SPDR(R) S&P(R) SEMICONDUCTOR SPDR(R) ETF Forecast

SPDR(R) S&P(R) SEMICONDUCTOR SPDR(R) ETF price ended at $210.17 on Thursday, after losing 1.99%.
(Updated on Apr 18, 2024)

XSD Signals & Forecast

There are few to no technical positive signals at the moment. 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 $220.45 and $226.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -10.71%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for SPDR(R) S&P(R) SEMICONDUCTOR SPDR(R) ETF

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

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 $4.22 (2.01%) between high and low. For the last week, the ETF has had daily average volatility of 2.53%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (XSD) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect SPDR(R) S&P(R) SEMICONDUCTOR ETF SPDR(R) S&P(R) SEMICONDUCTOR ETF to open at $211.51, and during the day (based on 14 day Average True Range), to move between $204.38 and $215.96, which gives a possible trading interval of +/-$5.79 (+/-2.75%) 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 5.51% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $220.29, some $10.12 (4.82%) from the current price of $210.17, our system finds the risk reward not very attractive.

Is SPDR(R) S&P(R) SEMICONDUCTOR ETF SPDR(R) S&P(R) SEMICONDUCTOR ETF ETF A Buy?

The SPDR(R) S&P(R) SEMICONDUCTOR SPDR(R) ETF holds several negative signals and despite the positive trend, we believe SPDR(R) S&P(R) SEMICONDUCTOR SPDR(R) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -3.127 Sell Candidate Unchanged

Predicted Opening Price for SPDR(R) S&P(R) SEMICONDUCTOR ETF SPDR(R) S&P(R) SEMICONDUCTOR ETF of Friday, April 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.