Spdr Msci World Industrials Ucits Etf ETF Forecast

Spdr Msci World Industrials Ucits Etf ETF upgraded to Hold/Accumulate.
(Updated on Jun 27, 2024)

WNDU.L Signals & Forecast

There are mixed signals in the ETF today. The Spdr Msci World Industrials Ucits Etf 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 $65.61 and $66.43. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has fallen 0%. 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 Msci World Industrials Ucits Etf ETF

Spdr Msci World Industrials Ucits Etf finds support from accumulated volume at $64.46 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.81%

Our recommended stop-loss: $61.06 (-6.24%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)

Trading Expectations (WNDU.L) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Spdr Msci World Industrials Ucits Etf to open at $65.12, and during the day (based on 14 day Average True Range), to move between $64.53 and $65.71, which gives a possible trading interval of +/-$0.594 (+/-0.91%) up or down from last closing price. If Spdr Msci World Industrials Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.82% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $64.46 (1.01%) than the resistance at $66.13 (1.55%), 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 Msci World Industrials Ucits Etf ETF A Buy?

Spdr Msci World Industrials 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: 0.004 Hold/Accumulate Upgraded

Predicted Opening Price for Spdr Msci World Industrials Ucits Etf of Friday, June 28, 2024

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