SPDR S&P Dividend ETF Forecast
SPDR S&P Dividend ETF price ended at $128.60 on Friday, after gaining 0.398%.
(Updated on May 03, 2024)
The SPDR S&P Dividend ETF price gained 0.398% on the last trading day (Friday, 3rd May 2024), rising from $128.09 to $128.60. It has now gained 3 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 0.80% from a day low at $127.89 to a day high of $128.91. The price has risen in 7 of the last 10 days and is up by 1.43% over the past 2 weeks. Volume fell on the last day by -45 thousand shares and in total, 192 thousand shares were bought and sold for approximately $24.65 million. 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 lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 3.58% during the next 3 months and, with a 90% probability hold a price between $130.06 and $137.86 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SDY Signals & Forecast
Mostly positive signals in the chart today. The SPDR S&P Dividend 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 $127.87 and $128.12. 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 3.21%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.
Support, Risk & Stop-loss for SPDR S&P Dividend ETF
SPDR S&P Dividend finds support from accumulated volume at $128.52 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 $1.02 between high and low, or 0.80%. For the last week the ETF has had daily average volatility of 0.84%.
Our recommended stop-loss: $122.57 (-4.69%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (SDY) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect SPDR S&P Dividend ETF to open at $128.47, and during the day (based on 14 day Average True Range), to move between $127.38 and $129.82, which gives a possible trading interval of +/-$1.22 (+/-0.95%) up or down from last closing price. If SPDR S&P Dividend ETF takes out the full calculated possible swing range there will be an estimated 1.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $128.52 (0.06%) than the resistance at $128.80 (0.16%), 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 S&P Dividend ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for SPDR S&P Dividend ETF to perform well in the short-term.
Current score: 1.799 Buy Candidate Unchanged
Predicted Opening Price for SPDR S&P Dividend ETF of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $128.47 ( 0.105%) | $128.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SDY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 129.49 | 0.692 % | |
| R2 | 129.10 | 0.388 % | ||
| R1 | 128.86 | 0.199 % | ||
| Current price: | 128.60 | |||
| Support | S1 | 128.07 | -0.409 % | |
| S2 | 127.83 | -0.598 % | ||
| S3 | 127.44 | -0.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 129.90 | 1.01 % | |
| R2 | 128.91 | 0.241 % | ||
| R1 | 128.80 | 0.156 % | ||
| Current price | 128.60 | |||
| Support | S1 | 128.52 | -0.0622% | |
| S2 | 128.15 | -0.350% | ||
| S3 | 122.28 | -4.91% |
SDY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2024 | Mar 15, 2024 | Mar 20, 2024 | $0.708 | 0.549% |
| 2 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $1.96 | 1.58% |
| 3 | Jan 17, 2023 | Sep 15, 2023 | Sep 20, 2023 | $0.793 | 0.665% |
| 4 | Jan 17, 2023 | Jun 16, 2023 | Jun 22, 2023 | $0.81 | 0.675% |
| 5 | Jan 17, 2023 | Mar 17, 2023 | Mar 22, 2023 | $0.713 | 0.602% |
FAQ
Click here for our free guide on how to buy SPDR S&P Dividend ETF ETF.
