SPDR Bloomberg Barclays 1-3 Year U.S. ETF Forecast

SPDR Bloomberg Barclays 1-3 Year U.S. ETF upgraded to Buy Candidate.
(Updated on Jun 19, 2024)

TRS3.L Signals & Forecast

The SPDR Bloomberg Barclays 1-3 Year U.S. ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $48.11 and $47.91. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 14, 2024, and so far it has fallen -0.0415%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, July 12, 2023.

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 Barclays 1-3 Year U.S. ETF

SPDR Bloomberg Barclays 1-3 Year U.S. finds support from accumulated volume at $48.07 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0166%

Our recommended stop-loss: $46.67 (-3.03%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (TRS3.L) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect SPDR Bloomberg Barclays 1-3 Year U.S. Treasury Bond UCITS ETF to open at $48.13, and during the day (based on 14 day Average True Range), to move between $48.08 and $48.18, which gives a possible trading interval of +/-$0.0464 (+/-0.10%) up or down from last closing price. If SPDR Bloomberg Barclays 1-3 Year U.S. Treasury Bond UCITS ETF takes out the full calculated possible swing range there will be an estimated 0.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $48.15 (0.04%) than the support at $48.07 (0.12%), 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 1-3 Year U.S. Treasury 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 Barclays 1-3 Year U.S. 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: 1.432 Buy Candidate Upgraded

Predicted Opening Price for SPDR Bloomberg Barclays 1-3 Year U.S. Treasury Bond UCITS ETF of Thursday, June 20, 2024

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