SPDR Portfolio Mortgage Backed Bond ETF Forecast

$21.77
+0.0600 (+0.276%)
At Close: Mar 27, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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SPDR Portfolio Mortgage Backed Bond ETF upgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The SPDR Portfolio Mortgage Backed Bond ETF price gained 0.276% on the last trading day (Wednesday, 27th Mar 2024), rising from $21.71 to $21.77. During the last trading day the ETF fluctuated 0.276% from a day low at $21.71 to a day high of $21.77. The price has risen in 5 of the last 10 days and is up by 0.28% over the past 2 weeks. Volume fell on the last day by -138 thousand shares and in total, 303 thousand shares were bought and sold for approximately $6.60 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 $21.81 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect SPDR Portfolio Mortgage Backed Bond ETF with a 90% probability to be traded between $20.91 and $21.46 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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SPMB Signals & Forecast

There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -0.183%. 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). The SPDR Portfolio Mortgage Backed Bond 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 $21.67 and $21.60. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. The ETF had a Golden Star Signal on Thursday, March 21, 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.

Buy
Special Signal Notification

Golden Star

The ETF had a Golden Star Signal on Thursday, March 21, 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 Mortgage Backed Bond ETF

SPDR Portfolio Mortgage Backed Bond finds support from accumulated volume at $21.66 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 $0.0600 between high and low, or 0.276%. For the last week the ETF has had daily average volatility of 0.258%.

Our recommended stop-loss: $21.01 (-3.51%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (SPMB) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect SPDR Portfolio Mortgage Backed Bond ETF to open at $21.75, and during the day (based on 14 day Average True Range), to move between $21.68 and $21.86, which gives a possible trading interval of +/-$0.0914 (+/-0.42%) up or down from last closing price. If SPDR Portfolio Mortgage Backed Bond ETF takes out the full calculated possible swing range there will be an estimated 0.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $21.80 (0.14%) than the support at $21.66 (0.51%), 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 Mortgage Backed Bond ETF ETF A Buy?

SPDR Portfolio Mortgage Backed Bond 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.779 Hold/Accumulate Upgraded

Predicted Opening Price for SPDR Portfolio Mortgage Backed Bond ETF of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$21.75 ( 0.0919%) $21.77

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

Trading levels for SPMB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 21.81 0.184 %
R2 21.79 0.0785 %
R1 21.77 0.0134 %
Current price: 21.77
Support S1 21.73 -0.197 %
S2 21.71 -0.262 %
S3 21.69 -0.367 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 21.90 0.597 %
R2 21.82 0.230 %
R1 21.80 0.138 %
Current price 21.77
Support S1 21.66 -0.505%
S2 21.63 -0.643%
S3 21.52 -1.15%

SPMB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 02, 2024 Mar 01, 2024 Mar 07, 2024 $0.0649 0.298%
2 Jan 02, 2024 Feb 01, 2024 Feb 07, 2024 $0.0621 0.286%
3 Dec 18, 2023 Dec 18, 2023 Dec 18, 2023 $0.0610 0.279%
4 Dec 01, 2023 Dec 01, 2023 Dec 01, 2023 $0.0610 0.284%
5 Jan 17, 2023 Nov 01, 2023 Nov 07, 2023 $0.0610 0.293%

FAQ

What is the symbol for SPDR Portfolio Mortgage Backed Bond ETF ETF and on which exchange is it traded?
The symbol for SPDR Portfolio Mortgage Backed Bond ETF is SPMB and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell SPDR Portfolio Mortgage Backed Bond ETF ETF?
SPDR Portfolio Mortgage Backed Bond 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy SPDR Portfolio Mortgage Backed Bond ETF ETF?
SPDR Portfolio Mortgage Backed Bond ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy SPDR Portfolio Mortgage Backed Bond ETF ETF.

What's the current price of SPDR Portfolio Mortgage Backed Bond ETF ETF?
As of the end of day on the 2024-03-27, the price of an SPDR Portfolio Mortgage Backed Bond ETF (SPMB) share was $21.77.

What is the 52-week high and low for SPDR Portfolio Mortgage Backed Bond ETF ETF?
The 52-week high for SPDR Portfolio Mortgage Backed Bond ETF ETF is $22.49 and the 52-week low is $20.00.

What is the market capitalization of SPDR Portfolio Mortgage Backed Bond ETF ETF?
As of the 2024-03-27, the market capitalization of SPDR Portfolio Mortgage Backed Bond ETF is 4.908B.
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About SPDR Portfolio Mortgage Backed Bond ETF

The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of the U.S. agency mortgage pass-through segment of the U.S. investment grade bond market.... SPMB Profile

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