SPDR Portfolio Aggregate Bond ETF Forecast

Red day on Friday for SPDR Portfolio Aggregate Bond ETF after losing 0.239%
(Updated on May 17, 2024)

SPAB Signals & Forecast

The SPDR Portfolio Aggregate Bond ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $24.96 and $24.81. 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 Wednesday, May 15, 2024, and so far it has fallen -0.398%. 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 Tuesday, May 14, 2024 in the short-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 Portfolio Aggregate Bond ETF

SPDR Portfolio Aggregate Bond finds support from accumulated volume at $24.83 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 0.240%. For the last week the ETF has had daily average volatility of 0.255%.

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

Trading Expectations (SPAB) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect SPDR Portfolio Aggregate Bond ETF to open at $25.01, and during the day (based on 14 day Average True Range), to move between $24.89 and $25.11, which gives a possible trading interval of +/-$0.107 (+/-0.43%) up or down from last closing price. If SPDR Portfolio Aggregate Bond ETF takes out the full calculated possible swing range there will be an estimated 0.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $25.05 (0.20%) than the support at $24.83 (0.68%), 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 Portfolio Aggregate Bond ETF ETF A Buy?

SPDR Portfolio Aggregate Bond holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -1.930 Sell Candidate Unchanged

Predicted Opening Price for SPDR Portfolio Aggregate Bond ETF of Monday, May 20, 2024

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