SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF Stock Forecast
On Wednesday, SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF stock price gained an impressive 5.80%
(Updated on Apr 24, 2024)
The SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF stock price gained 5.80% on the last trading day (Wednesday, 24th Apr 2024), rising from £112.00 to £118.50. During the last trading day the stock fluctuated 3.32% from a day low at £114.69 to a day high of £118.50. The price has risen in 6 of the last 10 days and is up by 7.73% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 102 thousand more shares were traded than the day before. In total, 111 thousand shares were bought and sold for approximately £13.11 million.
The stock lies in the middle of a very 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 4.46% during the next 3 months and, with a 90% probability hold a price between £107.29 and £140.97 at the end of this 3-month period.
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XAR.L Signals & Forecast
Mostly positive signals in the chart today. The SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF 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 £114.50 and £109.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 16.75%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF stock
On the downside, the stock finds support just below today's level from accumulated volume at £109.00 and £107.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF finds support just below today's level at £109.00. If this is broken, then the next support from accumulated volume will be at £107.50 and £105.00.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £3.81 between high and low, or 3.32%. For the last week, the stock has had daily average volatility of 2.66%.
Our recommended stop-loss: £114.16 (-3.66%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (XAR.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF to open at £117.23, and during the day (based on 14 day Average True Range), to move between £113.68 and £123.32, which gives a possible trading interval of +/-£4.82 (+/-4.06%) up or down from last closing price. If SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF takes out the full calculated possible swing range there will be an estimated 8.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £122.50 (3.38%) than the support at £109.00 (8.02%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF stock A Buy?
SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 6.107 Strong Buy Candidate Upgraded
Predicted Opening Price for SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
£117.23 ( 1.07%) | £118.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XAR.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 121.04 | 2.14 % | |
R2 | 119.59 | 0.92 % | ||
R1 | 118.69 | 0.157 % | ||
Current price: | 118.50 | |||
Support | S1 | 115.77 | -2.30 % | |
S2 | 114.87 | -3.06 % | ||
S3 | 113.42 | -4.29 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 130.50 | 10.13 % | |
R2 | 129.00 | 8.86 % | ||
R1 | 122.50 | 3.38 % | ||
Current price | 118.50 | |||
Support | S1 | 109.00 | -8.02% | |
S2 | 107.50 | -9.28% | ||
S3 | 105.00 | -11.39% |
XAR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 05, 2018 | Sep 13, 2018 | Oct 12, 2018 | £1.00 | 0.647% |
2 | Mar 21, 2018 | May 31, 2018 | Jun 29, 2018 | £6.80 | 2.84% |
3 | Sep 06, 2017 | Sep 14, 2017 | Oct 12, 2017 | £3.40 | 0.739% |
4 | Mar 22, 2017 | May 25, 2017 | Jun 26, 2017 | £6.70 | 1.86% |
5 | Aug 24, 2016 | Sep 01, 2016 | Sep 30, 2016 | £3.30 | 0.660% |
FAQ
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