SPDR Portfolio Short Term Treasury 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 Thursday for SPDR Portfolio Short Term Treasury
(Updated on Jun 06, 2024)
The SPDR Portfolio Short Term Treasury ETF price gained 0.0347% on the last trading day (Thursday, 6th Jun 2024), rising from $28.79 to $28.80. 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 0.0691% from a day low at $28.79 to a day high of $28.81. The price has risen in 5 of the last 10 days and is up by 0.03% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 551 thousand shares were bought and sold for approximately $15.88 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.
The ETF has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $28.79 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the ETF is predicted to reach $28.98 sometime during the next 3 months.
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SPTS Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -0.0694%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The SPDR Portfolio Short Term Treasury 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 $28.78 and $28.76. A breakdown below any of these levels will issue sell signals. 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. The ETF had a Golden Star Signal on Monday, November 13, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Monday, November 13, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for SPDR Portfolio Short Term Treasury ETF
SPDR Portfolio Short Term Treasury finds support from accumulated volume at $28.79 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 $0.0199 between high and low, or 0.0691%. For the last week the ETF has had daily average volatility of 0.104%.
Our recommended stop-loss: $27.47 (-4.62%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (SPTS) For The Upcoming Trading Day Of Friday 7th
For the upcoming trading day on Friday, 7th we expect SPDR Portfolio Short Term Treasury ETF to open at $28.80, and during the day (based on 14 day Average True Range), to move between $28.76 and $28.84, which gives a possible trading interval of +/-$0.0377 (+/-0.13%) up or down from last closing price. If SPDR Portfolio Short Term Treasury ETF takes out the full calculated possible swing range there will be an estimated 0.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $28.79 (0.03%) than the resistance at $28.90 (0.35%), 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 Short Term Treasury ETF ETF A Buy?
SPDR Portfolio Short Term Treasury 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: 0.878 Hold/Accumulate Unchanged
Predicted Opening Price for SPDR Portfolio Short Term Treasury ETF of Friday, June 7, 2024
| Fair opening price June 7, 2024 | Current price |
|---|---|
| $28.80 ( 0.0001%) | $28.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPTS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.82 | 0.0692% |
| R2 | 28.81 | 0.0428% |
| R1 | 28.81 | 0.0265% |
| Price | 28.80 | |
| S1 | 28.79 | -0.0263% |
| S2 | 28.79 | -0.0426% |
| S3 | 28.78 | -0.0690% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.95 | 0.521% |
| R2 | 28.92 | 0.417% |
| R1 | 28.90 | 0.347% |
| Price | 28.80 | |
| S1 | 28.79 | -0.0347% |
| S2 | 28.78 | -0.0694% |
| S3 | 28.74 | -0.208% |
SPTS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 07, 2024 | $0.102 | 0.356% |
| 2 | Jan 05, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.104 | 0.363% |
| 3 | Jan 05, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.0995 | 0.344% |
| 4 | Jan 05, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.103 | 0.354% |
| 5 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.107 | 0.370% |
FAQ
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