SPDR Kensho Final Frontiers 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 Kensho Final Frontiers ETF price up 0.142% on Friday
(Updated on May 17, 2024)
The SPDR Kensho Final Frontiers ETF price gained 0.142% on the last trading day (Friday, 17th May 2024), rising from $45.62 to $45.69. It has now gained 7 days in a row. It is not often that ETFS manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the ETF fluctuated 0.340% from a day low at $45.53 to a day high of $45.69. The price has risen in 8 of the last 10 days and is up by 3.2% over the past 2 weeks. Volume fell on the last day by -58 shares and in total, 204 shares were bought and sold for approximately $9.32 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 has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $45.19 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the ETF is predicted to reach $48.09 sometime during the next 3 months.
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ROKT Signals & Forecast
The SPDR Kensho Final Frontiers 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 $45.48 and $43.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.59%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for SPDR Kensho Final Frontiers ETF
SPDR Kensho Final Frontiers finds support from accumulated volume at $44.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.155 between high and low, or 0.340%. For the last week the ETF has had daily average volatility of 0.288%.
The SPDR Kensho Final Frontiers ETF is extremely overbought on RSI14 (78). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken. Since the SPDR Kensho Final Frontiers has been rising for 7 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $43.66 (-4.42%) (This ETF has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (ROKT) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect SPDR Kensho Final Frontiers ETF to open at $45.63, and during the day (based on 14 day Average True Range), to move between $45.39 and $45.98, which gives a possible trading interval of +/-$0.298 (+/-0.65%) up or down from last closing price. If SPDR Kensho Final Frontiers ETF takes out the full calculated possible swing range there will be an estimated 1.30% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $44.19, some $1.50 (3.28%) from the current price of $45.69, our system finds the risk reward attractive.
Is SPDR Kensho Final Frontiers ETF ETF A Buy?
SPDR Kensho Final Frontiers 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for SPDR Kensho Final Frontiers ETF of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$45.63 ( 0.113%) | $45.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ROKT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 45.79 | 0.226 % | |
R2 | 45.73 | 0.0966 % | ||
R1 | 45.69 | 0.0165 % | ||
Current price: | 45.69 | |||
Support | S1 | 45.57 | -0.243 % | |
S2 | 45.54 | -0.323 % | ||
S3 | 45.48 | -0.452 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 45.69 | |||
Support | S1 | 44.19 | -3.28% | |
S2 | 42.13 | -7.79% | ||
S3 | 42.07 | -7.91% |
ROKT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 18, 2024 | Mar 18, 2024 | Mar 21, 2024 | $0.0606 | 0.137% |
2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.115 | 0.264% |
3 | Jan 13, 2023 | Sep 18, 2023 | Sep 21, 2023 | $0.0640 | 0.162% |
4 | Jan 13, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.0530 | 0.125% |
5 | Jan 13, 2023 | Mar 20, 2023 | Mar 23, 2023 | $0.0470 | 0.120% |
FAQ
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