SPDR S&P Global Dividend ETF Forecast
Green day on Friday for SPDR S&P Global Dividend ETF after gaining 0.83%
(Updated on May 31, 2024)
The SPDR S&P Global Dividend ETF price gained 0.83% on the last trading day (Friday, 31st May 2024), rising from $60.59 to $61.09. During the last trading day the ETF fluctuated 0.712% from a day low at $60.75 to a day high of $61.18. The price has fallen in 7 of the last 10 days and is down by -1.79% for this period. Volume fell on the last day by -9 thousand shares and in total, 8 thousand shares were bought and sold for approximately $465.58 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 3.28% during the next 3 months and, with a 90% probability hold a price between $59.91 and $64.58 at the end of this 3-month period.
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WDIV Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -1.79%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 also not. The SPDR S&P Global Dividend 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 $60.89 and $59.94. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for SPDR S&P Global Dividend ETF
SPDR S&P Global Dividend finds support from accumulated volume at $59.49 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 $0.432 between high and low, or 0.712%. For the last week the ETF has had daily average volatility of 0.578%
Our recommended stop-loss: $58.67 (-3.97%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 32 days ago.)
Trading Expectations (WDIV) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect SPDR S&P Global Dividend ETF to open at $61.01, and during the day (based on 14 day Average True Range), to move between $60.58 and $61.60, which gives a possible trading interval of +/-$0.511 (+/-0.84%) up or down from last closing price. If SPDR S&P Global Dividend ETF takes out the full calculated possible swing range there will be an estimated 1.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $62.05 (1.57%) than the support at $59.49 (2.61%), 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 S&P Global Dividend 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 SPDR S&P Global Dividend ETF to perform well in the short-term.
Current score: 1.057 Buy Candidate Unchanged
Predicted Opening Price for SPDR S&P Global Dividend ETF of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $61.01 ( 0.137%) | $61.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WDIV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.44 | 0.571 % | |
| R2 | 61.28 | 0.300 % | ||
| R1 | 61.17 | 0.133 % | ||
| Current price: | 61.09 | |||
| Support | S1 | 60.84 | -0.407 % | |
| S2 | 60.74 | -0.574 % | ||
| S3 | 60.58 | -0.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 62.20 | 1.82 % | |
| R2 | 62.20 | 1.81 % | ||
| R1 | 62.05 | 1.57 % | ||
| Current price | 61.09 | |||
| Support | S1 | 59.49 | -2.61% | |
| S2 | 58.75 | -3.83% | ||
| S3 | 57.77 | -5.44% |
WDIV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 21, 2024 | $0.370 | 0.618% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.726 | 1.23% |
| 3 | Jan 19, 2023 | Sep 18, 2023 | Sep 21, 2023 | $0.647 | 1.16% |
| 4 | Jan 19, 2023 | Jun 20, 2023 | Jun 23, 2023 | $1.11 | 1.97% |
| 5 | Jan 19, 2023 | Mar 20, 2023 | Mar 23, 2023 | $0.378 | 0.663% |
FAQ
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