Spdr Stoxx Europe 600 Sri Ucits Etf ETF Forecast
Spdr Stoxx Europe 600 Sri Ucits Etf ETF price ended at 31.42€ on Friday, after losing 0.111%.
(Updated on Jun 28, 2024)
The Spdr Stoxx Europe 600 Sri Ucits Etf ETF price fell by -0.111% on the last day (Friday, 28th Jun 2024) from 31.45€ to 31.42€. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 1.00% from a day low at 31.39€ to a day high of 31.70€. The price has fallen in 5 of the last 10 days but is still up by 0.56% over the past 2 weeks. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 thousand shares were bought and sold for approximately 234.95€ thousand.
The ETF lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 31.26€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 7.86% during the next 3 months and, with a 90% probability hold a price between 33.71€ and 35.21€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ZPDX.F Signals & Forecast
There are few to no technical positive signals at the moment. The Spdr Stoxx Europe 600 Sri Ucits Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 31.51€ and 31.49€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -1.92%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Spdr Stoxx Europe 600 Sri Ucits Etf 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".
Support, Risk & Stop-loss for Spdr Stoxx Europe 600 Sri Ucits Etf ETF
Spdr Stoxx Europe 600 Sri Ucits Etf finds support from accumulated volume at 31.14€ 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 0.315€ between high and low, or 1.00%. For the last week the ETF has had daily average volatility of 0.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZPDX.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Spdr Stoxx Europe 600 Sri Ucits Etf to open at 31.50€, and during the day (based on 14 day Average True Range), to move between 31.16€ and 31.67€, which gives a possible trading interval of +/-0.258€ (+/-0.82%) up or down from last closing price. If Spdr Stoxx Europe 600 Sri Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 31.45€ (0.11%) than the support at 31.14€ (0.88%), 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 Stoxx Europe 600 Sri Ucits Etf ETF A Buy?
The Spdr Stoxx Europe 600 Sri Ucits Etf ETF holds several negative signals and despite the positive trend, we believe Spdr Stoxx Europe 600 Sri Ucits Etf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.433 Sell Candidate Unchanged
Predicted Opening Price for Spdr Stoxx Europe 600 Sri Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 31.50€ ( 0.271%) | 31.42€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZPDX.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.82 | 1.27% |
| R2 | 31.69 | 0.89% |
| R1 | 31.62 | 0.654% |
| Price | 31.42 | |
| S1 | 31.38 | -0.112% |
| S2 | 31.31 | -0.349% |
| S3 | 31.19 | -0.732% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.87 | 1.45% |
| R2 | 31.66 | 0.764% |
| R1 | 31.45 | 0.111% |
| Price | 31.42 | |
| S1 | 31.14 | -0.88% |
| S2 | 30.72 | -2.21% |
| S3 | 29.46 | -6.22% |
FAQ
Click here for our free guide on how to buy Spdr Stoxx Europe 600 Sri Ucits Etf ETF.
