Spdr Portfolio Europe Etf ETF Forecast
Spdr Portfolio Europe Etf ETF price ended at $42.26 on Tuesday, after losing 0.188%.
(Updated on Jun 25, 2024)
The Spdr Portfolio Europe Etf ETF price fell by -0.188% on the last day (Tuesday, 25th Jun 2024) from $42.34 to $42.26. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.571% from a day low at $42.04 to a day high of $42.28. The price has fallen in 6 of the last 10 days and is down by -3.07% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -158 thousand shares and in total, 98 thousand shares were bought and sold for approximately $4.13 million.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $42.24 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 5.87% during the next 3 months and, with a 90% probability hold a price between $44.72 and $47.34 at the end of this 3-month period.
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SPEU Signals & Forecast
There are few to no technical positive signals at the moment. The Spdr Portfolio Europe Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $42.62 and $43.28. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -4.47%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Thursday, May 02, 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.
Golden Star
The ETF had a Golden Star Signal on Thursday, May 02, 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 Europe Etf ETF
Spdr Portfolio Europe Etf finds support from accumulated volume at $42.14 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 $0.240 between high and low, or 0.571%. For the last week the ETF has had daily average volatility of 0.508%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SPEU) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Spdr Portfolio Europe Etf to open at $42.19, and during the day (based on 14 day Average True Range), to move between $41.82 and $42.70, which gives a possible trading interval of +/-$0.443 (+/-1.05%) up or down from last closing price. If Spdr Portfolio Europe Etf takes out the full calculated possible swing range there will be an estimated 2.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $42.34 (0.19%) than the support at $42.14 (0.28%), 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 Europe Etf ETF A Buy?
The Spdr Portfolio Europe Etf ETF holds several negative signals and despite the positive trend, we believe Spdr Portfolio Europe Etf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -1.132 Sell Candidate Unchanged
Predicted Opening Price for Spdr Portfolio Europe Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $42.19 ( 0.158%) | $42.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPEU
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.43 | 0.410% |
| R2 | 42.34 | 0.193% |
| R1 | 42.29 | 0.0586% |
| Price | 42.26 | |
| S1 | 42.10 | -0.375% |
| S2 | 42.05 | -0.509% |
| S3 | 41.95 | -0.726% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 44.24 | 4.68% |
| R2 | 43.05 | 1.87% |
| R1 | 42.34 | 0.188% |
| Price | 42.26 | |
| S1 | 42.14 | -0.285% |
| S2 | 42.08 | -0.427% |
| S3 | 41.71 | -1.30% |
FAQ
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