SPDR Portfolio Developed World ex-US ETF Forecast
SPDR Portfolio Developed World ex-US ETF price ended at $36.53 on Friday, after gaining 0.302%.
(Updated on May 17, 2024)
The SPDR Portfolio Developed World ex-US ETF price gained 0.302% on the last trading day (Friday, 17th May 2024), rising from $36.42 to $36.53. During the last trading day the ETF fluctuated 0.519% from a day low at $36.35 to a day high of $36.54. The price has risen in 8 of the last 10 days and is up by 3.1% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 88 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $77.31 million.
The ETF lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $36.61 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 2.05% during the next 3 months and, with a 90% probability hold a price between $35.16 and $37.37 at the end of this 3-month period.
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SPDW Signals & Forecast
The SPDR Portfolio Developed World ex-US 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 $36.23 and $35.30. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 -0.164%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for SPDR Portfolio Developed World ex-US ETF
SPDR Portfolio Developed World ex-US finds support from accumulated volume at $35.97 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 $0.189 (0.519%) between high and low. For the last week, the ETF has had daily average volatility of 0.538%.
Our recommended stop-loss: $35.22 (-3.58%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (SPDW) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect SPDR Portfolio Developed World ex-US ETF to open at $36.47, and during the day (based on 14 day Average True Range), to move between $36.22 and $36.84, which gives a possible trading interval of +/-$0.308 (+/-0.84%) up or down from last closing price. If SPDR Portfolio Developed World ex-US ETF takes out the full calculated possible swing range there will be an estimated 1.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $36.59 (0.16%) than the support at $35.97 (1.53%), 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 Developed World ex-US ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for SPDR Portfolio Developed World ex-US ETF to perform well in the short-term.
Current score: 2.859 Buy Candidate Unchanged
Predicted Opening Price for SPDR Portfolio Developed World ex-US ETF of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$36.47 ( 0.154%) | $36.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPDW
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 36.66 | 0.363 % | |
R2 | 36.59 | 0.165 % | ||
R1 | 36.55 | 0.0434 % | ||
Current price: | 36.53 | |||
Support | S1 | 36.40 | -0.351 % | |
S2 | 36.36 | -0.473 % | ||
S3 | 36.28 | -0.671 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 36.59 | 0.164 % | ||
Current price | 36.53 | |||
Support | S1 | 35.97 | -1.53% | |
S2 | 34.71 | -4.98% | ||
S3 | 34.20 | -6.38% |
SPDW Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.350 | 1.06% |
2 | Jan 17, 2023 | Jun 20, 2023 | Jun 27, 2023 | $0.584 | 1.81% |
3 | Jan 17, 2022 | Dec 20, 2022 | Dec 29, 2022 | $0.342 | 1.14% |
4 | Jan 17, 2022 | Jun 21, 2022 | Jun 28, 2022 | $0.585 | 2.01% |
5 | Dec 17, 2021 | Dec 20, 2021 | Dec 28, 2021 | $0.598 | 1.63% |
FAQ
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