Sp Funds Trust Sp Funds S&p Glo Trust Forecast
Sp Funds Trust Sp Funds S&p Glo trust price up 0.185% on Thursday
(Updated on Jun 27, 2024)
The Sp Funds Trust Sp Funds S&p Glo trust price gained 0.185% on the last trading day (Thursday, 27th Jun 2024), rising from $27.03 to $27.08. During the last trading day the trust fluctuated 0.89% from a day low at $27.06 to a day high of $27.30. The price has been going up and down for this period, and there has been a -0.39% loss for the last 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 6 thousand shares were bought and sold for approximately $158.66 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 trust 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 $26.77 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 trust is expected to rise 9.20% during the next 3 months and, with a 90% probability hold a price between $29.23 and $31.17 at the end of this 3-month period.
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SPTE Signals & Forecast
The Sp Funds Trust Sp Funds S&p Glo trust holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the trust giving a positive forecast for the stock. On further gains, the trust will meet resistance from the short-term Moving Average at approximately $27.20. On a fall, the trust will find some support from the long-term average at approximately $26.45. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -3.01%. Further fall is indicated until a new bottom pivot has been found. 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 Sp Funds Trust Sp Funds S&p Glo trust
Sp Funds Trust Sp Funds S&p Glo finds support from accumulated volume at $26.67 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This trust has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the trust moved $0.240 between high and low, or 0.89%. For the last week the trust has had daily average volatility of 1.26%.
Our recommended stop-loss: $26.16 (-3.40%) (This trust has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (SPTE) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Sp Funds Trust Sp Funds S&p Glo to open at $27.15, and during the day (based on 14 day Average True Range), to move between $26.60 and $27.56, which gives a possible trading interval of +/-$0.483 (+/-1.78%) up or down from last closing price. If Sp Funds Trust Sp Funds S&p Glo takes out the full calculated possible swing range there will be an estimated 3.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.19 (0.40%) than the support at $26.67 (1.51%), 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 Sp Funds Trust Sp Funds S&p Glo trust A Buy?
Sp Funds Trust Sp Funds S&p Glo 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: 0.912 Hold/Accumulate Unchanged
Predicted Opening Price for Sp Funds Trust Sp Funds S&p Glo of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $27.15 ( 0.246%) | $27.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPTE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.39 | 1.13% |
| R2 | 27.29 | 0.794% |
| R1 | 27.24 | 0.585% |
| Price | 27.08 | |
| S1 | 27.05 | -0.0924% |
| S2 | 27.00 | -0.302% |
| S3 | 26.91 | -0.640% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.92 | 3.10% |
| R2 | 27.42 | 1.26% |
| R1 | 27.19 | 0.395% |
| Price | 27.08 | |
| S1 | 26.67 | -1.51% |
| S2 | 25.56 | -5.61% |
| S3 | 25.38 | -6.28% |
SPTE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 19, 2024 | Apr 25, 2024 | Apr 30, 2024 | $0.0050 | 0.0215% |
| 2 | Jan 19, 2024 | Mar 26, 2024 | Mar 28, 2024 | $0.0050 | 0.0204% |
| 3 | Jan 19, 2024 | Feb 26, 2024 | Feb 29, 2024 | $0.0050 | 0.0208% |
| 4 | Jan 19, 2024 | Jan 26, 2024 | Jan 31, 2024 | $0.0050 | 0.0225% |
FAQ
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