SSgA SPDR s Europe I Public Ltd Co - ETF Forecast

SSgA SPDR s Europe I Public Ltd Co - ETF price ended at £72.89 on Friday, after losing 0.178%.
(Updated on May 17, 2024)

UDVD.L Signals & Forecast

The SSgA SPDR s Europe I Public Ltd Co - 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 £72.55 and £71.06. 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 Thursday, May 16, 2024, and so far it has fallen -0.178%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The ETF had a Golden Star Signal on Friday, May 03, 2024 in the short-term chart.

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 SSgA SPDR s Europe I Public Ltd Co - ETF

SSgA SPDR s Europe I Public Ltd Co - finds support from accumulated volume at £72.50 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 £0.390 between high and low, or 0.536%. For the last week the ETF has had daily average volatility of 0.648%

Our recommended stop-loss: £70.36 (-3.47%) (This ETF has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (UDVD.L) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect SSgA SPDR ETFs Europe I Public Limited Company - SPDR S&P US Dividend Aristocrats UCITS ETF to open at £72.97, and during the day (based on 14 day Average True Range), to move between £72.32 and £73.46, which gives a possible trading interval of +/-£0.567 (+/-0.78%) up or down from last closing price. If SSgA SPDR ETFs Europe I Public Limited Company - SPDR S&P US Dividend Aristocrats UCITS ETF takes out the full calculated possible swing range there will be an estimated 1.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £73.02 (0.18%) than the support at £72.50 (0.54%), 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 SSgA SPDR ETFs Europe I Public Limited Company - SPDR S&P US Dividend Aristocrats UCITS ETF ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for SSgA SPDR s Europe I Public Ltd Co - ETF to perform well in the short-term.

Current score: 3.024 Buy Candidate Unchanged

Predicted Opening Price for SSgA SPDR ETFs Europe I Public Limited Company - SPDR S&P US Dividend Aristocrats UCITS ETF of Monday, May 20, 2024

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