SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF Forecast and Stock Analysis
Technical XAR.L stock analysis for Friday May 17, 2019.
|Shorts||0.51% ( 2013-01-15 )|
|Price to book||GBP 3.94|
|Next Earnings Date||n/a|
SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF gained 1.63% in the last trading day ( Friday, 17th May 2019 ), rising from £98.40 to £100.00 During day the stock fluctuated 2.85% from a day low at £98.20 to a day high of £101.00. The price has been going up and down for this period, and there has been a -5.21% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 12 953 more shares were traded than the day before. In total, 83 770 shares bought and sold for approximately £8.38 million.
- 30 day high of the XAR.L stock price was £115.50 and low was £94.40.
- 90 day high was £155.00 and low was £84.00.
- 52 week high for the SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF - £375.00 and low - £84.00.
SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF lies in the middle of a very wide and 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 -33.06% during the next 3 months and, with 90% probability hold a price between £42.13 and £74.31 at the end of this period.
SPDR(R) S&P(R) AEROSPACE & DEFENSE 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 £106.95. On a fall, the stock will find some support from the long-term average at approximately £99.97. 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. A buy signal was issued from a pivot bottom point on Thursday May 16, 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. Despite all the positive signals in the chart we there to be so much uncertainty and risk that we cannot recommend this stock yet.
Relative Strength Index (RSI)
RSI14 is 52 and the stock is currently not being overbought or oversold
Support & Resistance
SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF finds support from accumulated volume at £98.10.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £2.80 between high and low, or 2.85%. For the last week, the stock has had a daily average volatility of 4.07%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
4.07 %Average volatility
Very Low Low Medium High Very High
SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF 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.
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