SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF Forecast
Red day on Thursday for SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF after losing 0.384%
(Updated on Apr 25, 2024)
The SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF price fell by -0.384% on the last day (Thursday, 25th Apr 2024) from $39.09 to $38.94. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.283% from a day low at $38.85 to a day high of $38.96. The price has fallen in 6 of the last 10 days but is still up by 1.49% over the past 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 -172 thousand shares and in total, 270 thousand shares were bought and sold for approximately $10.50 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF with a 90% probability to be traded between $37.49 and $39.02 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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TOTL Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 1.49%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $39.08 and $39.51. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
SPDR DOUBLELINE TOTAL RETURN TACTICAL finds support from accumulated volume at $38.37 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 0.283%. For the last week the ETF has had daily average volatility of 0.316%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TOTL) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF to open at $38.92, and during the day (based on 14 day Average True Range), to move between $38.71 and $39.17, which gives a possible trading interval of +/-$0.226 (+/-0.58%) up or down from last closing price. If SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF takes out the full calculated possible swing range there will be an estimated 1.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $39.46 (1.34%) than the support at $38.37 (1.46%), 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 DOUBLELINE TOTAL RETURN TACTICAL ETF ETF A Buy?
SPDR DOUBLELINE TOTAL RETURN TACTICAL holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -1.230 Sell Candidate Unchanged
Predicted Opening Price for SPDR DOUBLELINE TOTAL RETURN TACTICAL ETF of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $38.92 ( 0.0600%) | $38.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TOTL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.03 | 0.222 % | |
| R2 | 38.98 | 0.114 % | ||
| R1 | 38.96 | 0.0478 % | ||
| Current price: | 38.94 | |||
| Support | S1 | 38.87 | -0.168 % | |
| S2 | 38.85 | -0.234 % | ||
| S3 | 38.81 | -0.342 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.65 | 1.82 % | |
| R2 | 39.53 | 1.52 % | ||
| R1 | 39.46 | 1.34 % | ||
| Current price | 38.94 | |||
| Support | S1 | 38.37 | -1.46% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
TOTL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 05, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.167 | 0.423% |
| 2 | Jan 05, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.171 | 0.427% |
| 3 | Jan 05, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.168 | 0.421% |
| 4 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.232 | 0.581% |
| 5 | Dec 01, 2023 | Dec 01, 2023 | Dec 01, 2023 | $0.163 | 0.416% |
FAQ
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