Spdr S&p Global Dividend Aristocrats ETF Forecast
Green day on Monday for Spdr S&p Global Dividend Aristocrats ETF after gaining 0.90%
(Updated on Jun 24, 2024)
The Spdr S&p Global Dividend Aristocrats ETF price gained 0.90% on the last trading day (Monday, 24th Jun 2024), rising from 28.93€ to 29.19€. During the last trading day the ETF fluctuated 1.28% from a day low at 28.88€ to a day high of 29.25€. The price has fallen in 6 of the last 10 days but is still up by 0.55% 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, 4 thousand more shares were traded than the day before. In total, 12 thousand shares were bought and sold for approximately 353.23€ thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Spdr S&p Global Dividend Aristocrats ETF with a 90% probability to be traded between 29.32€ and 30.52€ 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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ZPRG.F Signals & Forecast
Mostly positive signals in the chart today. The Spdr S&p Global Dividend Aristocrats ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 28.85€ and 29.13€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 2.08%. 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 S&p Global Dividend Aristocrats 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 S&p Global Dividend Aristocrats ETF
Spdr S&p Global Dividend Aristocrats finds support from accumulated volume at 29.00€ 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 0.370€ between high and low, or 1.28%. For the last week the ETF has had daily average volatility of 0.655%.
Our recommended stop-loss: 27.52€ (-5.71%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (ZPRG.F) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Spdr S&p Global Dividend Aristocrats Ucits Etf to open at 29.11€, and during the day (based on 14 day Average True Range), to move between 28.95€ and 29.42€, which gives a possible trading interval of +/-0.235€ (+/-0.81%) up or down from last closing price. If Spdr S&p Global Dividend Aristocrats Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 29.22€ (0.12%) than the support at 29.00€ (0.63%), 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 Global Dividend Aristocrats Ucits Etf 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 Spdr S&p Global Dividend Aristocrats ETF to perform well in the short-term period.
Current score: 2.826 Buy Candidate Unchanged
Predicted Opening Price for Spdr S&p Global Dividend Aristocrats Ucits Etf of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| 29.11€ ( 0.274%) | 29.19€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZPRG.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.48 | 0.99% |
| R2 | 29.33 | 0.509% |
| R1 | 29.25 | 0.210% |
| Price | 29.19 | |
| S1 | 28.96 | -0.758% |
| S2 | 28.88 | -1.06% |
| S3 | 28.74 | -1.54% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.55 | 1.25% |
| R2 | 29.48 | 1.01% |
| R1 | 29.22 | 0.120% |
| Price | 29.19 | |
| S1 | 29.00 | -0.634% |
| S2 | 28.75 | -1.49% |
| S3 | 28.59 | -2.04% |
ZPRG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 10, 2024 | 0.279€ | 0% |
| 2 | Feb 01, 2024 | Feb 01, 2024 | Feb 15, 2024 | 0.221€ | 0% |
| 3 | Nov 01, 2023 | Nov 01, 2023 | Nov 09, 2023 | 0.282€ | 0% |
| 4 | Aug 01, 2023 | Aug 01, 2023 | Aug 15, 2023 | 0.400€ | 0% |
| 5 | May 02, 2023 | May 02, 2023 | May 10, 2023 | 0.291€ | 0% |
FAQ
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