Spdr S&p 500 Ucits Etf ETF Forecast
Green day on Friday for Spdr S&p 500 Ucits Etf ETF after gaining 0.539%
(Updated on Jun 28, 2024)
The Spdr S&p 500 Ucits Etf ETF price gained 0.539% on the last trading day (Friday, 28th Jun 2024), rising from 13.54€ to 13.61€. It has now gained 3 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 0.375% from a day low at 13.61€ to a day high of 13.66€. The price has risen in 8 of the last 10 days and is up by 1.4% over the past 2 weeks. Volume fell on the last day by -58 thousand shares and in total, 31 thousand shares were bought and sold for approximately 421.43€ thousand. 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 ETF lies in the middle of a 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 7.80% during the next 3 months and, with a 90% probability hold a price between 14.14€ and 15.07€ at the end of this 3-month period.
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SPPE.F Signals & Forecast
The Spdr S&p 500 Ucits Etf 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 13.56€ and 13.27€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 10.41%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Spdr S&p 500 Ucits Etf ETF
Spdr S&p 500 Ucits Etf finds support from accumulated volume at 13.16€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved 0.0510€ between high and low, or 0.375%. For the last week the ETF has had daily average volatility of 0.405%
Our recommended stop-loss: 13.21€ (-2.96%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 68 days ago.)
Trading Expectations (SPPE.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Spdr S&p 500 Ucits Etf to open at 13.63€, and during the day (based on 14 day Average True Range), to move between 13.53€ and 13.70€, which gives a possible trading interval of +/-0.0874€ (+/-0.64%) up or down from last closing price. If Spdr S&p 500 Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.28% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 13.16€, some 0.454€ (3.33%) from the current price of 13.61€, our system finds the risk reward attractive.
Is Spdr S&p 500 Ucits 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 S&p 500 Ucits Etf ETF to perform well in the short-term.
Current score: 4.289 Buy Candidate Unchanged
Predicted Opening Price for Spdr S&p 500 Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 13.63€ ( 0.0955%) | 13.61€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPPE.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.68 | 0.470% |
| R2 | 13.66 | 0.327% |
| R1 | 13.65 | 0.239% |
| Price | 13.61 | |
| S1 | 13.61 | -0.0476% |
| S2 | 13.59 | -0.136% |
| S3 | 13.58 | -0.279% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 13.61 | |
| S1 | 13.16 | -3.33% |
| S2 | 12.50 | -8.18% |
| S3 | 12.39 | -8.99% |
FAQ
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