SPDR(R) PORTFOLIO MID CAP SPDR(R) 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
Green day on Friday for SPDR(R) PORTFOLIO MID CAP SPDR(R)
(Updated on Apr 19, 2024)
The SPDR(R) PORTFOLIO MID CAP SPDR(R) ETF price gained 0.303% on the last trading day (Friday, 19th Apr 2024), rising from $49.54 to $49.69. During the last trading day the ETF fluctuated 0.98% from a day low at $49.40 to a day high of $49.89. The price has fallen in 6 of the last 10 days and is down by -5.08% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $84.30 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 $49.60 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 7.89% during the next 3 months and, with a 90% probability hold a price between $53.52 and $58.59 at the end of this 3-month period.
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SPMD Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.303%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SPDR(R) PORTFOLIO MID CAP SPDR(R) 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 $50.24 and $51.70. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for SPDR(R) PORTFOLIO MID CAP SPDR(R) ETF
SPDR(R) PORTFOLIO MID CAP SPDR(R) finds support from accumulated volume at $48.89 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 $0.485 (0.98%) between high and low. For the last week, the ETF has had daily average volatility of 1.52%.
SPDR(R) PORTFOLIO MID CAP SPDR(R) is oversold on RSI14 (20). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $46.47 (-6.48%) (This ETF has low daily movements and this gives low risk. Low RSI14 is 20 which reduces the risk some. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (SPMD) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect SPDR(R) PORTFOLIO MID CAP ETF SPDR(R) PORTFOLIO MID CAP ETF to open at $49.66, and during the day (based on 14 day Average True Range), to move between $49.00 and $50.38, which gives a possible trading interval of +/-$0.691 (+/-1.39%) 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 2.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $50.08 (0.78%) than the support at $48.89 (1.61%), 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(R) PORTFOLIO MID CAP ETF SPDR(R) PORTFOLIO MID CAP ETF ETF A Buy?
SPDR(R) PORTFOLIO MID CAP SPDR(R) holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.239 Hold/Accumulate Unchanged
Predicted Opening Price for SPDR(R) PORTFOLIO MID CAP ETF SPDR(R) PORTFOLIO MID CAP ETF of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $49.66 ( 0.0638%) | $49.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPMD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.14 | 0.91 % | |
| R2 | 49.96 | 0.540 % | ||
| R1 | 49.84 | 0.309 % | ||
| Current price: | 49.69 | |||
| Support | S1 | 49.47 | -0.437 % | |
| S2 | 49.36 | -0.667 % | ||
| S3 | 49.17 | -1.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.69 | 6.04 % | |
| R2 | 51.84 | 4.33 % | ||
| R1 | 50.08 | 0.785 % | ||
| Current price | 49.69 | |||
| Support | S1 | 48.89 | -1.61% | |
| S2 | 48.49 | -2.41% | ||
| S3 | 48.38 | -2.64% |
SPMD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 21, 2024 | $0.163 | 0.308% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.188 | 0.391% |
| 3 | Jan 13, 2023 | Sep 18, 2023 | Sep 21, 2023 | $0.176 | 0.402% |
| 4 | Jan 13, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.193 | 0.439% |
| 5 | Jan 13, 2023 | Mar 20, 2023 | Mar 23, 2023 | $0.161 | 0.386% |
FAQ
Click here for our free guide on how to buy SPDR(R) PORTFOLIO MID CAP ETF SPDR(R) PORTFOLIO MID CAP ETF ETF.
