Spdr dow Jones Global Real Estate Ucits ETF Forecast
Spdr dow Jones Global Real Estate Ucits ETF price up 0.451% on Friday
(Updated on Jun 28, 2024)
The Spdr dow Jones Global Real Estate Ucits ETF price gained 0.451% on the last trading day (Friday, 28th Jun 2024), rising from 16.87€ to 16.95€. 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 0.579% from a day low at 16.93€ to a day high of 17.03€. The price has risen in 7 of the last 10 days and is up by 0.13% over the past 2 weeks. Volume fell on the last day by -757 shares and in total, 241 shares were bought and sold for approximately 4.08€ 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Spdr dow Jones Global Real Estate Ucits ETF with a 90% probability to be traded between 16.59€ and 17.43€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SPY2.F Signals & Forecast
The Spdr dow Jones Global Real Estate Ucits 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 16.91€ and 16.80€. A breakdown below any of these levels will issue sell signals. 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 Monday, June 24, 2024, and so far it has fallen -0.773%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Tuesday, June 11, 2024 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 Tuesday, June 11, 2024 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.
A sell signal from a double top formation was found on Monday, June 24, 2024 and based on theory for this formation the price should fall by -5.58% to 16.00€ within 27 trading days since signal was issued (Wednesday, July 31, 2024).
Support, Risk & Stop-loss for Spdr dow Jones Global Real Estate Ucits ETF
Spdr dow Jones Global Real Estate Ucits finds support from accumulated volume at 16.94€ 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 0.0980€ between high and low, or 0.579%. For the last week the ETF has had daily average volatility of 0.87%
Our recommended stop-loss: 16.37€ (-3.41%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (SPY2.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Spdr dow Jones Global Real Estate Ucits Etf to open at 16.97€, and during the day (based on 14 day Average True Range), to move between 16.80€ and 17.09€, which gives a possible trading interval of +/-0.148€ (+/-0.87%) up or down from last closing price. If Spdr dow Jones Global Real Estate Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 16.94€ (0.04%) than the resistance at 16.96€ (0.08%), 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 dow Jones Global Real Estate Ucits Etf ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Spdr dow Jones Global Real Estate Ucits ETF to perform well in the short-term period.
Current score: 2.483 Buy Candidate Unchanged
Predicted Opening Price for Spdr dow Jones Global Real Estate Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 16.97€ ( 0.138%) | 16.95€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPY2.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.07 | 0.716% |
| R2 | 17.03 | 0.495% |
| R1 | 17.01 | 0.359% |
| Price | 16.95 | |
| S1 | 16.93 | -0.0832% |
| S2 | 16.91 | -0.220% |
| S3 | 16.87 | -0.441% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.08 | 0.779% |
| R2 | 17.04 | 0.555% |
| R1 | 16.96 | 0.0826% |
| Price | 16.95 | |
| S1 | 16.94 | -0.0354% |
| S2 | 16.78 | -0.98% |
| S3 | 16.75 | -1.16% |
FAQ
Click here for our free guide on how to buy Spdr dow Jones Global Real Estate Ucits Etf ETF.
