Spdr S&p U.s. Communication Services ETF Forecast

Spdr S&p U.s. Communication Services ETF price up 0.370% on Wednesday
(Updated on Jun 26, 2024)

SXLC.L Signals & Forecast

The Spdr S&p U.s. Communication Services 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 $36.18 and $35.64. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 10.48%. Further rise is indicated until a new top pivot has been found. Spdr S&p U.s. Communication Services 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Spdr S&p U.s. Communication Services ETF

Spdr S&p U.s. Communication Services finds support from accumulated volume at $35.33 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 $0.190 between high and low, or 0.519%. For the last week the ETF has had daily average volatility of 0.459%.

Our recommended stop-loss: $35.24 (-3.84%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 57 days ago.)

Trading Expectations (SXLC.L) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Spdr S&p U.s. Communication Services Select Sector Ucits Etf to open at $36.66, and during the day (based on 14 day Average True Range), to move between $36.23 and $37.07, which gives a possible trading interval of +/-$0.421 (+/-1.15%) up or down from last closing price. If Spdr S&p U.s. Communication Services Select Sector Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.30% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $35.33, some $1.32 (3.60%) from the current price of $36.65, our system finds the risk reward attractive.

Is Spdr S&p U.s. Communication Services Select Sector Ucits Etf ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Spdr S&p U.s. Communication Services ETF to perform well in the short-term.

Current score: 4.027 Buy Candidate Unchanged

Predicted Opening Price for Spdr S&p U.s. Communication Services Select Sector Ucits Etf of Thursday, June 27, 2024

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