Spdr Bloomberg Euro Corporate Bond Ucits ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Spdr Bloomberg Euro Corporate Bond Ucits ETF downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Spdr Bloomberg Euro Corporate Bond Ucits ETF price gained 0.0227% on the last trading day (Friday, 28th Jun 2024), rising from 52.75€ to 52.76€. During the last trading day the ETF fluctuated 0.292% from a day low at 52.70€ to a day high of 52.86€. The price has been going up and down for this period, and there has been a 0.03% 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, 3 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately 193.80€ 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 52.84€ 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 52.47€ and 53.02€ 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 52.77€. On a fall, the ETF will find some support from the long-term average at approximately 52.59€. 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. 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. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -0.0909%. 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 0.154€ between high and low, or 0.292%. For the last week the ETF has had daily average volatility of 0.294%.
Our recommended stop-loss: 50.89€ (-3.55%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (SYBC.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Spdr Bloomberg Euro Corporate Bond Ucits Etf to open at 52.78€, and during the day (based on 14 day Average True Range), to move between 52.60€ and 52.93€, which gives a possible trading interval of +/-0.166€ (+/-0.31%) 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 resistance from accumulated volume at 52.77€ (0.02%) than the support at 52.75€ (0.03%), 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 Bloomberg Euro Corporate Bond Ucits Etf ETF A Buy?
Spdr Bloomberg Euro Corporate Bond Ucits 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.900 Hold/Accumulate Downgraded
Predicted Opening Price for Spdr Bloomberg Euro Corporate Bond Ucits Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
52.78€ ( 0.0215%) | 52.76€ |
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 | 52.93 | 0.313% |
R2 | 52.87 | 0.202% |
R1 | 52.83 | 0.133% |
Price | 52.76 | |
S1 | 52.72 | -0.0900% |
S2 | 52.68 | -0.159% |
S3 | 52.62 | -0.270% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 52.81 | 0.0910% |
R2 | 52.80 | 0.0644% |
R1 | 52.77 | 0.0190% |
Price | 52.76 | |
S1 | 52.75 | -0.0265% |
S2 | 52.49 | -0.519% |
S3 | 52.29 | -0.90% |
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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