SPDR SSGA MULTI-ASSET REAL RETURN ETF Forecast
SPDR SSGA MULTI-ASSET REAL RETURN ETF downgraded to Sell Candidate
(Updated on Jun 25, 2024)
The SPDR SSGA MULTI-ASSET REAL RETURN ETF price fell by -1.66% on the last day (Tuesday, 25th Jun 2024) from $28.19 to $27.72. During the last trading day the ETF fluctuated 0.488% from a day low at $27.66 to a day high of $27.79. The price has fallen in 6 of the last 10 days and is down by -1.45% for this period. Volume has increased on the last day by 72 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, 113 thousand shares were bought and sold for approximately $3.15 million.
The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $27.65 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect SPDR SSGA MULTI-ASSET REAL RETURN ETF with a 90% probability to be traded between $27.77 and $29.22 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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RLY Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.293%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SPDR SSGA MULTI-ASSET REAL RETURN 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 $27.86 and $28.35. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The ETF had a Golden Star Signal on Wednesday, December 13, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Wednesday, December 13, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A buy signal from a double bottom formation was found on Monday, June 17, 2024 and based on theory for this formation the price should go up by 8.74% to $30.14 within 43 trading days since signal was issued (Monday, August 19, 2024).
Support, Risk & Stop-loss for SPDR SSGA MULTI-ASSET REAL RETURN ETF
SPDR SSGA MULTI-ASSET REAL RETURN finds support from accumulated volume at $27.70 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 $0.135 between high and low, or 0.488%. For the last week the ETF has had daily average volatility of 0.654%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RLY) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect SPDR SSGA MULTI-ASSET REAL RETURN ETF to open at $27.72, and during the day (based on 14 day Average True Range), to move between $27.46 and $27.98, which gives a possible trading interval of +/-$0.261 (+/-0.94%) up or down from last closing price. If SPDR SSGA MULTI-ASSET REAL RETURN ETF takes out the full calculated possible swing range there will be an estimated 1.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $27.70 (0.08%) than the resistance at $27.82 (0.36%), 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 SSGA MULTI-ASSET REAL RETURN ETF ETF A Buy?
SPDR SSGA MULTI-ASSET REAL RETURN 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.034 Sell Candidate Downgraded
Predicted Opening Price for SPDR SSGA MULTI-ASSET REAL RETURN ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $27.72 ( 0.0036%) | $27.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RLY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.86 | 0.491% |
| R2 | 27.81 | 0.305% |
| R1 | 27.77 | 0.190% |
| Price | 27.72 | |
| S1 | 27.67 | -0.182% |
| S2 | 27.64 | -0.297% |
| S3 | 27.59 | -0.483% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.41 | 2.49% |
| R2 | 27.87 | 0.537% |
| R1 | 27.82 | 0.357% |
| Price | 27.72 | |
| S1 | 27.70 | -0.0758% |
| S2 | 27.69 | -0.112% |
| S3 | 27.54 | -0.653% |
RLY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 03, 2024 | Mar 19, 2024 | Mar 22, 2024 | $0.0306 | 0.112% |
| 2 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | $0.547 | 2.00% |
| 3 | Jan 17, 2023 | Sep 19, 2023 | Sep 22, 2023 | $0.0630 | 0.231% |
| 4 | Jan 17, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.296 | 1.13% |
| 5 | Jan 17, 2023 | Mar 21, 2023 | Mar 24, 2023 | $0.102 | 0.383% |
FAQ
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