SPDR Portfolio Developed World ex-US ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of SPDR Portfolio Developed World ex-US ETF downgraded after the last trading session.
(Updated on May 22, 2024)
The SPDR Portfolio Developed World ex-US ETF price fell by -0.93% on the last day (Wednesday, 22nd May 2024) from $36.49 to $36.15. During the last trading day the ETF fluctuated 0.644% from a day low at $36.05 to a day high of $36.29. The price has risen in 7 of the last 10 days and is up by 1.26% over the past 2 weeks. Volume has increased on the last day by 761 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $90.46 million.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.21% during the next 3 months and, with a 90% probability hold a price between $35.26 and $37.47 at the end of this 3-month period.
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SPDW Signals & Forecast
The SPDR Portfolio Developed World ex-US ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $36.42. On a fall, the ETF will find some support from the long-term average at approximately $35.37. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 -1.20%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
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 $0.232 (0.644%) between high and low. For the last week, the ETF has had daily average volatility of 0.450%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SPDW) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect SPDR Portfolio Developed World ex-US ETF to open at $36.16, and during the day (based on 14 day Average True Range), to move between $35.85 and $36.45, which gives a possible trading interval of +/-$0.297 (+/-0.82%) 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 1.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $36.22 (0.19%) than the support at $35.97 (0.50%), 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?
SPDR Portfolio Developed World ex-US 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. 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 Sell candidate.
Current score: -1.327 Sell Candidate Downgraded
Predicted Opening Price for SPDR Portfolio Developed World ex-US ETF of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| $36.16 ( 0.0371%) | $36.15 |
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 | 36.40 | 0.679 % | |
| R2 | 36.31 | 0.434 % | ||
| R1 | 36.25 | 0.282 % | ||
| Current price: | 36.15 | |||
| Support | S1 | 36.07 | -0.208 % | |
| S2 | 36.02 | -0.360 % | ||
| S3 | 35.93 | -0.605 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.53 | 1.05 % | |
| R2 | 36.42 | 0.747 % | ||
| R1 | 36.22 | 0.194 % | ||
| Current price | 36.15 | |||
| Support | S1 | 35.97 | -0.498% | |
| S2 | 34.71 | -3.98% | ||
| S3 | 34.20 | -5.39% |
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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