which gives a possible trading interval of +/-$0.91 (+/-0.87%) up or down from last closing price. If SPDR RUSSELL 1000 YIELD FOCUS ETF takes out the full calculated possible swing range there will be an estimated 1.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $104.84 (0.09%) than the support at $104.07 (0.65%), 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 RUSSELL 1000 YIELD FOCUS ETF ETF A Buy?

SPDR RUSSELL 1000 YIELD FOCUS holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -1.463 Sell Candidate Unchanged

Predicted Opening Price for SPDR RUSSELL 1000 YIELD FOCUS ETF of Monday, June 24, 2024

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