THE FINANCIAL SELECT SECTOR SPDR FUND ETF Forecast
THE FINANCIAL SELECT SECTOR SPDR FUND ETF downgraded to Sell Candidate
(Updated on Apr 25, 2024)
The THE FINANCIAL SELECT SECTOR SPDR FUND ETF price fell by -0.559% on the last day (Thursday, 25th Apr 2024) from $41.11 to $40.88. During the last trading day the ETF fluctuated 1.25% from a day low at $40.53 to a day high of $41.03. The price has been going up and down for this period, and there has been a 0.59% gain for the last 2 weeks. Volume has increased on the last day by 16 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 50 million shares were bought and sold for approximately $2.03 billion.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 5.91% during the next 3 months and, with a 90% probability hold a price between $42.24 and $45.38 at the end of this 3-month period.
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XLF Signals & Forecast
There are mixed signals in the ETF today. The THE FINANCIAL SELECT SECTOR SPDR FUND ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $41.01. On a fall, the ETF will find some support from the short-term average at $40.56. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.21%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for THE FINANCIAL SELECT SECTOR SPDR FUND ETF
THE FINANCIAL SELECT SECTOR SPDR FUND finds support from accumulated volume at $40.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.505 (1.25%) between high and low. For the last week, the ETF has had daily average volatility of 1.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XLF) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect THE FINANCIAL SELECT SECTOR SPDR FUND THE FINANCIAL SELECT SECTOR SPDR FUND to open at $40.81, and during the day (based on 14 day Average True Range), to move between $40.37 and $41.39, which gives a possible trading interval of +/-$0.508 (+/-1.24%) up or down from last closing price. If THE FINANCIAL SELECT SECTOR SPDR FUND THE FINANCIAL SELECT SECTOR SPDR FUND takes out the full calculated possible swing range there will be an estimated 2.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $40.87 (0.02%) than the resistance at $41.20 (0.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is THE FINANCIAL SELECT SECTOR SPDR FUND THE FINANCIAL SELECT SECTOR SPDR FUND ETF A Buy?
THE FINANCIAL SELECT SECTOR SPDR FUND 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 ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Sell candidate.
Current score: -1.130 Sell Candidate Downgraded
Predicted Opening Price for THE FINANCIAL SELECT SECTOR SPDR FUND THE FINANCIAL SELECT SECTOR SPDR FUND of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $40.81 ( 0.167%) | $40.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XLF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.32 | 1.07 % | |
| R2 | 41.12 | 0.596 % | ||
| R1 | 41.00 | 0.305 % | ||
| Current price: | 40.88 | |||
| Support | S1 | 40.62 | -0.639 % | |
| S2 | 40.50 | -0.93 % | ||
| S3 | 40.31 | -1.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.89 | 2.47 % | |
| R2 | 41.56 | 1.66 % | ||
| R1 | 41.20 | 0.783 % | ||
| Current price | 40.88 | |||
| Support | S1 | 40.87 | -0.0245% | |
| S2 | 40.10 | -1.91% | ||
| S3 | 39.86 | -2.50% |
XLF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 21, 2024 | $0.153 | 0.364% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.184 | 0.493% |
| 3 | Jan 13, 2023 | Sep 18, 2023 | Sep 21, 2023 | $0.155 | 0.457% |
| 4 | Jan 13, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.150 | 0.458% |
| 5 | Jan 13, 2023 | Mar 20, 2023 | Mar 23, 2023 | $0.153 | 0.493% |
FAQ
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