SPDR MSCI USA StrategicFactors ETF Forecast
Green day on Thursday for SPDR MSCI USA StrategicFactors ETF after gaining 0.0542%
(Updated on Jun 20, 2024)
The SPDR MSCI USA StrategicFactors ETF price gained 0.0542% on the last trading day (Thursday, 20th Jun 2024), rising from $147.71 to $147.79. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.254% from a day low at $147.71 to a day high of $148.08. The price has risen in 8 of the last 10 days and is up by 1.6% 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, 15 thousand more shares were traded than the day before. In total, 39 thousand shares were bought and sold for approximately $5.76 million.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.85% during the next 3 months and, with a 90% probability hold a price between $145.39 and $153.69 at the end of this 3-month period.
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QUS Signals & Forecast
Mostly positive signals in the chart today. The SPDR MSCI USA StrategicFactors 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 $146.67 and $144.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 6.66%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for SPDR MSCI USA StrategicFactors ETF
SPDR MSCI USA StrategicFactors finds support from accumulated volume at $146.59 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 $0.375 between high and low, or 0.254%. For the last week the ETF has had daily average volatility of 0.495%.
Our recommended stop-loss: $142.68 (-3.46%) (This ETF has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 57 days ago.)
Trading Expectations (QUS) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect SPDR MSCI USA StrategicFactors ETF to open at $147.86, and during the day (based on 14 day Average True Range), to move between $146.82 and $148.76, which gives a possible trading interval of +/-$0.97 (+/-0.66%) up or down from last closing price. If SPDR MSCI USA StrategicFactors ETF takes out the full calculated possible swing range there will be an estimated 1.31% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $146.59, some $1.20 (0.81%) from the current price of $147.79, our system finds the risk reward attractive.
Is SPDR MSCI USA StrategicFactors ETF ETF A Buy?
SPDR MSCI USA StrategicFactors holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.403 Strong Buy Candidate Unchanged
Predicted Opening Price for SPDR MSCI USA StrategicFactors ETF of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $147.86 ( 0.0463%) | $147.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QUS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 148.23 | 0.300% |
| R2 | 148.09 | 0.203% |
| R1 | 148.00 | 0.143% |
| Price | 147.79 | |
| S1 | 147.72 | -0.0504% |
| S2 | 147.63 | -0.110% |
| S3 | 147.48 | -0.207% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 147.79 | |
| S1 | 146.59 | -0.81% |
| S2 | 146.52 | -0.86% |
| S3 | 143.89 | -2.64% |
QUS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 07, 2024 | $0.115 | 0.0804% |
| 2 | Apr 01, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.110 | 0.0762% |
| 3 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $1.21 | 0.93% |
| 4 | May 31, 2023 | Jun 01, 2023 | Jun 08, 2023 | $0.86 | 0.725% |
| 5 | Jan 17, 2022 | Dec 16, 2022 | Dec 23, 2022 | $1.09 | 0.99% |
FAQ
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