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

Red day on Tuesday for Spdr S&p U.s. Industrials Select Sector ETF after losing 0.628%
(Updated on Jun 25, 2024)

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 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 $51.84 and $52.39. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -0.87%. Further fall is indicated until a new bottom pivot has been found. Spdr S&p U.s. Industrials Select Sector gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

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 $0.83 between high and low, or 1.60%. For the last week the ETF has had daily average volatility of 0.572%.

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 Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Spdr S&p U.s. Industrials Select Sector Ucits Etf to open at $52.09, and during the day (based on 14 day Average True Range), to move between $51.32 and $52.31, which gives a possible trading interval of +/-$0.497 (+/-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 1.92% 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 (0.13%) than the resistance at $52.84 (1.98%), 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 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: -1.480 Sell Candidate Unchanged

Predicted Opening Price for Spdr S&p U.s. Industrials Select Sector Ucits Etf of Wednesday, June 26, 2024

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