SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF Forecast and Stock Analysis
Technical XAR.L stock analysis for March 18, 2019.
|Shorts||0.51% ( 2013-01-15 )|
SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF gained 8.04% in the last trading day, rising from £112.00 to £121.00 The price has fallen in 6 of the last 10 days and is down by -16.95% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 161 916 more shares were traded than the day before. In total, 323 284 shares bought and sold for approximately £39.12 million.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the XAR.L stock was £121.00. This is 8.04% more than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 7.65% from a day low at £112.40 to a day high of £121.00.
30 day high of the XAR.L stock price was £155.00 and low was £112.00.
90 day high was £169.40 and low was £112.00.
52 week high for the SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF - £375.00 and low - £112.00.
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 -17.28% during the next 3 months and, with 90% probability hold a price between £92.24 and £117.73 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday March 15, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at £122.11 and £143.99. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 23 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF finds support from accumulated volume at £118.20.
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 £8.60 between high and low, or 7.65%. For the last week, the stock has had a daily average volatility of 5.16%.
SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
Evaluation: Sell Candidate
SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.