SPDR MSCI WORLD STRATEGICFACTORS ETF Forecast
SPDR MSCI WORLD STRATEGICFACTORS ETF downgraded to Hold/Accumulate
(Updated on Jun 20, 2024)
The SPDR MSCI WORLD STRATEGICFACTORS ETF price gained 0.110% on the last trading day (Thursday, 20th Jun 2024), rising from $120.48 to $120.61. 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 0.174% from a day low at $120.47 to a day high of $120.68. The price has been going up and down for this period, and there has been a 0.28% gain for the last 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 2 thousand shares were bought and sold for approximately $245.93 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a narrow and 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 2.48% during the next 3 months and, with a 90% probability hold a price between $119.41 and $125.36 at the end of this 3-month period.
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QWLD Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -0.591%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The SPDR MSCI WORLD 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 $119.92 and $119.58. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for SPDR MSCI WORLD STRATEGICFACTORS ETF
SPDR MSCI WORLD STRATEGICFACTORS finds support from accumulated volume at $120.50 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 $0.210 between high and low, or 0.174%. For the last week the ETF has had daily average volatility of 0.432%
Our recommended stop-loss: $116.34 (-3.54%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 42 days ago.)
Trading Expectations (QWLD) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect SPDR MSCI WORLD STRATEGICFACTORS ETF to open at $120.59, and during the day (based on 14 day Average True Range), to move between $119.90 and $121.32, which gives a possible trading interval of +/-$0.710 (+/-0.59%) up or down from last closing price. If SPDR MSCI WORLD STRATEGICFACTORS ETF takes out the full calculated possible swing range there will be an estimated 1.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $120.50 (0.09%) than the resistance at $121.14 (0.44%), 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 MSCI WORLD STRATEGICFACTORS ETF ETF A Buy?
SPDR MSCI WORLD STRATEGICFACTORS holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
Current score: 0.984 Hold/Accumulate Downgraded
Predicted Opening Price for SPDR MSCI WORLD STRATEGICFACTORS ETF of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $120.59 ( 0.0210%) | $120.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QWLD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 120.80 | 0.153% |
| R2 | 120.72 | 0.0865% |
| R1 | 120.67 | 0.0454% |
| Price | 120.61 | |
| S1 | 120.51 | -0.0875% |
| S2 | 120.46 | -0.129% |
| S3 | 120.38 | -0.195% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 121.33 | 0.594% |
| R2 | 121.16 | 0.454% |
| R1 | 121.14 | 0.436% |
| Price | 120.61 | |
| S1 | 120.50 | -0.0937% |
| S2 | 119.29 | -1.10% |
| S3 | 118.85 | -1.46% |
QWLD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.94 | 0.87% |
| 2 | May 31, 2023 | Jun 01, 2023 | Jun 08, 2023 | $1.02 | 1.01% |
| 3 | Jan 17, 2022 | Dec 16, 2022 | Dec 23, 2022 | $0.89 | 0.95% |
| 4 | Jan 17, 2022 | Jun 01, 2022 | Jun 08, 2022 | $1.01 | 1.03% |
| 5 | Dec 16, 2021 | Dec 17, 2021 | Dec 27, 2021 | $1.03 | 0.93% |
FAQ
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