SPDR Portfolio Long Term Treasury ETF Forecast

Weaker technical forecast for SPDR Portfolio Long Term Treasury as ETF downgraded to Sell Candidate.
(Updated on May 23, 2024)

SPTL Signals & Forecast

The SPDR Portfolio Long Term Treasury ETF 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 ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $27.14. On a fall, the ETF will find some support from the long-term average at approximately $26.69. 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 Wednesday, May 15, 2024, and so far it has fallen -1.06%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.

Support, Risk & Stop-loss for SPDR Portfolio Long Term Treasury ETF

SPDR Portfolio Long Term Treasury finds support from accumulated volume at $26.74 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 $0.270 between high and low, or 1.00%. For the last week the ETF has had daily average volatility of 0.535%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SPTL) For The Upcoming Trading Day Of Friday 24th

For the upcoming trading day on Friday, 24th we expect SPDR Portfolio Long Term Treasury ETF to open at $27.03, and during the day (based on 14 day Average True Range), to move between $26.79 and $27.23, which gives a possible trading interval of +/-$0.221 (+/-0.82%) up or down from last closing price. If SPDR Portfolio Long Term Treasury ETF takes out the full calculated possible swing range there will be an estimated 1.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $26.74 (1.00%) than the resistance at $27.47 (1.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is SPDR Portfolio Long Term Treasury ETF ETF A Buy?

SPDR Portfolio Long Term Treasury holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.173 Sell Candidate Downgraded

Predicted Opening Price for SPDR Portfolio Long Term Treasury ETF of Friday, May 24, 2024

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