SPDR(R) PORTFOLIO MID CAP SPDR(R) ETF Forecast

NASDAQ:SPMD Open Broker Account

$45.09 (0.356%)

Volume: 492.642k

Closed: Dec 01, 2022

Hollow Logo Score: 4.289

SPDR(R) PORTFOLIO MID CAP SPDR(R) ETF Forecast

$45.09 (0.356%)

Volume: 492.642k

Closed: Dec 01, 2022

Score Hollow Logo 4.289
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 75 ]
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SPDR(R) PORTFOLIO MID CAP SPDR(R) ETF price ended on $45.09 on Thursday after gaining 0.356%
(Updated on Dec 01, 2022)


Buy candidate since 2022-11-30 Gain 0.36% PDF

The SPDR(R) PORTFOLIO MID CAP SPDR(R) ETF price gained 0.356% on the last trading day (Thursday, 1st Dec 2022), rising from $44.93 to $45.09. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 1.46% from a day low at $44.97 to a day high of $45.63. The price has risen in 7 of the last 10 days and is up by 2.64% over the past 2 weeks. Volume fell on the last day by -691 thousand shares and in total, 493 thousand shares were bought and sold for approximately $22.21 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.

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The ETF lies in the middle of a wide and 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 7.54% during the next 3 months and, with a 90% probability hold a price between $44.16 and $50.91 at the end of this 3-month period.

SPMD Signals & Forecast

The SPDR(R) PORTFOLIO MID CAP SPDR(R) 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 $44.59 and $42.63. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, October 14, 2022, and so far it has risen 14.67%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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Support, Risk & Stop-loss for SPDR(R) PORTFOLIO MID CAP SPDR(R) ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $40.67 and $39.32. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, SPDR(R) PORTFOLIO MID CAP SPDR(R) finds support just below today's level at $40.67. If this is broken, then the next support from accumulated volume will be at $39.32 and $38.56.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.658 between high and low, or 1.46%. For the last week, the ETF has had daily average volatility of 1.45%.

Our recommended stop-loss: $43.59 (-3.32%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 33 days ago.)

Trading Expectations (SPMD) For The Upcoming Trading Day Of Friday 2nd

For the upcoming trading day on Friday, 2nd we expect SPDR(R) PORTFOLIO MID CAP ETF SPDR(R) PORTFOLIO MID CAP ETF to open at $45.23, and during the day (based on 14 day Average True Range), to move between $44.27 and $45.91, which gives a possible trading interval of +/-$0.82 (+/-1.81%) up or down from last closing price. If SPDR(R) PORTFOLIO MID CAP ETF SPDR(R) PORTFOLIO MID CAP ETF takes out the full calculated possible swing range there will be an estimated 3.62% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $4.42 (9.80%) our system find the risk reward attractive.

Is SPDR(R) PORTFOLIO MID CAP ETF SPDR(R) PORTFOLIO MID CAP 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(R) PORTFOLIO MID CAP SPDR(R) ETF to perform well in the short-term.

Current score: 4.289 Open Broker Account

Buy Candidate Unchanged

Predicted Opening Price for SPDR(R) PORTFOLIO MID CAP ETF SPDR(R) PORTFOLIO MID CAP ETF of Friday, December 2, 2022

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

Fair opening price December 2, 2022 Current price
$45.23 $45.09 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 45.89 1.77 %
45.64 1.21 %
45.48 0.87 %
Current price: 45.09
Support 44.98 -0.248 %
44.82 -0.593 %
44.57 -1.15 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
0 .
Current price 45.09
Support 40.67 -9.80%
39.32 -12.80%
38.56 -14.48%

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