Spdr Msci Usa Value Ucits Etf ETF Forecast
Spdr Msci Usa Value Ucits Etf ETF upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Spdr Msci Usa Value Ucits Etf ETF price gained 0.94% on the last trading day (Friday, 28th Jun 2024), rising from £47.59 to £48.03. During the last trading day the ETF fluctuated 0.776% from a day low at £47.67 to a day high of £48.04. The price has risen in 5 of the last 10 days and is up by 1.74% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately £57.40 thousand.
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 £48.22 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Spdr Msci Usa Value Ucits Etf ETF with a 90% probability to be traded between £45.92 and £48.00 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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UVAL.L Signals & Forecast
The Spdr Msci Usa Value Ucits Etf 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 £47.89 and £47.56. 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). Spdr Msci Usa Value Ucits Etf has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Monday, June 24, 2024, and so far it has fallen -0.435%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Friday, June 14, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 18, 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.
Golden Star
The ETF had a Golden Star Signal on Friday, June 14, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 18, 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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Friday, June 14, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 18, 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.
A sell signal from a double top formation was found on Monday, June 24, 2024 and based on theory for this formation the price should fall by -4.06% to £46.08 within 25 trading days since signal was issued (Monday, July 29, 2024).
Support, Risk & Stop-loss for Spdr Msci Usa Value Ucits Etf ETF
Spdr Msci Usa Value Ucits Etf finds support from accumulated volume at £48.01 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 £0.370 between high and low, or 0.776%. For the last week the ETF has had daily average volatility of 0.522%.
Our recommended stop-loss: £46.23 (-3.75%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (UVAL.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Spdr Msci Usa Value Ucits Etf to open at £47.91, and during the day (based on 14 day Average True Range), to move between £47.73 and £48.33, which gives a possible trading interval of +/-£0.299 (+/-0.62%) up or down from last closing price. If Spdr Msci Usa Value Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £48.04 (0.02%) than the support at £48.01 (0.04%), 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 Msci Usa Value Ucits Etf ETF A Buy?
Spdr Msci Usa Value Ucits Etf holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Spdr Msci Usa Value Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £47.91 ( 0.243%) | £48.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UVAL.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 48.28 | 0.527% |
| R2 | 48.14 | 0.233% |
| R1 | 48.05 | 0.0514% |
| Price | 48.03 | |
| S1 | 47.77 | -0.537% |
| S2 | 47.68 | -0.719% |
| S3 | 47.54 | -1.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 48.73 | 1.46% |
| R2 | 48.63 | 1.25% |
| R1 | 48.04 | 0.0208% |
| Price | 48.03 | |
| S1 | 48.01 | -0.0416% |
| S2 | 47.98 | -0.104% |
| S3 | 47.67 | -0.750% |
FAQ
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