SPDR(R) BLOOMBERG BARCLAYS SHORT TERM Stock Forecast
Evaluation of SPDR(R) BLOOMBERG BARCLAYS SHORT TERM stock downgraded after the last trading session.
(Updated on Apr 25, 2024)
The SPDR(R) BLOOMBERG BARCLAYS SHORT TERM stock price fell by -0.373% on the last day (Thursday, 25th Apr 2024) from £1,340.00 to £1,335.00. During the last trading day the stock fluctuated 1.13% from a day low at £1,330.00 to a day high of £1,345.00. The price has risen in 4 of the last 10 days and is up by 0.38% over the past 2 weeks. Volume has increased on the last day by 1 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, 13 thousand shares were bought and sold for approximately £17.19 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect SPDR(R) BLOOMBERG BARCLAYS SHORT TERM stock with a 90% probability to be traded between £1,252.13 and £1,330.96 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SST.L Signals & Forecast
The SPDR(R) BLOOMBERG BARCLAYS SHORT TERM stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £1,339.29. On a fall, the stock will find some support from the long-term average at approximately £1,315.64. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -1.11%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Wednesday, April 10, 2024 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 stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, April 10, 2024 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 stock in question.
A sell signal from a double top formation was found on Friday, March 01, 2024 with a target of £1,345.56. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for SPDR(R) BLOOMBERG BARCLAYS SHORT TERM stock
SPDR(R) BLOOMBERG BARCLAYS SHORT TERM finds support from accumulated volume at £1,330.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £15.00 between high and low, or 1.13%. For the last week the stock has had daily average volatility of 1.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SST.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect SPDR(R) BLOOMBERG BARCLAYS SHORT TERM TREASURY ETF to open at £1,336.67, and during the day (based on 14 day Average True Range), to move between £1,306.99 and £1,363.01, which gives a possible trading interval of +/-£28.01 (+/-2.10%) up or down from last closing price. If SPDR(R) BLOOMBERG BARCLAYS SHORT TERM TREASURY ETF takes out the full calculated possible swing range there will be an estimated 4.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1,340.00 (0.37%) than the support at £1,330.00 (0.37%), 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(R) BLOOMBERG BARCLAYS SHORT TERM TREASURY ETF stock A Buy?
SPDR(R) BLOOMBERG BARCLAYS SHORT TERM 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 stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.487 Sell Candidate Downgraded
Predicted Opening Price for SPDR(R) BLOOMBERG BARCLAYS SHORT TERM TREASURY ETF of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £1,336.67 ( 0.125%) | £1,335.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SST.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,351.67 | 1.25 % | |
| R2 | 1,345.94 | 0.82 % | ||
| R1 | 1,342.40 | 0.554 % | ||
| Current price: | 1,335.00 | |||
| Support | S1 | 1,330.94 | -0.304 % | |
| S2 | 1,327.40 | -0.570 % | ||
| S3 | 1,321.67 | -1.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,365.00 | 2.25 % | |
| R2 | 1,350.00 | 1.12 % | ||
| R1 | 1,340.00 | 0.375 % | ||
| Current price | 1,335.00 | |||
| Support | S1 | 1,330.00 | -0.375% | |
| S2 | 1,295.00 | -3.00% | ||
| S3 | 1,280.00 | -4.12% |
SST Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | £0.130 | 0.0105% |
| 2 | Oct 28, 2022 | Dec 01, 2022 | Jan 13, 2023 | £1.00 | 0.0837% |
| 3 | Oct 21, 2021 | Dec 02, 2021 | Jan 14, 2022 | £11.50 | 1.00% |
| 4 | Nov 02, 2020 | Dec 03, 2020 | Jan 15, 2021 | £11.50 | 0.0118% |
| 5 | Oct 15, 2019 | Dec 05, 2019 | Jan 17, 2020 | £11.50 | 1.13% |
FAQ
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