SDY.L - SPDR(R) S&P(R) DIVIDEND ETF

Exchange: XLON

SDY.L - SPDR(R) S&P(R) DIVIDEND ETF

Exchange: XLON
#1109()/7535

Wed 17'th Oct 2018

PERIOD 2018-07-18 - 2018-10-17
CHANGE -2.78%
PRICE £63.00
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

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SPDR(R) S&P(R) DIVIDEND ETF Stock Analysis

Technical stock analysis for Wed 17'th Oct 2018

Hold candidate since 2018-10-17
Shorts 0.00% ( 2015-02-02 )
Cash n/a
Loans n/a
Beta 0.86
ROA 6.78

SPDR(R) S&P(R) DIVIDEND ETF fell by -2.78% in the last day from £64.80 to £63.00 The price has fallen in 4 of the last 10 days and is down by -0.32% for this period. Volume has increased in the last day by 1.18 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.35 million shares bought and sold for approximately £84.77 million.

Trend

SPDR(R) S&P(R) DIVIDEND ETF lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.97% during the next 3 months and, with 90% probability hold a price between £63.26 and £69.80 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Tuesday October 16, 2018, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. SPDR(R) S&P(R) DIVIDEND ETF holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately £63.54. On a fall, the stock will find some support from the long-term average at approximately £62.10. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.

Access today's Top 5 Golden Star Companies

A buy signal from a double bottom formation was found on Monday October 15, 2018 and based on theory for this formation the price should go up by 1.13% to £63.33 within 2 trading days since signal was issued (Wednesday October 17, 2018).

Relative Strength Index (RSI)

RSI14 is 49 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

SPDR(R) S&P(R) DIVIDEND ETF finds support from accumulated volume at £62.60.

Support: £62.60 Price: £63.00 Resistance: £63.20

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £2.00 (3.17%) between high and low. For the last week, the stock has had a daily average volatility of 3.27%.

Our recommended stoploss: £60.34 (-4.23%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

SPDR(R) S&P(R) DIVIDEND ETF holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Hold/Accumulate

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