SPDR(R) CITI INTERNATIONAL GOVERNMENT ETF Forecast
SPDR(R) CITI INTERNATIONAL GOVERNMENT ETF price ended at $38.69 on Tuesday, after gaining 0.241%.
(Updated on Jun 25, 2024)
The SPDR(R) CITI INTERNATIONAL GOVERNMENT ETF price gained 0.241% on the last trading day (Tuesday, 25th Jun 2024), rising from $38.60 to $38.69. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.493% from a day low at $38.55 to a day high of $38.74. The price has risen in 6 of the last 10 days and is up by 0.6% 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, 213 thousand more shares were traded than the day before. In total, 229 thousand shares were bought and sold for approximately $8.86 million.
The ETF lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.09% during the next 3 months and, with a 90% probability hold a price between $37.12 and $38.56 at the end of this 3-month period. 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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WIP Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 0.86%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SPDR(R) CITI INTERNATIONAL GOVERNMENT ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $39.05. On a fall, the ETF will find some support from the short-term average at $38.59. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Tuesday, June 11, 2024 and based on theory for this formation the price should go up by 5.76% to $40.92 within 28 trading days since signal was issued (Tuesday, July 23, 2024).
Support, Risk & Stop-loss for SPDR(R) CITI INTERNATIONAL GOVERNMENT ETF
SPDR(R) CITI INTERNATIONAL GOVERNMENT finds support from accumulated volume at $38.68 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 $0.190 between high and low, or 0.493%. For the last week the ETF has had daily average volatility of 0.574%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WIP) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect SPDR(R) CITI INTERNATIONAL GOVERNMENT INFLATION-PROTECTED BOND ETF to open at $38.66, and during the day (based on 14 day Average True Range), to move between $38.36 and $39.02, which gives a possible trading interval of +/-$0.332 (+/-0.86%) up or down from last closing price. If SPDR(R) CITI INTERNATIONAL GOVERNMENT INFLATION-PROTECTED BOND ETF takes out the full calculated possible swing range there will be an estimated 1.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $38.68 (0.03%) than the resistance at $38.96 (0.70%), 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(R) CITI INTERNATIONAL GOVERNMENT INFLATION-PROTECTED BOND ETF ETF A Buy?
SPDR(R) CITI INTERNATIONAL GOVERNMENT holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -1.989 Sell Candidate Unchanged
Predicted Opening Price for SPDR(R) CITI INTERNATIONAL GOVERNMENT INFLATION-PROTECTED BOND ETF of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $38.66 ( 0.0776%) | $38.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WIP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.85 | 0.413% |
| R2 | 38.78 | 0.226% |
| R1 | 38.73 | 0.110% |
| Price | 38.69 | |
| S1 | 38.59 | -0.265% |
| S2 | 38.54 | -0.381% |
| S3 | 38.47 | -0.568% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 39.17 | 1.24% |
| R2 | 39.10 | 1.06% |
| R1 | 38.96 | 0.698% |
| Price | 38.69 | |
| S1 | 38.68 | -0.0258% |
| S2 | 38.62 | -0.181% |
| S3 | 38.51 | -0.465% |
WIP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 07, 2024 | $0.290 | 0.738% |
| 2 | Jan 02, 2024 | Apr 01, 2024 | Apr 05, 2024 | $0.142 | 0.356% |
| 3 | Jan 02, 2024 | Mar 01, 2024 | Mar 07, 2024 | $0.176 | 0.436% |
| 4 | Jan 02, 2024 | Feb 01, 2024 | Feb 07, 2024 | $0.0909 | 0.228% |
| 5 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.171 | 0.416% |
FAQ
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