SPDR(R) S&P(R) SEMICONDUCTOR SPDR(R) ETF Forecast
SPDR(R) S&P(R) SEMICONDUCTOR SPDR(R) ETF price up 2.02% on Tuesday
(Updated on Apr 23, 2024)
The SPDR(R) S&P(R) SEMICONDUCTOR SPDR(R) ETF price gained 2.02% on the last trading day (Tuesday, 23rd Apr 2024), rising from $206.62 to $210.79. During the last trading day the ETF fluctuated 2.32% from a day low at $207.43 to a day high of $212.24. The price has fallen in 6 of the last 10 days and is down by -10.45% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 28 thousand shares were bought and sold for approximately $5.85 million.
The ETF lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $203.74 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 2.01% during the next 3 months and, with a 90% probability hold a price between $207.85 and $247.50 at the end of this 3-month period.
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XSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.54%. Further rise is indicated 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. The SPDR(R) S&P(R) SEMICONDUCTOR SPDR(R) ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $211.93 and $224.97. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for SPDR(R) S&P(R) SEMICONDUCTOR SPDR(R) ETF
SPDR(R) S&P(R) SEMICONDUCTOR SPDR(R) finds support from accumulated volume at $210.68 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $4.81 between high and low, or 2.32%. For the last week, the ETF has had daily average volatility of 2.62%.
Our recommended stop-loss: $200.15 (-5.05%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (XSD) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect SPDR(R) S&P(R) SEMICONDUCTOR ETF SPDR(R) S&P(R) SEMICONDUCTOR ETF to open at $210.15, and during the day (based on 14 day Average True Range), to move between $204.95 and $216.63, which gives a possible trading interval of +/-$5.84 (+/-2.77%) up or down from last closing price. If SPDR(R) S&P(R) SEMICONDUCTOR ETF SPDR(R) S&P(R) SEMICONDUCTOR ETF takes out the full calculated possible swing range there will be an estimated 5.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $210.68 (0.05%) than the resistance at $214.35 (1.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SPDR(R) S&P(R) SEMICONDUCTOR ETF SPDR(R) S&P(R) SEMICONDUCTOR ETF ETF A Buy?
SPDR(R) S&P(R) SEMICONDUCTOR SPDR(R) holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.527 Hold/Accumulate Unchanged
Predicted Opening Price for SPDR(R) S&P(R) SEMICONDUCTOR ETF SPDR(R) S&P(R) SEMICONDUCTOR ETF of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $210.15 ( 0.303%) | $210.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 214.96 | 1.98 % | |
| R2 | 213.12 | 1.11 % | ||
| R1 | 211.99 | 0.568 % | ||
| Current price: | 210.79 | |||
| Support | S1 | 208.32 | -1.17 % | |
| S2 | 207.18 | -1.71 % | ||
| S3 | 205.35 | -2.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 232.05 | 10.09 % | |
| R2 | 220.29 | 4.51 % | ||
| R1 | 214.35 | 1.69 % | ||
| Current price | 210.79 | |||
| Support | S1 | 210.68 | -0.0522% | |
| S2 | 210.48 | -0.147% | ||
| S3 | 203.59 | -3.42% |
XSD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 21, 2024 | $0.0786 | 0.0344% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.192 | 0.0860% |
| 3 | Jan 26, 2023 | Sep 18, 2023 | Sep 21, 2023 | $0.141 | 0.0741% |
| 4 | Jan 26, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.152 | 0.0732% |
| 5 | Jan 26, 2023 | Mar 20, 2023 | Mar 23, 2023 | $0.218 | 0.106% |
FAQ
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