SPDR S&P Health Care Equipment ETF Forecast

$87.94
+0.755 (+0.87%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Green day on Thursday for SPDR S&P Health Care Equipment ETF after gaining 0.87%
(Updated on Mar 28, 2024)

Hold candidate since Mar 14, 2024 Gain 5.23% PDF

The SPDR S&P Health Care Equipment ETF price gained 0.87% on the last trading day (Thursday, 28th Mar 2024), rising from $87.18 to $87.94. 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 1.31% from a day low at $87.17 to a day high of $88.31. The price has risen in 7 of the last 10 days and is up by 5.23% 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, 10 thousand more shares were traded than the day before. In total, 29 thousand shares were bought and sold for approximately $2.58 million.

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 $88.23 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 2.57% during the next 3 months and, with a 90% probability hold a price between $84.86 and $90.49 at the end of this 3-month period.

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XHE Signals & Forecast

The SPDR S&P Health Care Equipment ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $85.48 and $85.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 5.94%. 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.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation

Support, Risk & Stop-loss for SPDR S&P Health Care Equipment ETF

SPDR S&P Health Care Equipment finds support from accumulated volume at $85.33 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 $1.14 between high and low, or 1.31%. For the last week the ETF has had daily average volatility of 1.29%.

Our recommended stop-loss: $83.95 (-4.53%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (XHE) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect SPDR S&P Health Care Equipment ETF to open at $87.81, and during the day (based on 14 day Average True Range), to move between $86.65 and $89.23, which gives a possible trading interval of +/-$1.29 (+/-1.46%) up or down from last closing price. If SPDR S&P Health Care Equipment ETF takes out the full calculated possible swing range there will be an estimated 2.92% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $85.33, some $2.61 (2.97%) from the current price of $87.94, our system finds the risk reward attractive.

Is SPDR S&P Health Care Equipment ETF ETF A Buy?

SPDR S&P Health Care Equipment 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.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for SPDR S&P Health Care Equipment ETF of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$87.81 ( 0.152%) $87.94

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

Trading levels for XHE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 88.95 1.14 %
R2 88.51 0.650 %
R1 88.24 0.344 %
Current price: 87.94
Support S1 87.37 -0.647 %
S2 87.10 -0.95 %
S3 86.67 -1.45 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 87.94
Support S1 85.33 -2.97%
S2 84.51 -3.90%
S3 83.46 -5.09%

XHE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 18, 2023 Dec 18, 2023 Dec 18, 2023 $0.0270 0.0331%
2 Jan 17, 2022 Dec 19, 2022 Dec 22, 2022 $0.0070 0.0078%
3 Jan 17, 2022 Sep 19, 2022 Sep 22, 2022 $0.0140 0.0163%
4 Jan 17, 2022 Jun 21, 2022 Jun 24, 2022 $0.0030 0.0034%
5 Jan 17, 2022 Mar 21, 2022 Mar 24, 2022 $0.0120 0.0111%

FAQ

What is the symbol for SPDR S&P Health Care Equipment ETF ETF and on which exchange is it traded?
The symbol for SPDR S&P Health Care Equipment ETF is XHE and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell SPDR S&P Health Care Equipment ETF ETF?
SPDR S&P Health Care Equipment 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.

How to buy SPDR S&P Health Care Equipment ETF ETF?
SPDR S&P Health Care Equipment ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy SPDR S&P Health Care Equipment ETF ETF.

What's the current price of SPDR S&P Health Care Equipment ETF ETF?
As of the end of day on the 2024-03-28, the price of an SPDR S&P Health Care Equipment ETF (XHE) share was $87.94.

What is the 52-week high and low for SPDR S&P Health Care Equipment ETF ETF?
The 52-week high for SPDR S&P Health Care Equipment ETF ETF is $99.68 and the 52-week low is $66.20.

What is the market capitalization of SPDR S&P Health Care Equipment ETF ETF?
As of the 2024-03-28, the market capitalization of SPDR S&P Health Care Equipment ETF is 304.87M.
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About SPDR S&P Health Care Equipment ETF

XHE was created on 01/26/11 by State Street Global Advisors. The ETF tracks an equal-weighted index of U.S. health care equipment and supplies companies.... XHE Profile

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