SPDR RUSSELL 1000 YIELD FOCUS ETF Forecast
SPDR RUSSELL 1000 YIELD FOCUS ETF price down 0.289% on Thursday
(Updated on Jun 27, 2024)
The SPDR RUSSELL 1000 YIELD FOCUS ETF price fell by -0.289% on the last day (Thursday, 27th Jun 2024) from $103.43 to $103.13. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.642% from a day low at $102.82 to a day high of $103.48. The price has fallen in 6 of the last 10 days and is down by -1.6% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -11 thousand shares and in total, 9 thousand shares were bought and sold for approximately $909.50 thousand.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect SPDR RUSSELL 1000 YIELD FOCUS ETF with a 90% probability to be traded between $99.65 and $105.47 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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ONEY Signals & Forecast
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 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 $104.24 and $105.41. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -4.31%. Further fall is indicated until a new bottom pivot has been found. 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 $102.57 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 $0.660 between high and low, or 0.642%. For the last week the ETF has had daily average volatility of 0.87%
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 Friday 28th
For the upcoming trading day on Friday, 28th we expect SPDR RUSSELL 1000 YIELD FOCUS ETF to open at $103.14, and during the day (based on 14 day Average True Range), to move between $102.19 and $104.07, which gives a possible trading interval of +/-$0.94 (+/-0.91%) 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 1.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $102.57 (0.54%) than the resistance at $104.07 (0.91%), 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 RUSSELL 1000 YIELD FOCUS ETF ETF A Buy?
SPDR RUSSELL 1000 YIELD FOCUS holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -2.174 Sell Candidate Unchanged
Predicted Opening Price for SPDR RUSSELL 1000 YIELD FOCUS ETF of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $103.14 ( 0.0129%) | $103.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ONEY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 103.80 | 0.653% |
| R2 | 103.55 | 0.408% |
| R1 | 103.40 | 0.257% |
| Price | 103.13 | |
| S1 | 102.89 | -0.232% |
| S2 | 102.74 | -0.383% |
| S3 | 102.48 | -0.627% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 108.66 | 5.36% |
| R2 | 105.82 | 2.61% |
| R1 | 104.07 | 0.91% |
| Price | 103.13 | |
| S1 | 102.57 | -0.543% |
| S2 | 102.44 | -0.669% |
| S3 | 102.35 | -0.753% |
ONEY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 21, 2024 | $0.775 | 0.723% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.82 | 0.82% |
| 3 | Jan 13, 2023 | Sep 18, 2023 | Sep 21, 2023 | $0.82 | 0.89% |
| 4 | Jan 13, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.794 | 0.87% |
| 5 | Jan 13, 2023 | Mar 20, 2023 | Mar 23, 2023 | $0.724 | 0.81% |
FAQ
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