SPDR Bloomberg Barclays 1-10 Year TIPS ETF Forecast
SPDR Bloomberg Barclays 1-10 Year TIPS ETF downgraded to Sell Candidate
(Updated on Jun 14, 2024)
No changes to the price of SPDR Bloomberg Barclays 1-10 Year TIPS ETF on the last trading day (Friday, 14th Jun 2024). During the last trading day the ETF fluctuated 0.109% from a day low at $18.42 to a day high of $18.44. The price has risen in 5 of the last 10 days but is still down by -0.22% for this period.
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 $18.45 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect SPDR Bloomberg Barclays 1-10 Year TIPS ETF with a 90% probability to be traded between $18.05 and $18.31 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TIPX Signals & Forecast
The SPDR Bloomberg Barclays 1-10 Year TIPS ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $18.39 and $18.40. A breakdown below any of these levels will issue sell signals. 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, May 31, 2024, and so far it has fallen -0.217%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
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 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 $0.0200 between high and low, or 0.109%. For the last week the ETF has had daily average volatility of 0.226%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TIPX) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect SPDR Bloomberg Barclays 1-10 Year TIPS ETF to open at $18.43, 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 +/-$0.0537 (+/-0.29%) 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 0.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.45 (0.11%) than the support at $18.38 (0.27%), 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 Barclays 1-10 Year TIPS ETF ETF A Buy?
SPDR Bloomberg Barclays 1-10 Year TIPS holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.782 Sell Candidate Downgraded
Predicted Opening Price for SPDR Bloomberg Barclays 1-10 Year TIPS ETF of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $18.43 ( 0%) | $18.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TIPX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.45 | 0.109% |
| R2 | 18.44 | 0.0671% |
| R1 | 18.44 | 0.0415% |
| Price | 18.43 | |
| S1 | 18.42 | -0.0415% |
| S2 | 18.42 | -0.0671% |
| S3 | 18.41 | -0.109% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.64 | 1.14% |
| R2 | 18.48 | 0.271% |
| R1 | 18.45 | 0.109% |
| Price | 18.43 | |
| S1 | 18.38 | -0.271% |
| S2 | 18.36 | -0.380% |
| S3 | 18.35 | -0.434% |
TIPX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 07, 2024 | $0.115 | 0.627% |
| 2 | Jan 02, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.110 | 0.594% |
| 3 | Dec 01, 2023 | Dec 01, 2023 | Dec 01, 2023 | $0.0610 | 0.333% |
| 4 | Jan 17, 2023 | Nov 01, 2023 | Nov 07, 2023 | $0.0770 | 0.424% |
| 5 | Jan 17, 2023 | Oct 02, 2023 | Oct 06, 2023 | $0.0350 | 0.195% |
FAQ
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