Spdr S&p U.s. Industrials Select Sector ETF Forecast
Spdr S&p U.s. Industrials Select Sector ETF price ended at $51.72 on Wednesday, after losing 0.589%.
(Updated on Jun 19, 2024)
The Spdr S&p U.s. Industrials Select Sector ETF price fell by -0.589% on the last day (Wednesday, 19th Jun 2024) from $52.02 to $51.72. During the last trading day the ETF fluctuated 0% from a day low at $51.72 to a day high of $51.72. The price has risen in 6 of the last 10 days and is up by 0.56% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -16 thousand shares and in total, 0 shares were bought and sold for approximately $0 .
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Spdr S&p U.s. Industrials Select Sector ETF with a 90% probability to be traded between $49.79 and $52.23 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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SXLI.L 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 S&p U.s. Industrials Select Sector ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $52.35. On a fall, the ETF will find some support from the short-term average at $51.69. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.589%. 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 very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Spdr S&p U.s. Industrials Select Sector ETF
Spdr S&p U.s. Industrials Select Sector finds support from accumulated volume at $51.62 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 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.95%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SXLI.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Spdr S&p U.s. Industrials Select Sector Ucits Etf to open at $51.72, and during the day (based on 14 day Average True Range), to move between $51.19 and $52.24, which gives a possible trading interval of +/-$0.527 (+/-1.02%) up or down from last closing price. If Spdr S&p U.s. Industrials Select Sector Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $51.62 (0.19%) than the resistance at $52.84 (2.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Spdr S&p U.s. Industrials Select Sector Ucits Etf ETF A Buy?
Spdr S&p U.s. Industrials Select Sector 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 ETF.
Current score: -2.354 Sell Candidate Unchanged
Predicted Opening Price for Spdr S&p U.s. Industrials Select Sector Ucits Etf of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $51.72 ( 0%) | $51.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SXLI.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 51.72 | - |
| R2 | 51.72 | - |
| R1 | 51.72 | - |
| Price | 51.72 | |
| S1 | 51.72 | - |
| S2 | 51.72 | - |
| S3 | 51.72 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 53.36 | 3.18% |
| R2 | 52.95 | 2.38% |
| R1 | 52.84 | 2.17% |
| Price | 51.72 | |
| S1 | 51.62 | -0.189% |
| S2 | 51.55 | -0.324% |
| S3 | 51.31 | -0.788% |
FAQ
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