SPDR Portfolio S&P 500 High Dividend ETF Forecast
Weaker technical forecast for SPDR Portfolio S&P 500 High Dividend as ETF downgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The SPDR Portfolio S&P 500 High Dividend ETF price fell by -1.18% on the last day (Tuesday, 25th Jun 2024) from $40.59 to $40.11. During the last trading day the ETF fluctuated 1.37% from a day low at $40.01 to a day high of $40.56. The price has been going up and down for this period, and there has been a -0.64% loss for the last 2 weeks. Volume has increased on the last day by 9 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 949 thousand shares were bought and sold for approximately $38.08 million.
The ETF 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 $39.85 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 ETF is expected to rise 2.68% during the next 3 months and, with a 90% probability hold a price between $40.91 and $42.98 at the end of this 3-month period.
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SPYD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 1.47%. 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. The SPDR Portfolio S&P 500 High Dividend ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $40.31 and $40.56. A break-up above any of these levels will issue buy signals. 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 S&P 500 High Dividend ETF
SPDR Portfolio S&P 500 High Dividend finds support from accumulated volume at $40.01 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 $0.547 between high and low, or 1.37%. For the last week the ETF has had daily average volatility of 1.02%.
Our recommended stop-loss: $38.08 (-5.07%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (SPYD) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect SPDR Portfolio S&P 500 High Dividend ETF to open at $40.23, and during the day (based on 14 day Average True Range), to move between $39.64 and $40.58, which gives a possible trading interval of +/-$0.473 (+/-1.18%) up or down from last closing price. If SPDR Portfolio S&P 500 High Dividend ETF takes out the full calculated possible swing range there will be an estimated 2.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $40.18 (0.17%) than the support at $40.01 (0.25%), 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 SPDR Portfolio S&P 500 High Dividend ETF ETF A Buy?
SPDR Portfolio S&P 500 High Dividend holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.427 Hold/Accumulate Downgraded
Predicted Opening Price for SPDR Portfolio S&P 500 High Dividend ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $40.23 ( 0.293%) | $40.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPYD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 40.77 | 1.66% |
| R2 | 40.57 | 1.14% |
| R1 | 40.44 | 0.81% |
| Price | 40.11 | |
| S1 | 40.02 | -0.228% |
| S2 | 39.89 | -0.549% |
| S3 | 39.68 | -1.07% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 40.38 | 0.673% |
| R2 | 40.34 | 0.573% |
| R1 | 40.18 | 0.175% |
| Price | 40.11 | |
| S1 | 40.01 | -0.249% |
| S2 | 39.49 | -1.55% |
| S3 | 39.37 | -1.84% |
SPYD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2024 | Mar 15, 2024 | Mar 20, 2024 | $0.373 | 0.94% |
| 2 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.534 | 1.37% |
| 3 | Jan 17, 2023 | Sep 15, 2023 | Sep 20, 2023 | $0.441 | 1.21% |
| 4 | Jan 17, 2023 | Jun 16, 2023 | Jun 22, 2023 | $0.465 | 1.29% |
| 5 | Jan 17, 2023 | Mar 17, 2023 | Mar 22, 2023 | $0.387 | 1.08% |
FAQ
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