SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF Stock Analysis
Technical stock analysis for 22 January 2019
|Shorts||0.51% ( 2013-01-15 )|
No changes to the price of SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF in the last trading day. The price has been going up and down for this period, and there has been a -2.04% loss for the last 2 weeks.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the XAR.L stock was £153.80.
During day the stock fluctuated 0.00% from a day low at £153.80 to a day high of £153.80.
30 day high of the XAR.L stock price was £163.00 and low was £125.80.
90 day high was £169.40 and low was £125.80.
52 week high for the SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF - £395.00 and low - £125.80.
SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF lies in the middle of a wide and 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 5.58% during the next 3 months and, with 90% probability hold a price between £155.46 and £179.85 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday January 17, 2019, which indicates further gains until a new top pivot has been found. 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 £154.79 and £156.75. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 39 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 £151.50.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 1.18%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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The SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF stock holds several negative signals and despite the positive trend we believe SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.