SPDR Blackstone Senior Loan ETF Forecast
SPDR Blackstone Senior Loan ETF price ended at $42.04 on Wednesday, after gaining 0.238%.
(Updated on Mar 27, 2024)
The SPDR Blackstone Senior Loan ETF price gained 0.238% on the last trading day (Wednesday, 27th Mar 2024), rising from $41.94 to $42.04. During the last trading day the ETF fluctuated 0.179% from a day low at $41.97 to a day high of $42.04. The price has risen in 6 of the last 10 days and is up by 0.17% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 2 million shares were bought and sold for approximately $87.78 million. 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 ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $42.06 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect SPDR Blackstone Senior Loan ETF with a 90% probability to be traded between $41.73 and $42.12 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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SRLN Signals & Forecast
The SPDR Blackstone Senior Loan 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 $41.99 and $41.90. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. 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 Wednesday, March 20, 2024, and so far it has fallen -0.0476%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Monday, December 11, 2023 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 Monday, December 11, 2023 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.
Support, Risk & Stop-loss for SPDR Blackstone Senior Loan ETF
SPDR Blackstone Senior Loan finds support from accumulated volume at $41.99 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 $0.0750 between high and low, or 0.179%. For the last week the ETF has had daily average volatility of 0.236%.
Our recommended stop-loss: $39.74 (-5.47%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (SRLN) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect SPDR Blackstone Senior Loan ETF to open at $42.02, and during the day (based on 14 day Average True Range), to move between $41.96 and $42.12, which gives a possible trading interval of +/-$0.0769 (+/-0.18%) up or down from last closing price. If SPDR Blackstone Senior Loan ETF takes out the full calculated possible swing range there will be an estimated 0.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $42.06 (0.05%) than the support at $41.99 (0.12%), 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 Blackstone Senior Loan 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 Blackstone Senior Loan ETF to perform well in the short-term period.
Current score: 2.222 Buy Candidate Unchanged
Predicted Opening Price for SPDR Blackstone Senior Loan ETF of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$42.02 ( 0.0595%) | $42.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRLN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 42.09 | 0.119 % | |
R2 | 42.06 | 0.0508 % | ||
R1 | 42.04 | 0.0087 % | ||
Current price: | 42.04 | |||
Support | S1 | 41.99 | -0.128 % | |
S2 | 41.97 | -0.170 % | ||
S3 | 41.94 | -0.238 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 42.06 | 0.0476 % | ||
Current price | 42.04 | |||
Support | S1 | 41.99 | -0.119% | |
S2 | 41.94 | -0.238% | ||
S3 | 41.92 | -0.285% |
SRLN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 05, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.294 | 0.703% |
2 | Jan 05, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.320 | 0.767% |
3 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.330 | 0.792% |
4 | Dec 01, 2023 | Dec 01, 2023 | Dec 01, 2023 | $0.320 | 0.771% |
5 | Jan 18, 2023 | Nov 01, 2023 | Nov 07, 2023 | $0.320 | 0.769% |
FAQ
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