SPDR(R) S&P(R) DIVIDEND ETF Forecast and Stock Analysis
Technical SDY.L stock analysis for February 18, 2019.
|Shorts||0.00% ( 2015-02-02 )|
SPDR(R) S&P(R) DIVIDEND ETF fell by -0.68% in the last day from £58.40 to £58.00 and has now fallen 3 days in a row. The price has risen in 5 of the last 10 days , but is still down by -0.34% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -1 032 046 shares and in total 57 314 shares bought and sold for approximately £3.32 million.
Close price at the end of the last trading day (Monday, 18th Feb 2019) of the SDY.L stock was £58.00. This is 0.68% less than the trading day before Friday, 15th Feb 2019.
During day the stock fluctuated 1.72% from a day low at £58.00 to a day high of £59.00.
30 day high of the SDY.L stock price was £61.40 and low was £57.00.
90 day high was £61.40 and low was £55.00.
52 week high for the SPDR(R) S&P(R) DIVIDEND ETF - £66.00 and low - £47.00.
SPDR(R) S&P(R) DIVIDEND ETF lies in the middle of a 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 2.27% during the next 3 months and, with 90% probability hold a price between £57.13 and £62.54 at the end of this period.
There are few to none technical positive signals at the moment. SPDR(R) S&P(R) DIVIDEND ETF holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at £58.83 and £58.66. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday February 08, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 39 and the stock is currently not being overbought or oversold
Support & Resistance
SPDR(R) S&P(R) DIVIDEND ETF finds support from accumulated volume at £57.60.
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 £1.00 (1.72%) between high and low. For the last week, the stock has had a daily average volatility of 1.85%.
Our recommended stoploss: £54.92 (-5.30%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 6 days ago.)
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SPDR(R) S&P(R) DIVIDEND ETF holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development.