SPDR Portfolio S&P 500 High Dividend ETF Forecast
Green day on Friday for SPDR Portfolio S&P 500 High Dividend ETF after gaining 0.85%
(Updated on Jun 28, 2024)
The SPDR Portfolio S&P 500 High Dividend ETF price gained 0.85% on the last trading day (Friday, 28th Jun 2024), rising from $39.89 to $40.23. During the last trading day the ETF fluctuated 0.650% from a day low at $39.99 to a day high of $40.25. The price has been going up and down for this period, and there has been a -0.05% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 450 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $41.77 million.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.64% during the next 3 months and, with a 90% probability hold a price between $40.01 and $43.01 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 1.77%. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $40.53. On a fall, the ETF will find some support from the short-term average at $40.20. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
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 $0.260 between high and low, or 0.650%. For the last week the ETF has had daily average volatility of 0.96%.
Our recommended stop-loss: $37.91 (-5.78%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (SPYD) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect SPDR Portfolio S&P 500 High Dividend ETF to open at $40.16, and during the day (based on 14 day Average True Range), to move between $39.79 and $40.67, which gives a possible trading interval of +/-$0.444 (+/-1.10%) 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 2.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $40.30 (0.17%) than the support at $40.01 (0.55%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for SPDR Portfolio S&P 500 High Dividend ETF to perform well in the short-term.
Current score: 1.533 Buy Candidate Unchanged
Predicted Opening Price for SPDR Portfolio S&P 500 High Dividend ETF of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $40.16 ( 0.182%) | $40.23 |
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 | 40.42 | 0.464% |
| R2 | 40.32 | 0.217% |
| R1 | 40.26 | 0.0646% |
| Price | 40.23 | |
| S1 | 40.06 | -0.429% |
| S2 | 40.00 | -0.582% |
| S3 | 39.90 | -0.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 40.43 | 0.497% |
| R2 | 40.34 | 0.273% |
| R1 | 40.30 | 0.174% |
| Price | 40.23 | |
| S1 | 40.01 | -0.547% |
| S2 | 39.49 | -1.84% |
| S3 | 39.37 | -2.14% |
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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