SPDR MSCI USA StrategicFactors ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
SPDR MSCI USA StrategicFactors ETF downgraded from Buy Candidate to Sell Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
The SPDR MSCI USA StrategicFactors ETF price fell by -0.304% on the last day (Wednesday, 26th Jun 2024) from $147.93 to $147.48. During the last trading day the ETF fluctuated 0.748% from a day low at $147.10 to a day high of $148.20. The price has risen in 6 of the last 10 days and is up by 1.25% over the past 2 weeks. Volume has increased on the last day by 28 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 43 thousand shares were bought and sold for approximately $6.33 million.
The ETF lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $148.33 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 4.13% during the next 3 months and, with a 90% probability hold a price between $148.83 and $154.46 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
QUS Signals & Forecast
The SPDR MSCI USA StrategicFactors ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $147.73. On a fall, the ETF will find some support from the long-term average at approximately $145.75. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -0.446%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
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 $1.10 between high and low, or 0.748%. For the last week the ETF has had daily average volatility of 0.428%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QUS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect SPDR MSCI USA StrategicFactors ETF to open at $147.59, and during the day (based on 14 day Average True Range), to move between $146.55 and $148.41, which gives a possible trading interval of +/-$0.93 (+/-0.63%) 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 1.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $147.71 (0.16%) than the support at $146.59 (0.60%), 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 MSCI USA StrategicFactors ETF ETF A Buy?
SPDR MSCI USA StrategicFactors 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. 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 Sell candidate.
Current score: -1.289 Sell Candidate Downgraded
Predicted Opening Price for SPDR MSCI USA StrategicFactors ETF of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $147.59 ( 0.0769%) | $147.48 |
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 | 148.69 | 0.82% |
| R2 | 148.27 | 0.538% |
| R1 | 148.01 | 0.362% |
| Price | 147.48 | |
| S1 | 147.17 | -0.208% |
| S2 | 146.91 | -0.384% |
| S3 | 146.49 | -0.669% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 147.93 | 0.305% |
| R2 | 147.79 | 0.210% |
| R1 | 147.71 | 0.156% |
| Price | 147.48 | |
| S1 | 146.59 | -0.603% |
| S2 | 146.52 | -0.651% |
| S3 | 143.89 | -2.43% |
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
Click here for our free guide on how to buy SPDR MSCI USA StrategicFactors ETF ETF.
