Spdr Msci World Communication Services ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Wednesday for Spdr Msci World Communication Services ETF after gaining 1.25%
(Updated on Jun 26, 2024)
The Spdr Msci World Communication Services ETF price gained 1.25% on the last trading day (Wednesday, 26th Jun 2024), rising from $56.28 to $56.98. 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% from a day low at $56.98 to a day high of $56.98. The price has risen in 6 of the last 10 days and is up by 1.75% over the past 2 weeks. Volume fell on the last day by -398 shares and in total, 150 shares were bought and sold for approximately $8.55 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 upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $57.42 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 7.65% during the next 3 months and, with a 90% probability hold a price between $57.28 and $61.82 at the end of this 3-month period.
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WTEL.L Signals & Forecast
The Spdr Msci World Communication Services 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 $55.92 and $54.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 12.92%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Spdr Msci World Communication Services ETF
Spdr Msci World Communication Services finds support from accumulated volume at $55.62 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 0.278%
The Spdr Msci World Communication Services ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the ETF manages to break the trend before that occurs.
Our recommended stop-loss: $55.33 (-2.90%) (This ETF has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 54 days ago.)
Trading Expectations (WTEL.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Spdr Msci World Communication Services Ucits Etf to open at $56.98, and during the day (based on 14 day Average True Range), to move between $56.59 and $57.37, which gives a possible trading interval of +/-$0.391 (+/-0.69%) up or down from last closing price. If Spdr Msci World Communication Services Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.37% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $55.62, some $1.36 (2.40%) from the current price of $56.98, our system finds the risk reward attractive.
Is Spdr Msci World Communication Services Ucits Etf ETF A Buy?
Spdr Msci World Communication Services holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.828 Strong Buy Candidate Unchanged
Predicted Opening Price for Spdr Msci World Communication Services Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $56.98 ( 0%) | $56.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WTEL.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 56.98 | - |
| R2 | 56.98 | - |
| R1 | 56.98 | - |
| Price | 56.98 | |
| S1 | 56.98 | - |
| S2 | 56.98 | - |
| S3 | 56.98 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 56.98 | |
| S1 | 55.62 | -2.40% |
| S2 | 55.51 | -2.59% |
| S3 | 53.13 | -6.76% |
FAQ
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