SPDR(R) S&P(R) SOFTWARE & SERVICES ETF Forecast
SPDR(R) S&P(R) SOFTWARE & SERVICES ETF price down 2.61% on Monday
(Updated on Apr 15, 2024)
The SPDR(R) S&P(R) SOFTWARE & SERVICES ETF price fell by -2.61% on the last day (Monday, 15th Apr 2024) from $147.61 to $143.76. During the last trading day the ETF fluctuated 2.91% from a day low at $143.76 to a day high of $147.95. The price has been going up and down for this period, and there has been a -6.37% loss for the last 2 weeks. Volume has increased on the last day by 6 thousand 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, 16 thousand shares were bought and sold for approximately $2.33 million.
The ETF has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $149.88 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
XSW Signals & Forecast
There are few to no technical positive signals at the moment. The SPDR(R) S&P(R) SOFTWARE & SERVICES 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 $149.97 and $152.52. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -7.84%. 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 rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for SPDR(R) S&P(R) SOFTWARE & SERVICES 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.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $4.19 between high and low, or 2.91%. For the last week the ETF has had daily average volatility of 1.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XSW) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect SPDR(R) S&P(R) SOFTWARE & SERVICES ETF to open at $145.16, and during the day (based on 14 day Average True Range), to move between $141.24 and $146.28, which gives a possible trading interval of +/-$2.52 (+/-1.75%) up or down from last closing price. If SPDR(R) S&P(R) SOFTWARE & SERVICES ETF takes out the full calculated possible swing range there will be an estimated 3.51% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $150.27, some $6.51 (4.53%) from the current price of $143.76, our system finds the risk reward not very attractive.
Is SPDR(R) S&P(R) SOFTWARE & SERVICES ETF ETF A Buy?
SPDR(R) S&P(R) SOFTWARE & SERVICES holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -3.035 Sell Candidate Unchanged
Predicted Opening Price for SPDR(R) S&P(R) SOFTWARE & SERVICES ETF of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $145.16 ( 0.97%) | $143.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XSW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 149.35 | 3.89 % | |
| R2 | 147.75 | 2.77 % | ||
| R1 | 146.76 | 2.08 % | ||
| Current price: | 143.76 | |||
| Support | S1 | 143.56 | -0.142 % | |
| S2 | 142.57 | -0.83 % | ||
| S3 | 140.97 | -1.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 156.17 | 8.63 % | |
| R2 | 154.57 | 7.52 % | ||
| R1 | 150.27 | 4.53 % | ||
| Current price | 143.76 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
XSW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.0360 | 0.0242% |
| 2 | Sep 18, 2023 | Sep 18, 2023 | Sep 18, 2023 | $0.100 | 0.0769% |
| 3 | Jan 26, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.104 | 0.0810% |
| 4 | Jan 26, 2023 | Mar 20, 2023 | Mar 23, 2023 | $0.0670 | 0.0577% |
| 5 | Jan 17, 2022 | Dec 19, 2022 | Dec 22, 2022 | $0.0680 | 0.0635% |
FAQ
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