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Previous Hold Today SPLB ranks #2691 as HOLD CANDIDATE #2691 Next Hold

SPDR(R) PORTFOLIO LONG TERM CORPORATE BOND ETF SPDR(R) PORTFOLIO LONG TERM CORPORATE BOND ETF stock forecast

SPLB stock forecast

Wednesday June 19, 2019 Change 0.74% Price $28.40
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will SPLB stock price go up or down on Thu, 20 Jun 2019?

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SPDR(R) PORTFOLIO LONG TERM CORPORATE BOND ETF SPDR(R) PORTFOLIO LONG TERM CORPORATE BOND ETF Forecast and Stock Analysis

Technical SPLB stock analysis for Wednesday June 19, 2019.

Hold candidate since 2019-06-17 Gain 1.72%


SPDR(R) PORTFOLIO LONG TERM CORPORATE BOND ETF SPDR(R) PORTFOLIO LONG TERM CORPORATE BOND ETF gained 0.74% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $28.19 to $28.40 , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During day the stock fluctuated 1.21% from a day low at $28.07 to a day high of $28.41. The price has risen in 8 of the last 10 days and is up by 3.12% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 89 191 more shares were traded than the day before. In total, 482 963 shares bought and sold for approximately $13.72 million.

Quick summary:

  • 30 day high of the SPLB stock price was $28.41 and low was $27.07.
  • 90 day high was $28.41 and low was $26.50.
  • 52 week high for the SPDR(R) PORTFOLIO LONG TERM CORPORATE BOND ETF SPDR(R) PORTFOLIO LONG TERM CORPORATE BOND ETF - $28.41 and low - $24.80.

Trend

SPDR(R) PORTFOLIO LONG TERM CORPORATE BOND ETF SPDR(R) PORTFOLIO LONG TERM CORPORATE BOND ETF has broken the narrow and weak rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $28.08, a level that may pose a second chance to hit a runner. According to fan-theory $28.72 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

Click here for today's Top 5 Trending Companies

Signals

SPDR(R) PORTFOLIO LONG TERM CORPORATE BOND ETF SPDR(R) PORTFOLIO LONG TERM CORPORATE BOND ETF holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $27.96 and $27.42. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday May 02, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

The stock had a Golden Star Signal* on Thursday January 17, 2019 in the medium-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

The stock holds a RSI14 at 80 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

SPDR(R) PORTFOLIO LONG TERM CORPORATE BOND ETF SPDR(R) PORTFOLIO LONG TERM CORPORATE BOND ETF finds support from accumulated volume at $27.58.

Support: $27.58 Price: $28.40

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 $0.34 (1.21%) between high and low. For the last week, the stock has had a daily average volatility of 0.53%.

The stock is extremely overbought on RSI14 (80). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the SPDR(R) PORTFOLIO LONG TERM CORPORATE BOND ETF SPDR(R) PORTFOLIO LONG TERM CORPORATE BOND ETF has been rising for 6 days in a row, the risk for the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.

Our recommended stoploss: $27.25 (-4.06%) (This stock has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from pivot bottom found 33 days ago.)

0.53 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

SPDR(R) PORTFOLIO LONG TERM CORPORATE BOND ETF SPDR(R) PORTFOLIO LONG TERM CORPORATE BOND 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.

Previous Hold Today SPLB ranks #2691 as HOLD CANDIDATE #2691 Next Hold

Will SPLB stock price go up or down on Thu, 20 Jun 2019?

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