The Real Estate Select Sector SPDR Fund 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
The Real Estate Select Sector SPDR Fund ETF upgraded to Buy Candidate.
(Updated on Jun 20, 2024)
The The Real Estate Select Sector SPDR Fund ETF price fell by -0.286% on the last day (Thursday, 20th Jun 2024) from $38.48 to $38.37. During the last trading day the ETF fluctuated 0.549% from a day low at $38.25 to a day high of $38.46. The price has risen in 6 of the last 10 days and is up by 0.42% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -516 thousand shares and in total, 4 million shares were bought and sold for approximately $167.86 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 $38.90 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 $36.02 and $39.08 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.
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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 $38.37 and $37.89. 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). 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 -1.18%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. 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 $0.210 between high and low, or 0.549%. For the last week the ETF has had daily average volatility of 0.92%.
Our recommended stop-loss: $36.76 (-4.21%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (XLRE) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect The Real Estate Select Sector SPDR Fund to open at $38.36, and during the day (based on 14 day Average True Range), to move between $37.88 and $38.86, which gives a possible trading interval of +/-$0.491 (+/-1.28%) 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 2.56% 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 (0.16%) than the resistance at $38.76 (1.02%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for The Real Estate Select Sector SPDR Fund ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.415 Buy Candidate Upgraded
Predicted Opening Price for The Real Estate Select Sector SPDR Fund of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
$38.36 ( 0.0261%) | $38.37 |
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 | 38.57 | 0.521% |
R2 | 38.49 | 0.312% |
R1 | 38.44 | 0.183% |
Price | 38.37 | |
S1 | 38.28 | -0.235% |
S2 | 38.23 | -0.364% |
S3 | 38.15 | -0.573% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 38.84 | 1.22% |
R2 | 38.83 | 1.20% |
R1 | 38.76 | 1.02% |
Price | 38.37 | |
S1 | 38.31 | -0.156% |
S2 | 37.59 | -2.03% |
S3 | 36.21 | -5.63% |
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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