SPDR(R) S&P(R) INTERNATIONAL FINANCIAL Stock Forecast
Green day on Wednesday for SPDR(R) S&P(R) INTERNATIONAL FINANCIAL stock after gaining 0.90%
(Updated on Mar 27, 2024)
The SPDR(R) S&P(R) INTERNATIONAL FINANCIAL stock price gained 0.90% on the last trading day (Wednesday, 27th Mar 2024), rising from £110.50 to £111.50. During the last trading day the stock fluctuated 3.02% from a day low at £109.03 to a day high of £112.32. The price has risen in 5 of the last 10 days and is up by 10.95% 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, 89 thousand more shares were traded than the day before. In total, 594 thousand shares were bought and sold for approximately £66.21 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £112.67 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.53% during the next 3 months and, with a 90% probability hold a price between £90.41 and £103.06 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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IPF.L Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SPDR(R) S&P(R) INTERNATIONAL FINANCIAL stock 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 £111.64 and £113.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -2.19%. 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).
Support, Risk & Stop-loss for SPDR(R) S&P(R) INTERNATIONAL FINANCIAL stock
SPDR(R) S&P(R) INTERNATIONAL FINANCIAL finds support from accumulated volume at £110.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £3.30 between high and low, or 3.02%. For the last week, the stock has had daily average volatility of 3.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IPF.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect SPDR(R) S&P(R) INTERNATIONAL FINANCIAL SECTOR ETF to open at £110.95, and during the day (based on 14 day Average True Range), to move between £106.99 and £116.01, which gives a possible trading interval of +/-£4.51 (+/-4.04%) up or down from last closing price. If SPDR(R) S&P(R) INTERNATIONAL FINANCIAL SECTOR ETF takes out the full calculated possible swing range there will be an estimated 8.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £112.00 (0.45%) than the support at £110.50 (0.90%), 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(R) S&P(R) INTERNATIONAL FINANCIAL SECTOR ETF stock A Buy?
SPDR(R) S&P(R) INTERNATIONAL FINANCIAL holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.201 Sell Candidate Unchanged
Predicted Opening Price for SPDR(R) S&P(R) INTERNATIONAL FINANCIAL SECTOR ETF of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£110.95 ( 0.495%) | £111.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IPF.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 114.24 | 2.46 % | |
R2 | 112.99 | 1.33 % | ||
R1 | 112.21 | 0.634 % | ||
Current price: | 111.50 | |||
Support | S1 | 109.69 | -1.62 % | |
S2 | 108.91 | -2.32 % | ||
S3 | 107.65 | -3.45 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 115.00 | 3.14 % | |
R2 | 114.00 | 2.24 % | ||
R1 | 112.00 | 0.448 % | ||
Current price | 111.50 | |||
Support | S1 | 110.50 | -0.90% | |
S2 | 110.00 | -1.35% | ||
S3 | 100.50 | -9.87% |
IPF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 11, 2024 | Apr 11, 2024 | May 10, 2024 | £7.20 | 6.46% |
2 | Mar 01, 2023 | Apr 06, 2023 | May 05, 2023 | £6.50 | 6.63% |
3 | Jul 27, 2022 | Sep 01, 2022 | Sep 30, 2022 | £2.70 | 3.27% |
4 | Feb 23, 2022 | Apr 07, 2022 | May 06, 2022 | £5.80 | 6.20% |
5 | Jul 27, 2021 | Sep 02, 2021 | Oct 01, 2021 | £2.20 | 1.61% |
FAQ
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