Spdr S&p U.s. Industrials Select Sector ETF Forecast

$51.86
+0.495 (+0.96%)
At Close: Jul 03, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Spdr S&p U.s. Industrials Select Sector ETF upgraded to Hold/Accumulate.
(Updated on Jul 03, 2024)

Hold candidate since Jul 03, 2024 PDF

The Spdr S&p U.s. Industrials Select Sector ETF price gained 0.96% on the last trading day (Wednesday, 3rd Jul 2024), rising from $51.36 to $51.86. During the last trading day the ETF fluctuated 0.509% from a day low at $51.60 to a day high of $51.86. The price has risen in 5 of the last 10 days but is still down by -0.32% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately $543.93 thousand.

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 $49.95 and $52.40 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). Spdr S&p U.s. Industrials Select Sector 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. 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 $52.17. On a fall, the ETF will find some support from the short-term average at $51.73. 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 Friday, June 28, 2024, and so far it has fallen -0.83%. Further fall is indicated until a new bottom pivot has been found.

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 $51.75 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 $0.262 between high and low, or 0.509%. For the last week the ETF has had daily average volatility of 0.705%.

Our recommended stop-loss: $49.67 (-4.21%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (SXLI.L) For The Upcoming Trading Day Of Thursday 4th

For the upcoming trading day on Thursday, 4th we expect Spdr S&p U.s. Industrials Select Sector Ucits Etf to open at $51.77, and during the day (based on 14 day Average True Range), to move between $51.36 and $52.35, which gives a possible trading interval of +/-$0.496 (+/-0.96%) 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 1.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $51.75 (0.21%) than the resistance at $52.84 (1.89%), 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 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.998 Hold/Accumulate Upgraded

Predicted Opening Price for Spdr S&p U.s. Industrials Select Sector Ucits Etf of Thursday, July 4, 2024

Fair opening price July 4, 2024 Current price
$51.77 ( 0.162%) $51.86

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 52.04 0.344%
R2 51.94 0.151%
R1 51.87 0.0311%
Price 51.86
S1 51.67 -0.356%
S2 51.61 -0.475%
S3 51.51 -0.668%

Accumulated Volume Support & Resistance Levels

Level Price
R3 53.36 2.90%
R2 53.22 2.63%
R1 52.84 1.89%
Price 51.86
S1 51.75 -0.207%
S2 51.62 -0.458%
S3 51.31 -1.06%

FAQ

What is the symbol for Spdr S&p U.s. Industrials Select Sector Ucits Etf ETF and on which exchange is it traded?
The symbol for Spdr S&p U.s. Industrials Select Sector Ucits Etf is SXLI.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Spdr S&p U.s. Industrials Select Sector Ucits Etf ETF?
Spdr S&p U.s. Industrials Select Sector 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Spdr S&p U.s. Industrials Select Sector Ucits Etf ETF?
Spdr S&p U.s. Industrials Select Sector Ucits Etf ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Spdr S&p U.s. Industrials Select Sector Ucits Etf ETF.

What's the current price of Spdr S&p U.s. Industrials Select Sector Ucits Etf ETF?
As of the end of day on the Jul 03, 2024, the price of an Spdr S&p U.s. Industrials Select Sector Ucits Etf (SXLI.L) share was $51.86.

What is the 52-week high and low for Spdr S&p U.s. Industrials Select Sector Ucits Etf ETF?
The 52-week high for Spdr S&p U.s. Industrials Select Sector Ucits Etf ETF is $53.72 and the 52-week low is $40.83.

What is the market capitalization of Spdr S&p U.s. Industrials Select Sector Ucits Etf ETF?
As of the Jul 03, 2024, the market capitalization of Spdr S&p U.s. Industrials Select Sector Ucits Etf is 275.292M.
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