The Real Estate Select Sector SPDR Fund ETF Forecast
Green day on Friday for The Real Estate Select Sector SPDR Fund
(Updated on Jun 14, 2024)
The The Real Estate Select Sector SPDR Fund ETF price gained 0.0779% on the last trading day (Friday, 14th Jun 2024), rising from $38.50 to $38.53. 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 1.14% from a day low at $38.21 to a day high of $38.65. The price has risen in 6 of the last 10 days and is up by 1.26% 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, 1 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $190.40 million.
The ETFis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $38.69 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect The Real Estate Select Sector SPDR Fund ETF with a 90% probability to be traded between $35.08 and $38.28 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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XLRE Signals & Forecast
The The Real Estate Select Sector SPDR Fund 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 $38.26 and $37.73. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -0.773%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Tuesday, June 11, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Tuesday, June 11, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for The Real Estate Select Sector SPDR Fund ETF
The Real Estate Select Sector SPDR Fund finds support from accumulated volume at $38.31 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 $0.435 between high and low, or 1.14%. For the last week the ETF has had daily average volatility of 1.36%.
Our recommended stop-loss: $36.99 (-4.00%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 41 days ago.)
Trading Expectations (XLRE) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect The Real Estate Select Sector SPDR Fund to open at $38.46, and during the day (based on 14 day Average True Range), to move between $38.00 and $39.06, which gives a possible trading interval of +/-$0.534 (+/-1.39%) up or down from last closing price. If The Real Estate Select Sector SPDR Fund takes out the full calculated possible swing range there will be an estimated 2.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $38.31 (0.57%) than the resistance at $38.76 (0.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The Real Estate Select Sector SPDR Fund ETF A Buy?
The Real Estate Select Sector SPDR Fund 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: 0.603 Hold/Accumulate Unchanged
Predicted Opening Price for The Real Estate Select Sector SPDR Fund of Monday, June 17, 2024
Fair opening price June 17, 2024 | Current price |
---|---|
$38.46 ( 0.177%) | $38.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XLRE
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 38.90 | 0.95% |
R2 | 38.73 | 0.520% |
R1 | 38.63 | 0.254% |
Price | 38.53 | |
S1 | 38.30 | -0.609% |
S2 | 38.19 | -0.88% |
S3 | 38.03 | -1.31% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 38.83 | 0.779% |
R2 | 38.77 | 0.623% |
R1 | 38.76 | 0.597% |
Price | 38.53 | |
S1 | 38.31 | -0.571% |
S2 | 37.59 | -2.44% |
S3 | 36.21 | -6.02% |
XLRE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 18, 2024 | Mar 18, 2024 | Mar 21, 2024 | $0.264 | 0.674% |
2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.421 | 1.07% |
3 | Jan 26, 2023 | Sep 18, 2023 | Sep 21, 2023 | $0.291 | 0.84% |
4 | Jan 26, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.359 | 1.00% |
5 | Jan 26, 2023 | Mar 20, 2023 | Mar 23, 2023 | $0.256 | 0.739% |
FAQ
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