Spdr dow Jones Global Real Estate Ucits 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
Spdr dow Jones Global Real Estate Ucits ETF upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The Spdr dow Jones Global Real Estate Ucits ETF price gained 0.595% on the last trading day (Friday, 28th Jun 2024), rising from 29.40€ to 29.58€. During the last trading day the ETF fluctuated 0.796% from a day low at 29.53€ to a day high of 29.76€. The price has risen in 6 of the last 10 days but is still down by -0.66% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 24 thousand more shares were traded than the day before. In total, 25 thousand shares were bought and sold for approximately 729.11€ thousand.
The ETF is moving within a narrow and 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 29.06€ and 30.49€ 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.
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SPYJ.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 29.56€ and 29.51€. 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). Spdr dow Jones Global Real Estate Ucits has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Friday, June 14, 2024, and so far it has fallen -0.655%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Friday, May 31, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 11, 2024.
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
The ETF had a Golden Star Signal on Friday, May 31, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 11, 2024.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 Friday, May 31, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 11, 2024.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 buy signal from a double bottom formation was found on Wednesday, May 29, 2024 and based on theory for this formation the price should go up by 2.13% to 30.20€ within 29 trading days since signal was issued (Tuesday, July 09, 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 29.55€ 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 0.235€ between high and low, or 0.796%. For the last week the ETF has had daily average volatility of 0.89%.
Our recommended stop-loss: 28.38€ (-4.03%) (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 (SPYJ.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 29.62€, and during the day (based on 14 day Average True Range), to move between 29.32€ and 29.83€, which gives a possible trading interval of +/-0.256€ (+/-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 1.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 29.55€ (0.10%) than the resistance at 29.63€ (0.17%), 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 2.548 Buy Candidate Upgraded
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 |
|---|---|
| 29.62€ ( 0.152%) | 29.58€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPYJ.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.86 | 0.95% |
| R2 | 29.77 | 0.643% |
| R1 | 29.71 | 0.456% |
| Price | 29.58 | |
| S1 | 29.53 | -0.151% |
| S2 | 29.47 | -0.339% |
| S3 | 29.39 | -0.642% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.83 | 0.86% |
| R2 | 29.75 | 0.592% |
| R1 | 29.63 | 0.169% |
| Price | 29.58 | |
| S1 | 29.55 | -0.101% |
| S2 | 29.23 | -1.17% |
| S3 | 29.15 | -1.44% |
SPYJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 26, 2024 | 0.198€ | 0% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 27, 2023 | 0.177€ | 0% |
| 3 | Sep 18, 2023 | Sep 18, 2023 | Sep 26, 2023 | 0.212€ | 0% |
| 4 | Jun 19, 2023 | Jun 19, 2023 | Jun 27, 2023 | 0.249€ | 0% |
| 5 | Mar 20, 2023 | Mar 20, 2023 | Mar 28, 2023 | 0.186€ | 0% |
FAQ
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