SPDR SSGA US Small Cap Low Volatility ETF Forecast
Weaker technical forecast for SPDR SSGA US Small Cap Low Volatility as ETF downgraded to Hold/Accumulate.
(Updated on May 02, 2024)
The SPDR SSGA US Small Cap Low Volatility ETF price gained 0.769% on the last trading day (Thursday, 2nd May 2024), rising from $107.81 to $108.63. During the last trading day the ETF fluctuated 0.702% from a day low at $108.10 to a day high of $108.86. The price has risen in 6 of the last 10 days and is up by 4.63% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 2 thousand shares were bought and sold for approximately $167.84 thousand. 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect SPDR SSGA US Small Cap Low Volatility ETF with a 90% probability to be traded between $102.28 and $110.30 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SMLV Signals & Forecast
The SPDR SSGA US Small Cap Low Volatility 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 $107.61 and $107.65. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -0.120%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The ETF had a Golden Star Signal on Tuesday, July 11, 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 Tuesday, July 11, 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 SSGA US Small Cap Low Volatility ETF
SPDR SSGA US Small Cap Low Volatility finds support from accumulated volume at $108.41 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.759 between high and low, or 0.702%. For the last week the ETF has had daily average volatility of 1.05%
Our recommended stop-loss: $105.17 (-3.19%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (SMLV) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect SPDR SSGA US Small Cap Low Volatility Index ETF to open at $108.53, and during the day (based on 14 day Average True Range), to move between $107.20 and $110.06, which gives a possible trading interval of +/-$1.43 (+/-1.32%) up or down from last closing price. If SPDR SSGA US Small Cap Low Volatility Index ETF takes out the full calculated possible swing range there will be an estimated 2.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $108.41 (0.21%) than the resistance at $109.00 (0.34%), 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 SSGA US Small Cap Low Volatility Index ETF ETF A Buy?
SPDR SSGA US Small Cap Low Volatility 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.196 Hold/Accumulate Downgraded
Predicted Opening Price for SPDR SSGA US Small Cap Low Volatility Index ETF of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$108.53 ( 0.0948%) | $108.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMLV
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 109.29 | 0.604 % | |
R2 | 109.00 | 0.337 % | ||
R1 | 108.82 | 0.172 % | ||
Current price: | 108.63 | |||
Support | S1 | 108.24 | -0.362 % | |
S2 | 108.06 | -0.527 % | ||
S3 | 107.77 | -0.794 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 110.19 | 1.43 % | |
R2 | 109.44 | 0.742 % | ||
R1 | 109.00 | 0.337 % | ||
Current price | 108.63 | |||
Support | S1 | 108.41 | -0.207% | |
S2 | 107.48 | -1.06% | ||
S3 | 106.26 | -2.19% |
SMLV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2024 | Mar 15, 2024 | Mar 20, 2024 | $0.555 | 0.508% |
2 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.87 | 0.780% |
3 | Jan 17, 2023 | Sep 15, 2023 | Sep 20, 2023 | $0.663 | 0.659% |
4 | Jan 17, 2023 | Jun 16, 2023 | Jun 22, 2023 | $0.641 | 0.626% |
5 | Jan 17, 2023 | Mar 17, 2023 | Mar 22, 2023 | $0.84 | 0.82% |
FAQ
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