Spdr s&p u.s. Consumer Staples Select ETF Forecast
Spdr s&p u.s. Consumer Staples Select ETF price ended at $39.08 on Wednesday, after losing 0.576%.
(Updated on Jun 19, 2024)
The Spdr s&p u.s. Consumer Staples Select ETF price fell by -0.576% on the last day (Wednesday, 19th Jun 2024) from $39.31 to $39.08. During the last trading day the ETF fluctuated 0% from a day low at $39.08 to a day high of $39.08. The price has been going up and down for this period, and there has been a -0.48% loss for the last 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 -15 thousand shares and in total, 0 shares were bought and sold for approximately $0 .
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 4.31% during the next 3 months and, with a 90% probability hold a price between $39.77 and $42.04 at the end of this 3-month period.
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SXLP.L Signals & Forecast
The Spdr s&p u.s. Consumer Staples Select 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 $39.01 and $38.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 0.85%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. Consumer Staples Select ETF
Spdr s&p u.s. Consumer Staples Select finds support from accumulated volume at $38.27 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 0.555%
Our recommended stop-loss: $36.83 (-5.77%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (SXLP.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Spdr s&p u.s. Consumer Staples Select Sector Ucits Etf to open at $39.08, and during the day (based on 14 day Average True Range), to move between $38.76 and $39.40, which gives a possible trading interval of +/-$0.318 (+/-0.81%) up or down from last closing price. If Spdr s&p u.s. Consumer Staples Select Sector Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $39.24 (0.41%) than the support at $38.27 (2.07%), 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 s&p u.s. Consumer Staples 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. Consumer Staples Select ETF to perform well in the short-term.
Current score: 3.786 Buy Candidate Unchanged
Predicted Opening Price for Spdr s&p u.s. Consumer Staples Select Sector Ucits Etf of Thursday, June 20, 2024
Fair opening price June 20, 2024 | Current price |
---|---|
$39.08 ( 0%) | $39.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SXLP.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 39.08 | - |
R2 | 39.08 | - |
R1 | 39.08 | - |
Price | 39.08 | |
S1 | 39.08 | - |
S2 | 39.08 | - |
S3 | 39.08 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 39.69 | 1.56% |
R2 | 39.51 | 1.10% |
R1 | 39.24 | 0.413% |
Price | 39.08 | |
S1 | 38.27 | -2.07% |
S2 | 38.26 | -2.10% |
S3 | 38.15 | -2.38% |
FAQ
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