SPDR(R) S&P(R) SOFTWARE & SERVICES ETF Forecast
SPDR(R) S&P(R) SOFTWARE & SERVICES ETF price up 0.0481% on Wednesday
(Updated on May 01, 2024)
The SPDR(R) S&P(R) SOFTWARE & SERVICES ETF price gained 0.0481% on the last trading day (Wednesday, 1st May 2024), rising from $145.51 to $145.58. During the last trading day the ETF fluctuated 2.76% from a day low at $144.67 to a day high of $148.66. The price has been going up and down for this period, and there has been a 2.08% 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, 2 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately $1.37 million.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -4.27% during the next 3 months and, with a 90% probability hold a price between $134.38 and $146.86 at the end of this 3-month period.
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XSW Signals & Forecast
There are mixed signals in the ETF today. The SPDR(R) S&P(R) SOFTWARE & SERVICES ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $147.25 and $149.86. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.05%. 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). SPDR(R) S&P(R) SOFTWARE & SERVICES has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for SPDR(R) S&P(R) SOFTWARE & SERVICES ETF
SPDR(R) S&P(R) SOFTWARE & SERVICES finds support from accumulated volume at $145.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $3.99 (2.76%) between high and low. For the last week, the ETF has had daily average volatility of 1.52%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XSW) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect SPDR(R) S&P(R) SOFTWARE & SERVICES ETF to open at $146.30, and during the day (based on 14 day Average True Range), to move between $143.14 and $148.02, which gives a possible trading interval of +/-$2.44 (+/-1.68%) up or down from last closing price. If SPDR(R) S&P(R) SOFTWARE & SERVICES ETF takes out the full calculated possible swing range there will be an estimated 3.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $145.01 (0.39%) than the resistance at $146.98 (0.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SPDR(R) S&P(R) SOFTWARE & SERVICES ETF ETF A Buy?
SPDR(R) S&P(R) SOFTWARE & SERVICES holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -2.954 Sell Candidate Unchanged
Predicted Opening Price for SPDR(R) S&P(R) SOFTWARE & SERVICES ETF of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $146.30 ( 0.497%) | $145.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XSW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 150.29 | 3.24 % | |
| R2 | 148.77 | 2.19 % | ||
| R1 | 147.83 | 1.54 % | ||
| Current price: | 145.58 | |||
| Support | S1 | 144.78 | -0.550 % | |
| S2 | 143.84 | -1.20 % | ||
| S3 | 142.31 | -2.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 154.57 | 6.18 % | |
| R2 | 150.27 | 3.22 % | ||
| R1 | 146.98 | 0.96 % | ||
| Current price | 145.58 | |||
| Support | S1 | 145.01 | -0.392% | |
| S2 | 143.76 | -1.25% | ||
| S3 | 141.27 | -2.96% |
XSW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.0360 | 0.0242% |
| 2 | Sep 18, 2023 | Sep 18, 2023 | Sep 18, 2023 | $0.100 | 0.0769% |
| 3 | Jan 26, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.104 | 0.0810% |
| 4 | Jan 26, 2023 | Mar 20, 2023 | Mar 23, 2023 | $0.0670 | 0.0577% |
| 5 | Jan 17, 2022 | Dec 19, 2022 | Dec 22, 2022 | $0.0680 | 0.0635% |
FAQ
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