SPDR DoubleLine Short Duration Total ETF Forecast

SPDR DoubleLine Short Duration Total ETF price ended at $46.80 on Thursday, after gaining 0.0428%.
(Updated on May 16, 2024)

STOT Signals & Forecast

The SPDR DoubleLine Short Duration Total 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 $46.74 and $46.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 0.602%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). SPDR DoubleLine Short Duration Total 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. 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

SPDR DoubleLine Short Duration Total finds support from accumulated volume at $46.70 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 $0.0213 between high and low, or 0.0455%. For the last week the ETF has had daily average volatility of 0.103%.

Our recommended stop-loss: $43.53 (-6.99%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (STOT) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect SPDR DoubleLine Short Duration Total Return Tactical ETF to open at $46.80, and during the day (based on 14 day Average True Range), to move between $46.73 and $46.87, which gives a possible trading interval of +/-$0.0658 (+/-0.14%) 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 0.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $46.89 (0.19%) than the support at $46.70 (0.22%), 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 DoubleLine Short Duration Total Return Tactical ETF ETF A Buy?

SPDR DoubleLine Short Duration Total holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.457 Hold/Accumulate Unchanged

Predicted Opening Price for SPDR DoubleLine Short Duration Total Return Tactical ETF of Friday, May 17, 2024

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