Global X SuperIncome Preferred 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
Global X SuperIncome Preferred ETF price down 0.0930% on Thursday
(Updated on Jun 27, 2024)
The Global X SuperIncome Preferred ETF price fell by -0.0930% on the last day (Thursday, 27th Jun 2024) from $9.25 to $9.24. During the last trading day the ETF fluctuated 0.324% from a day low at $9.23 to a day high of $9.26. The price has been going up and down for this period, and there has been a 0.55% gain for the last 2 weeks. Volume has increased on the last day by 13 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, 34 thousand shares were bought and sold for approximately $313.03 thousand.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $9.26 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Global X SuperIncome Preferred ETF with a 90% probability to be traded between $8.91 and $9.24 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SPFF Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -0.216%. 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). Global X SuperIncome Preferred gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The Global X SuperIncome Preferred 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 $9.22 and $9.17. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Global X SuperIncome Preferred ETF
Global X SuperIncome Preferred finds support from accumulated volume at $9.16 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 $0.0299 between high and low, or 0.324%. For the last week the ETF has had daily average volatility of 0.467%.
Our recommended stop-loss: $8.97 (-2.91%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (SPFF) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Global X SuperIncome Preferred ETF to open at $9.24, and during the day (based on 14 day Average True Range), to move between $9.18 and $9.30, which gives a possible trading interval of +/-$0.0564 (+/-0.61%) up or down from last closing price. If Global X SuperIncome Preferred ETF takes out the full calculated possible swing range there will be an estimated 1.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.16 (0.87%) than the resistance at $9.33 (0.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Global X SuperIncome Preferred ETF ETF A Buy?
Global X SuperIncome Preferred holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.151 Hold/Accumulate Unchanged
Predicted Opening Price for Global X SuperIncome Preferred ETF of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $9.24 ( 0.0364%) | $9.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPFF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.27 | 0.360% |
| R2 | 9.26 | 0.236% |
| R1 | 9.25 | 0.160% |
| Price | 9.24 | |
| S1 | 9.23 | -0.0872% |
| S2 | 9.22 | -0.164% |
| S3 | 9.21 | -0.287% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.44 | 2.16% |
| R2 | 9.36 | 1.30% |
| R1 | 9.33 | 0.97% |
| Price | 9.24 | |
| S1 | 9.16 | -0.87% |
| S2 | 9.15 | -0.97% |
| S3 | 9.11 | -1.41% |
SPFF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2024 | May 03, 2024 | May 13, 2024 | $0.0460 | 0.503% |
| 2 | Dec 28, 2023 | Apr 03, 2024 | Apr 11, 2024 | $0.0460 | 0.502% |
| 3 | Dec 28, 2023 | Mar 05, 2024 | Mar 13, 2024 | $0.0460 | 0.487% |
| 4 | Dec 28, 2023 | Feb 05, 2024 | Feb 13, 2024 | $0.0460 | 0.491% |
| 5 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.0580 | 0.630% |
FAQ
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