SPDR Bloomberg Barclays 1-10 Year TIPS ETF Forecast

Stronger technical forecast for SPDR Bloomberg Barclays 1-10 Year TIPS ETF price after Friday trading.
(Updated on May 24, 2024)

TIPX Signals & Forecast

The SPDR Bloomberg Barclays 1-10 Year TIPS 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 $18.44. On a fall, the ETF will find some support from the long-term average at approximately $18.39. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, May 15, 2024, and so far it has fallen -0.217%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for SPDR Bloomberg Barclays 1-10 Year TIPS ETF

SPDR Bloomberg Barclays 1-10 Year TIPS finds support from accumulated volume at $18.38 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 $0.0278 between high and low, or 0.151%. For the last week the ETF has had daily average volatility of 0.184%.

Our recommended stop-loss: $17.73 (-3.79%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (TIPX) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect SPDR Bloomberg Barclays 1-10 Year TIPS ETF to open at $18.42, and during the day (based on 14 day Average True Range), to move between $18.38 and $18.48, which gives a possible trading interval of +/-$0.0453 (+/-0.25%) up or down from last closing price. If SPDR Bloomberg Barclays 1-10 Year TIPS ETF takes out the full calculated possible swing range there will be an estimated 0.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $18.38 (0.27%) than the resistance at $18.59 (0.87%), 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 Barclays 1-10 Year TIPS 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 Barclays 1-10 Year TIPS ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.132 Buy Candidate Upgraded

Predicted Opening Price for SPDR Bloomberg Barclays 1-10 Year TIPS ETF of Tuesday, May 28, 2024

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