Spdr S&p Euro Dividend Aristocrats Ucits ETF Forecast

Spdr S&p Euro Dividend Aristocrats Ucits ETF price down 0.669% on Tuesday
(Updated on Jun 25, 2024)

SPYW.F Signals & Forecast

There are mixed signals in the ETF today. The Spdr S&p Euro Dividend Aristocrats Ucits 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 24.80€. On a fall, the ETF will find some support from the short-term average at 24.43€. 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. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -2.60%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The ETF had a Golden Star Signal on Friday, April 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, July 12, 2023.

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 S&p Euro Dividend Aristocrats Ucits ETF

Spdr S&p Euro Dividend Aristocrats Ucits finds support from accumulated volume at 23.75€ 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 0.195€ between high and low, or 0.796%. For the last week the ETF has had daily average volatility of 0.795%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SPYW.F) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Spdr S&p Euro Dividend Aristocrats Ucits Etf to open at 24.57€, and during the day (based on 14 day Average True Range), to move between 24.27€ and 24.74€, which gives a possible trading interval of +/-0.238€ (+/-0.97%) up or down from last closing price. If Spdr S&p Euro Dividend Aristocrats Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 24.95€ (1.82%) than the support at 23.75€ (3.08%), 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 S&p Euro Dividend Aristocrats Ucits Etf ETF A Buy?

Spdr S&p Euro Dividend Aristocrats Ucits holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -3.080 Sell Candidate Unchanged

Predicted Opening Price for Spdr S&p Euro Dividend Aristocrats Ucits Etf of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.