SPDR(R) S&P(R) SEMICONDUCTOR SPDR(R) ETF Forecast
SPDR(R) S&P(R) SEMICONDUCTOR SPDR(R) ETF price up 0.359% on Thursday
(Updated on Mar 28, 2024)
The SPDR(R) S&P(R) SEMICONDUCTOR SPDR(R) ETF price gained 0.359% on the last trading day (Thursday, 28th Mar 2024), rising from $231.27 to $232.10. During the last trading day the ETF fluctuated 1.30% from a day low at $231.13 to a day high of $234.13. The price has fallen in 6 of the last 10 days but is still up by 4.76% over the past 2 weeks. Volume fell on the last day by -14 thousand shares and in total, 19 thousand shares were bought and sold for approximately $4.32 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The 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 ETF is expected to rise 7.28% during the next 3 months and, with a 90% probability hold a price between $236.01 and $261.98 at the end of this 3-month period.
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XSD Signals & Forecast
The SPDR(R) S&P(R) SEMICONDUCTOR SPDR(R) ETF 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 $227.53 and $224.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 6.42%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $232.05 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 $3.00 (1.30%) between high and low. For the last week, the ETF has had daily average volatility of 1.72%.
Our recommended stop-loss: $223.16 (-3.85%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (XSD) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect SPDR(R) S&P(R) SEMICONDUCTOR ETF SPDR(R) S&P(R) SEMICONDUCTOR ETF to open at $232.45, and during the day (based on 14 day Average True Range), to move between $226.86 and $237.34, which gives a possible trading interval of +/-$5.24 (+/-2.26%) 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 4.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $232.05 (0.02%) than the resistance at $233.03 (0.40%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for SPDR(R) S&P(R) SEMICONDUCTOR SPDR(R) ETF to perform well in the short-term.
Current score: 3.999 Buy Candidate Unchanged
Predicted Opening Price for SPDR(R) S&P(R) SEMICONDUCTOR ETF SPDR(R) S&P(R) SEMICONDUCTOR ETF of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$232.45 ( 0.152%) | $232.10 |
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 | 235.45 | 1.44 % | |
R2 | 234.31 | 0.95 % | ||
R1 | 233.60 | 0.646 % | ||
Current price: | 232.10 | |||
Support | S1 | 231.31 | -0.342 % | |
S2 | 230.60 | -0.647 % | ||
S3 | 229.45 | -1.14 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 240.14 | 3.46 % | |
R2 | 233.45 | 0.582 % | ||
R1 | 233.03 | 0.401 % | ||
Current price | 232.10 | |||
Support | S1 | 232.05 | -0.0215% | |
S2 | 220.95 | -4.80% | ||
S3 | 220.29 | -5.09% |
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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