SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF Stock Forecast
SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF stock price ended at £115.00 on Wednesday, after gaining 1.32%.
(Updated on Apr 17, 2024)
The SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF stock price gained 1.32% on the last trading day (Wednesday, 17th Apr 2024), rising from £113.50 to £115.00. During the last trading day the stock fluctuated 4.90% from a day low at £112.97 to a day high of £118.50. The price has been going up and down for this period, and there has been a 7.48% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 61 thousand shares were bought and sold for approximately £6.98 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.14% during the next 3 months and, with a 90% probability hold a price between £107.61 and £142.01 at the end of this 3-month period.
XAR.L Signals & Forecast
Mostly positive signals in the chart today. The SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF stock 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 £110.86 and £107.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 13.30%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF stock
On the downside, the stock finds support just below today's level from accumulated volume at £109.00 and £107.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF finds support just below today's level at £109.00. If this is broken, then the next support from accumulated volume will be at £107.50 and £105.00.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £5.53 between high and low, or 4.90%. For the last week, the stock has had daily average volatility of 5.06%.
Our recommended stop-loss: £110.81 (-3.64%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (XAR.L) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF to open at £115.49, and during the day (based on 14 day Average True Range), to move between £109.70 and £120.30, which gives a possible trading interval of +/-£5.30 (+/-4.61%) up or down from last closing price. If SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF takes out the full calculated possible swing range there will be an estimated 9.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £115.50 (0.43%) than the support at £109.00 (5.22%), 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(R) S&P(R) AEROSPACE & DEFENSE ETF stock 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(R) S&P(R) AEROSPACE & DEFENSE ETF stock to perform well in the short-term.
Current score: 3.835 Buy Candidate Unchanged
Predicted Opening Price for SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| £115.49 ( 0.425%) | £115.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XAR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 121.02 | 5.24 % | |
| R2 | 118.91 | 3.40 % | ||
| R1 | 117.60 | 2.26 % | ||
| Current price: | 115.00 | |||
| Support | S1 | 113.38 | -1.41 % | |
| S2 | 112.07 | -2.55 % | ||
| S3 | 109.96 | -4.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 130.50 | 13.48 % | |
| R2 | 122.50 | 6.52 % | ||
| R1 | 115.50 | 0.435 % | ||
| Current price | 115.00 | |||
| Support | S1 | 109.00 | -5.22% | |
| S2 | 107.50 | -6.52% | ||
| S3 | 105.00 | -8.70% |
XAR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 05, 2018 | Sep 13, 2018 | Oct 12, 2018 | £1.00 | 0.647% |
| 2 | Mar 21, 2018 | May 31, 2018 | Jun 29, 2018 | £6.80 | 2.84% |
| 3 | Sep 06, 2017 | Sep 14, 2017 | Oct 12, 2017 | £3.40 | 0.739% |
| 4 | Mar 22, 2017 | May 25, 2017 | Jun 26, 2017 | £6.70 | 1.86% |
| 5 | Aug 24, 2016 | Sep 01, 2016 | Sep 30, 2016 | £3.30 | 0.660% |
FAQ
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