SPDR Dow Jones REIT ETF Forecast

Green day on Friday for SPDR Dow Jones REIT
(Updated on Apr 26, 2024)

RWR Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.89%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SPDR Dow Jones REIT ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $91.05. On a fall, the ETF will find some support from the short-term average at $87.67. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for SPDR Dow Jones REIT ETF

SPDR Dow Jones REIT finds support from accumulated volume at $87.11 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 and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.93 between high and low, or 1.06%. For the last week, the ETF has had daily average volatility of 1.22%.

Our recommended stop-loss: $82.77 (-5.91%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (RWR) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect SPDR Dow Jones REIT ETF to open at $88.25, and during the day (based on 14 day Average True Range), to move between $86.60 and $89.34, which gives a possible trading interval of +/-$1.37 (+/-1.56%) up or down from last closing price. If SPDR Dow Jones REIT ETF takes out the full calculated possible swing range there will be an estimated 3.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $87.11 (0.98%) than the resistance at $92.06 (4.65%), 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 Dow Jones REIT ETF ETF A Buy?

SPDR Dow Jones REIT 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: -0.772 Hold/Accumulate Unchanged

Predicted Opening Price for SPDR Dow Jones REIT ETF of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.