SPDR Dow Jones REIT ETF Forecast
Stronger technical forecast for SPDR Dow Jones REIT ETF price after Tuesday trading.
(Updated on May 07, 2024)
The SPDR Dow Jones REIT ETF price gained 0.87% on the last trading day (Tuesday, 7th May 2024), rising from $89.54 to $90.32. It has now gained 4 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 0.622% from a day low at $89.98 to a day high of $90.54. The price has risen in 6 of the last 10 days and is up by 2.07% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 52 thousand more shares were traded than the day before. In total, 207 thousand shares were bought and sold for approximately $18.67 million.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -5.76% during the next 3 months and, with a 90% probability hold a price between $80.15 and $86.82 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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RWR Signals & Forecast
Mostly positive signals in the chart today. The SPDR Dow Jones REIT ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $88.75 and $90.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.61%. 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). Volume is rising along with the price. This is considered to be a good technical signal. The ETF had a Golden Star Signal on Wednesday, June 28, 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, June 28, 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 Dow Jones REIT ETF
SPDR Dow Jones REIT finds support from accumulated volume at $88.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.560 (0.622%) between high and low. For the last week, the ETF has had daily average volatility of 1.45%.
Our recommended stop-loss: $85.82 (-4.99%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (RWR) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect SPDR Dow Jones REIT ETF to open at $90.28, and during the day (based on 14 day Average True Range), to move between $88.94 and $91.70, which gives a possible trading interval of +/-$1.38 (+/-1.53%) 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 3.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $92.06 (1.93%) than the support at $88.22 (2.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is SPDR Dow Jones REIT ETF ETF A Buy?
Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.814 Buy Candidate Upgraded
Predicted Opening Price for SPDR Dow Jones REIT ETF of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $90.28 ( 0.0443%) | $90.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RWR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 90.84 | 0.576 % | |
| R2 | 90.63 | 0.339 % | ||
| R1 | 90.49 | 0.193 % | ||
| Current price: | 90.32 | |||
| Support | S1 | 90.07 | -0.281 % | |
| S2 | 89.93 | -0.427 % | ||
| S3 | 89.72 | -0.664 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 94.96 | 5.14 % | |
| R2 | 92.97 | 2.93 % | ||
| R1 | 92.06 | 1.93 % | ||
| Current price | 90.32 | |||
| Support | S1 | 88.22 | -2.33% | |
| S2 | 87.40 | -3.23% | ||
| S3 | 86.85 | -3.84% |
RWR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 21, 2024 | $0.546 | 0.586% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $1.26 | 1.34% |
| 3 | Jan 13, 2023 | Sep 18, 2023 | Sep 21, 2023 | $0.82 | 0.97% |
| 4 | Jan 13, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.88 | 1.03% |
| 5 | Jan 13, 2023 | Mar 20, 2023 | Mar 23, 2023 | $0.611 | 0.747% |
FAQ
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