SPDR DoubleLine Short Duration Total ETF Forecast

SPDR DoubleLine Short Duration Total ETF price ended at $46.52 on Wednesday, after losing 0.321%.
(Updated on May 01, 2024)

STOT Signals & Forecast

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. The SPDR DoubleLine Short Duration Total ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $46.67 and $46.80. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -1.04%. Further fall is indicated until a new bottom pivot has been found. 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 Wednesday, November 15, 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 DoubleLine Short Duration Total ETF

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

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 $0.0596 between high and low, or 0.128%. For the last week the ETF has had daily average volatility of 0.0861%

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

Trading Expectations (STOT) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect SPDR DoubleLine Short Duration Total Return Tactical ETF to open at $46.51, and during the day (based on 14 day Average True Range), to move between $46.45 and $46.59, which gives a possible trading interval of +/-$0.0726 (+/-0.16%) up or down from last closing price. If SPDR DoubleLine Short Duration Total Return Tactical ETF takes out the full calculated possible swing range there will be an estimated 0.31% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $46.66, some $0.135 (0.29%) from the current price of $46.52, our system finds the risk reward not very attractive.

Is SPDR DoubleLine Short Duration Total Return Tactical ETF ETF A Buy?

SPDR DoubleLine Short Duration Total holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.

Current score: -2.529 Sell Candidate Unchanged

Predicted Opening Price for SPDR DoubleLine Short Duration Total Return Tactical ETF of Thursday, May 2, 2024

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