Spdr Series Trust ETF Forecast

Spdr Series Trust ETF price down 0.350% on Wednesday
(Updated on Jun 26, 2024)

SPDG 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 Series Trust 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 $34.71 and $34.33. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -2.45%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Spdr Series Trust ETF

Spdr Series Trust finds support from accumulated volume at $33.94 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.260%

Our recommended stop-loss: $32.73 (-4.31%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (SPDG) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Spdr Series Trust to open at $34.21, and during the day (based on 14 day Average True Range), to move between $33.96 and $34.46, which gives a possible trading interval of +/-$0.246 (+/-0.72%) up or down from last closing price. If Spdr Series Trust takes out the full calculated possible swing range there will be an estimated 1.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $33.94 (0.79%) than the resistance at $34.87 (1.93%), 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 Series Trust ETF A Buy?

Spdr Series Trust holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Spdr Series Trust of Thursday, June 27, 2024

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