SPDR Bloomberg Barclays Short Term High ETF Forecast

SPDR Bloomberg Barclays Short Term High ETF price ended at $24.92 on Friday, after losing 0.200%.
(Updated on May 10, 2024)

SJNK Signals & Forecast

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. The SPDR Bloomberg Barclays Short Term High ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $24.96 and $24.95. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -0.360%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The ETF had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, June 28, 2023.

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 Bloomberg Barclays Short Term High ETF

SPDR Bloomberg Barclays Short Term High finds support from accumulated volume at $24.88 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 $0.0600 between high and low, or 0.241%. For the last week the ETF has had daily average volatility of 0.200%.

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

Trading Expectations (SJNK) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect SPDR Bloomberg Barclays Short Term High Yield Bond ETF to open at $24.93, and during the day (based on 14 day Average True Range), to move between $24.83 and $25.01, which gives a possible trading interval of +/-$0.0928 (+/-0.37%) up or down from last closing price. If SPDR Bloomberg Barclays Short Term High Yield Bond ETF takes out the full calculated possible swing range there will be an estimated 0.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $24.95 (0.12%) than the support at $24.88 (0.16%), 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 Bloomberg Barclays Short Term High Yield Bond ETF ETF A Buy?

SPDR Bloomberg Barclays Short Term High holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.

Current score: -3.096 Sell Candidate Unchanged

Predicted Opening Price for SPDR Bloomberg Barclays Short Term High Yield Bond ETF of Monday, May 13, 2024

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