Spdr S&p Kensho Intelligent Structures ETF Forecast

Spdr S&p Kensho Intelligent Structures ETF downgraded to Sell Candidate
(Updated on Jun 28, 2024)

SIMS Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 0.85%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Spdr S&p Kensho Intelligent Structures 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 $33.20 and $34.33. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Spdr S&p Kensho Intelligent Structures gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Spdr S&p Kensho Intelligent Structures ETF

Spdr S&p Kensho Intelligent Structures finds support from accumulated volume at $32.72 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 $0.340 (1.03%) between high and low. For the last week, the ETF has had daily average volatility of 0.505%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SIMS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Spdr S&p Kensho Intelligent Structures Etf to open at $33.25, and during the day (based on 14 day Average True Range), to move between $32.76 and $33.62, which gives a possible trading interval of +/-$0.431 (+/-1.30%) up or down from last closing price. If Spdr S&p Kensho Intelligent Structures Etf takes out the full calculated possible swing range there will be an estimated 2.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $32.72 (1.42%) than the resistance at $34.77 (4.76%), 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 Kensho Intelligent Structures Etf ETF A Buy?

The Spdr S&p Kensho Intelligent Structures ETF holds several negative signals and despite the positive trend, we believe Spdr S&p Kensho Intelligent Structures will perform weakly in the next couple of days or weeks. Therefore, we 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: -1.388 Sell Candidate Downgraded

Predicted Opening Price for Spdr S&p Kensho Intelligent Structures Etf of Monday, July 1, 2024

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