SPDR(R) S&P(R) INTERNATIONAL FINANCIAL SECTOR ETF Forecast and Stock Analysis
Technical IPF.L stock analysis for February 15, 2019.
No changes to the price of SPDR(R) S&P(R) INTERNATIONAL FINANCIAL SECTOR ETF in the last trading day. The price has fallen in 6 of the last 10 days and is down by -1.48% for this period.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the IPF.L stock was £200.00.
During day the stock fluctuated 2.37% from a day low at £198.30 to a day high of £203.00.
30 day high of the IPF.L stock price was £220.00 and low was £191.60.
90 day high was £227.20 and low was £188.90.
52 week high for the SPDR(R) S&P(R) INTERNATIONAL FINANCIAL SECTOR ETF - £258.80 and low - £165.80.
Given the current horizontal trend you can expect SPDR(R) S&P(R) INTERNATIONAL FINANCIAL SECTOR ETF with 90% probability to be traded between £189.01 and £218.64 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. SPDR(R) S&P(R) INTERNATIONAL FINANCIAL SECTOR ETF holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at £209.21. On a fall, the stock will find some support from the short-term average at £197.90. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Wednesday February 13, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 34 and the stock is currently not being overbought or oversold
Support & Resistance
SPDR(R) S&P(R) INTERNATIONAL FINANCIAL SECTOR ETF finds support from accumulated volume at £198.30.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £4.70 between high and low, or 2.37%. For the last week, the stock has had a daily average volatility of 4.66%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
SPDR(R) S&P(R) INTERNATIONAL FINANCIAL SECTOR ETF 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 stock.