SPDR(R) BLOOMBERG BARCLAYS SHORT TERM Stock Forecast
SPDR(R) BLOOMBERG BARCLAYS SHORT TERM stock price ended at £1,335.00 on Wednesday, after gaining 0.376%.
(Updated on Apr 17, 2024)
The SPDR(R) BLOOMBERG BARCLAYS SHORT TERM stock price gained 0.376% on the last trading day (Wednesday, 17th Apr 2024), rising from £1,330.00 to £1,335.00. During the last trading day the stock fluctuated 3.79% from a day low at £1,300.66 to a day high of £1,350.00. The price has risen in 5 of the last 10 days and is up by 2.69% over the past 2 weeks. Volume fell on the last day by -32 thousand shares and in total, 17 thousand shares were bought and sold for approximately £22.50 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.02% during the next 3 months and, with a 90% probability hold a price between £1,248.44 and £1,324.73 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.
SST.L Signals & Forecast
Mostly positive signals in the chart today. The SPDR(R) BLOOMBERG BARCLAYS SHORT TERM stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 £1,322.14 and £1,313.50. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 4.30%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Wednesday, April 10, 2024 in the long-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.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, April 10, 2024 in the long-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.
A sell signal from a double top formation was found on Friday, March 01, 2024 with a target of £1,345.56. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for SPDR(R) BLOOMBERG BARCLAYS SHORT TERM stock
SPDR(R) BLOOMBERG BARCLAYS SHORT TERM finds support from accumulated volume at £1,330.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £49.34 between high and low, or 3.79%. For the last week the stock has had daily average volatility of 2.53%.
Our recommended stop-loss: £1,274.14 (-4.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (SST.L) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect SPDR(R) BLOOMBERG BARCLAYS SHORT TERM TREASURY ETF to open at £1,328.55, and during the day (based on 14 day Average True Range), to move between £1,305.57 and £1,364.43, which gives a possible trading interval of +/-£29.43 (+/-2.20%) up or down from last closing price. If SPDR(R) BLOOMBERG BARCLAYS SHORT TERM TREASURY ETF takes out the full calculated possible swing range there will be an estimated 4.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £1,330.00 (0.37%) than the resistance at £1,345.00 (0.75%), 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) BLOOMBERG BARCLAYS SHORT TERM TREASURY ETF stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.768 Buy Candidate Unchanged
Predicted Opening Price for SPDR(R) BLOOMBERG BARCLAYS SHORT TERM TREASURY ETF of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| £1,328.55 ( 0.483%) | £1,335.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SST.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,377.89 | 3.21 % | |
| R2 | 1,359.05 | 1.80 % | ||
| R1 | 1,347.40 | 0.93 % | ||
| Current price: | 1,335.00 | |||
| Support | S1 | 1,309.71 | -1.89 % | |
| S2 | 1,298.06 | -2.77 % | ||
| S3 | 1,279.21 | -4.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,365.00 | 2.25 % | |
| R2 | 1,350.00 | 1.12 % | ||
| R1 | 1,345.00 | 0.749 % | ||
| Current price | 1,335.00 | |||
| Support | S1 | 1,330.00 | -0.375% | |
| S2 | 1,295.00 | -3.00% | ||
| S3 | 1,280.00 | -4.12% |
SST Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | £0.130 | 0.0105% |
| 2 | Oct 28, 2022 | Dec 01, 2022 | Jan 13, 2023 | £1.00 | 0.0837% |
| 3 | Oct 21, 2021 | Dec 02, 2021 | Jan 14, 2022 | £11.50 | 1.00% |
| 4 | Nov 02, 2020 | Dec 03, 2020 | Jan 15, 2021 | £11.50 | 0.0118% |
| 5 | Oct 15, 2019 | Dec 05, 2019 | Jan 17, 2020 | £11.50 | 1.13% |
FAQ
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