SPDR SSGA MULTI-ASSET REAL RETURN ETF Forecast
Evaluation of SPDR SSGA MULTI-ASSET REAL RETURN ETF downgraded after the last trading session.
(Updated on Jun 28, 2024)
The SPDR SSGA MULTI-ASSET REAL RETURN ETF price fell by -0.253% on the last day (Friday, 28th Jun 2024) from $27.70 to $27.63. During the last trading day the ETF fluctuated 0.493% from a day low at $27.59 to a day high of $27.73. The price has fallen in 6 of the last 10 days and is down by -0.86% 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 -154 thousand shares and in total, 66 thousand shares were bought and sold for approximately $1.82 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 $27.54 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 $27.39 and $28.81 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
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 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 $27.84 and $28.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -4.86%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. 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.
Support, Risk & Stop-loss for SPDR SSGA MULTI-ASSET REAL RETURN ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
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 $0.136 between high and low, or 0.493%. For the last week the ETF has had daily average volatility of 0.531%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect SPDR SSGA MULTI-ASSET REAL RETURN ETF to open at $27.65, and during the day (based on 14 day Average True Range), to move between $27.39 and $27.87, which gives a possible trading interval of +/-$0.238 (+/-0.86%) 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 1.72% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $27.70, some $0.0700 (0.25%) from the current price of $27.63, our system finds the risk reward not very attractive.
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: -1.543 Sell Candidate Downgraded
Predicted Opening Price for SPDR SSGA MULTI-ASSET REAL RETURN ETF of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$27.65 ( 0.0771%) | $27.63 |
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 | 27.79 | 0.570% |
R2 | 27.74 | 0.382% |
R1 | 27.70 | 0.265% |
Price | 27.63 | |
S1 | 27.60 | -0.111% |
S2 | 27.57 | -0.227% |
S3 | 27.52 | -0.415% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 27.87 | 0.87% |
R2 | 27.82 | 0.688% |
R1 | 27.70 | 0.253% |
Price | 27.63 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
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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