Spdr Bloomberg Euro Corporate Bond Ucits ETF Forecast
Green day on Thursday for Spdr Bloomberg Euro Corporate Bond Ucits
(Updated on Jun 27, 2024)
The Spdr Bloomberg Euro Corporate Bond Ucits ETF price gained 0.0531% on the last trading day (Thursday, 27th Jun 2024), rising from 52.72€ to 52.75€. During the last trading day the ETF fluctuated 0.209% from a day low at 52.69€ to a day high of 52.80€. The price has been going up and down for this period, and there has been a 0.12% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 604 more shares were traded than the day before. In total, 846 shares were bought and sold for approximately 44.63€ thousand.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 52.82€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Spdr Bloomberg Euro Corporate Bond Ucits ETF with a 90% probability to be traded between 52.40€ and 52.97€ 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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SYBC.F Signals & Forecast
The Spdr Bloomberg Euro Corporate Bond Ucits ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 52.76€. On a fall, the ETF will find some support from the long-term average at approximately 52.58€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Spdr Bloomberg Euro Corporate Bond Ucits 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -0.114%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Tuesday, June 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, May 06, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Tuesday, June 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, May 06, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Tuesday, June 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, May 06, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for Spdr Bloomberg Euro Corporate Bond Ucits ETF
Spdr Bloomberg Euro Corporate Bond Ucits finds support from accumulated volume at 52.75€ 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 0.110€ between high and low, or 0.209%. For the last week the ETF has had daily average volatility of 0.274%.
Our recommended stop-loss: 50.80€ (-3.70%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (SYBC.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Spdr Bloomberg Euro Corporate Bond Ucits Etf to open at 52.75€, and during the day (based on 14 day Average True Range), to move between 52.59€ and 52.92€, which gives a possible trading interval of +/-0.167€ (+/-0.32%) up or down from last closing price. If Spdr Bloomberg Euro Corporate Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 52.75€ (0.00%) than the resistance at 52.77€ (0.04%), 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 Bloomberg Euro Corporate Bond Ucits Etf ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Spdr Bloomberg Euro Corporate Bond Ucits ETF to perform well in the short-term period.
Current score: 1.442 Buy Candidate Unchanged
Predicted Opening Price for Spdr Bloomberg Euro Corporate Bond Ucits Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 52.75€ ( 0.0088%) | 52.75€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SYBC.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 52.86 | 0.200% |
| R2 | 52.82 | 0.120% |
| R1 | 52.79 | 0.0708% |
| Price | 52.75 | |
| S1 | 52.71 | -0.0885% |
| S2 | 52.68 | -0.138% |
| S3 | 52.64 | -0.217% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 52.81 | 0.114% |
| R2 | 52.80 | 0.0872% |
| R1 | 52.77 | 0.0417% |
| Price | 52.75 | |
| S1 | 52.75 | -0.0038% |
| S2 | 52.49 | -0.497% |
| S3 | 52.29 | -0.88% |
SYBC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Feb 01, 2024 | Feb 15, 2024 | 0.80€ | 0% |
| 2 | Aug 01, 2023 | Aug 01, 2023 | Aug 15, 2023 | 0.651€ | 0% |
| 3 | Feb 01, 2023 | Feb 01, 2023 | Feb 15, 2023 | 0.485€ | 0% |
| 4 | Aug 02, 2022 | Aug 02, 2022 | Aug 16, 2022 | 0.267€ | 0% |
| 5 | Feb 01, 2022 | Feb 01, 2022 | Feb 15, 2022 | 0.220€ | 0% |
FAQ
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