SPDR S&P 1500 VALUE TILT ETF Forecast
Red day on Wednesday for SPDR S&P 1500 VALUE TILT ETF after losing 0.122%
(Updated on Jun 26, 2024)
The SPDR S&P 1500 VALUE TILT ETF price fell by -0.122% on the last day (Wednesday, 26th Jun 2024) from $171.82 to $171.61. During the last trading day the ETF fluctuated 0.544% from a day low at $171.06 to a day high of $171.99. The price has been going up and down for this period, and there has been a 0.2% gain for the last 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 -7 thousand shares and in total, 6 thousand shares were bought and sold for approximately $1.07 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 S&P 1500 VALUE TILT ETF with a 90% probability to be traded between $168.30 and $176.35 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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VLU Signals & Forecast
There are mixed signals in the ETF today. The SPDR S&P 1500 VALUE TILT 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 $172.13 and $172.18. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 1.18%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for SPDR S&P 1500 VALUE TILT ETF
SPDR S&P 1500 VALUE TILT finds support from accumulated volume at $171.10 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 $0.93 between high and low, or 0.544%. For the last week the ETF has had daily average volatility of 0.678%
Our recommended stop-loss: $161.49 (-5.90%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (VLU) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect SPDR S&P 1500 VALUE TILT ETF to open at $171.55, and during the day (based on 14 day Average True Range), to move between $170.35 and $172.87, which gives a possible trading interval of +/-$1.26 (+/-0.73%) up or down from last closing price. If SPDR S&P 1500 VALUE TILT ETF takes out the full calculated possible swing range there will be an estimated 1.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $171.10 (0.30%) than the resistance at $172.47 (0.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SPDR S&P 1500 VALUE TILT ETF ETF A Buy?
SPDR S&P 1500 VALUE TILT 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.
Current score: -0.438 Hold/Accumulate Unchanged
Predicted Opening Price for SPDR S&P 1500 VALUE TILT ETF of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $171.55 ( 0.0330%) | $171.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VLU
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 172.48 | 0.509% |
| R2 | 172.13 | 0.302% |
| R1 | 171.91 | 0.174% |
| Price | 171.61 | |
| S1 | 171.20 | -0.240% |
| S2 | 170.98 | -0.368% |
| S3 | 170.62 | -0.575% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 175.32 | 2.16% |
| R2 | 172.64 | 0.598% |
| R1 | 172.47 | 0.499% |
| Price | 171.61 | |
| S1 | 171.10 | -0.297% |
| S2 | 171.00 | -0.354% |
| S3 | 169.48 | -1.24% |
VLU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 21, 2024 | $0.790 | 0.455% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.86 | 0.542% |
| 3 | Jan 17, 2023 | Sep 18, 2023 | Sep 21, 2023 | $0.81 | 0.552% |
| 4 | Jan 17, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.81 | 0.559% |
| 5 | Jan 17, 2023 | Mar 20, 2023 | Mar 23, 2023 | $0.762 | 0.561% |
FAQ
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