Spdr s&p u.s. Consumer Staples Select ETF Forecast

Spdr s&p u.s. Consumer Staples Select ETF price down 0.396% on Friday
(Updated on Jun 28, 2024)

ZPDS.F Signals & Forecast

The Spdr s&p u.s. Consumer Staples Select ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 36.71€. On a fall, the ETF will find some support from the long-term average at approximately 36.26€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, June 24, 2024, and so far it has fallen -1.35%. Further fall is indicated until a new bottom pivot has been found. Spdr s&p u.s. Consumer Staples Select gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Friday, April 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, December 29, 2023.

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 Spdr s&p u.s. Consumer Staples Select ETF

Spdr s&p u.s. Consumer Staples Select finds support from accumulated volume at 36.10€ 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 0.330€ between high and low, or 0.91%. For the last week the ETF has had daily average volatility of 0.757%.

Our recommended stop-loss: 35.29€ (-3.18%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (ZPDS.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Spdr s&p u.s. Consumer Staples Select Sector Ucits Etf to open at 36.55€, and during the day (based on 14 day Average True Range), to move between 36.17€ and 36.73€, which gives a possible trading interval of +/-0.276€ (+/-0.76%) up or down from last closing price. If Spdr s&p u.s. Consumer Staples Select Sector Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 36.51€ (0.16%) than the support at 36.10€ (0.96%), 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 s&p u.s. Consumer Staples Select Sector Ucits Etf ETF A Buy?

Spdr s&p u.s. Consumer Staples Select 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: -0.370 Hold/Accumulate Unchanged

Predicted Opening Price for Spdr s&p u.s. Consumer Staples Select Sector Ucits Etf of Monday, July 1, 2024

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