SPDR(R) S&P(R) INTERNATIONAL FINANCIAL Stock Forecast
Red day on Thursday for SPDR(R) S&P(R) INTERNATIONAL FINANCIAL stock after losing 1.86%
(Updated on Apr 25, 2024)
The SPDR(R) S&P(R) INTERNATIONAL FINANCIAL stock price fell by -1.86% on the last day (Thursday, 25th Apr 2024) from £107.50 to £105.50. During the last trading day the stock fluctuated 4.32% from a day low at £103.53 to a day high of £108.00. The price has been going up and down for this period, and there has been a 1.44% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -49 thousand shares and in total, 202 thousand shares were bought and sold for approximately £21.36 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 £106.62 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 -13.71% during the next 3 months and, with a 90% probability hold a price between £79.88 and £92.00 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
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.46%. Further rise is indicated until a new top pivot has been found. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £108.59. On a fall, the stock will find some support from the short-term average at £103.21. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A buy signal from a double bottom formation was found on Friday, April 19, 2024 with a target of £104.66. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
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 £103.50 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 £4.47 between high and low, or 4.32%. For the last week, the stock has had daily average volatility of 3.23%.
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 Friday 26th
For the upcoming trading day on Friday, 26th we expect SPDR(R) S&P(R) INTERNATIONAL FINANCIAL SECTOR ETF to open at £105.68, and during the day (based on 14 day Average True Range), to move between £101.90 and £109.10, which gives a possible trading interval of +/-£3.60 (+/-3.41%) 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 6.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £103.50 (1.90%) than the resistance at £109.50 (3.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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 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.
Current score: -1.857 Sell Candidate Unchanged
Predicted Opening Price for SPDR(R) S&P(R) INTERNATIONAL FINANCIAL SECTOR ETF of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £105.68 ( 0.167%) | £105.50 |
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 | 110.15 | 4.40 % | |
| R2 | 108.44 | 2.79 % | ||
| R1 | 107.38 | 1.79 % | ||
| Current price: | 105.50 | |||
| Support | S1 | 103.97 | -1.45 % | |
| S2 | 102.91 | -2.45 % | ||
| S3 | 101.21 | -4.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 112.00 | 6.16 % | |
| R2 | 111.50 | 5.69 % | ||
| R1 | 109.50 | 3.79 % | ||
| Current price | 105.50 | |||
| Support | S1 | 103.50 | -1.90% | |
| S2 | 102.50 | -2.84% | ||
| S3 | 100.50 | -4.74% |
IPF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | May 10, 2024 | £7.20 | 6.82% |
| 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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