SPDR S&P World ex Australia ETF Forecast
SPDR S&P World ex Australia ETF upgraded from Buy Candidate to Strong Buy Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
The SPDR S&P World ex Australia ETF price gained 0.386% on the last trading day (Wednesday, 26th Jun 2024), rising from A$25.93 to A$26.03. During the last trading day the ETF fluctuated 0.270% from a day low at A$25.96 to a day high of A$26.03. The price has risen in 6 of the last 10 days and is up by 1.88% over the past 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 9 thousand shares were bought and sold for approximately A$222.35 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 6.63% during the next 3 months and, with a 90% probability hold a price between A$26.55 and A$28.37 at the end of this 3-month period.
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WXHG.AX Signals & Forecast
The SPDR S&P World ex Australia 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 A$25.92 and A$25.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 10.06%. 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 also not.
Support, Risk & Stop-loss for SPDR S&P World ex Australia ETF
SPDR S&P World ex Australia finds support from accumulated volume at A$25.38 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 A$0.0700 between high and low, or 0.270%. For the last week the ETF has had daily average volatility of 0.294%
Our recommended stop-loss: A$25.25 (-3.00%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 60 days ago.)
Trading Expectations (WXHG.AX) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect SPDR S&P World ex Australia to open at A$26.01, and during the day (based on 14 day Average True Range), to move between A$25.89 and A$26.17, which gives a possible trading interval of +/-A$0.135 (+/-0.52%) up or down from last closing price. If SPDR S&P World ex Australia takes out the full calculated possible swing range there will be an estimated 1.04% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ A$25.38, some A$0.650 (2.50%) from the current price of A$26.03, our system finds the risk reward attractive.
Is SPDR S&P World ex Australia ETF A Buy?
SPDR S&P World ex Australia 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.043 Strong Buy Candidate Upgraded
Predicted Opening Price for SPDR S&P World ex Australia of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| A$26.01 ( 0.0896%) | A$26.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WXHG.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.08 | 0.179% |
| R2 | 26.05 | 0.0766% |
| R1 | 26.03 | 0.0131% |
| Price | 26.03 | |
| S1 | 25.98 | -0.192% |
| S2 | 25.96 | -0.256% |
| S3 | 25.94 | -0.359% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 26.03 | |
| S1 | 25.38 | -2.50% |
| S2 | 25.31 | -2.77% |
| S3 | 24.80 | -4.73% |
WXHG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | A$1.31 | 6.13% |
| 2 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | A$4.94 | 24.93% |
| 3 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | A$0.85 | 3.01% |
| 4 | Jun 29, 2020 | Jun 29, 2020 | Jun 29, 2020 | A$0.98 | 4.65% |
| 5 | Jun 27, 2019 | Jun 27, 2019 | Jun 27, 2019 | A$1.03 | 4.64% |
FAQ
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