SPDR(R) S&P(R) TRANSPORTATION SPDR(R) ETF Forecast
SPDR(R) S&P(R) TRANSPORTATION SPDR(R) ETF price ended at $77.27 on Friday, after losing 1.26%.
(Updated on Apr 26, 2024)
The SPDR(R) S&P(R) TRANSPORTATION SPDR(R) ETF price fell by -1.26% on the last day (Friday, 26th Apr 2024) from $78.25 to $77.27. During the last trading day the ETF fluctuated 0.85% from a day low at $77.06 to a day high of $77.71. The price has fallen in 6 of the last 10 days and is down by -3.31% for this period. Volume has increased on the last day by 389 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, 5 thousand shares were bought and sold for approximately $390.43 thousand.
The ETF lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $76.26 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -2.79% during the next 3 months and, with a 90% probability hold a price between $74.13 and $81.65 at the end of this 3-month period.
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XTN Signals & Forecast
There are few to no technical positive signals at the moment. The SPDR(R) S&P(R) TRANSPORTATION 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 $78.26 and $80.99. 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 23, 2024, and so far it has fallen -3.21%. 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). SPDR(R) S&P(R) TRANSPORTATION SPDR(R) gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
A sell signal from a double top formation was found on Thursday, March 28, 2024 with a target of $78.62. Despite whether the objective of the signal formation has been reached the ETF may continue to fall.
Support, Risk & Stop-loss for SPDR(R) S&P(R) TRANSPORTATION 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 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 $0.655 between high and low, or 0.85%. For the last week, the ETF has had daily average volatility of 1.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XTN) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect SPDR(R) S&P(R) TRANSPORTATION ETF SPDR(R) S&P(R) TRANSPORTATION ETF to open at $77.34, and during the day (based on 14 day Average True Range), to move between $75.87 and $78.67, which gives a possible trading interval of +/-$1.40 (+/-1.81%) up or down from last closing price. If SPDR(R) S&P(R) TRANSPORTATION ETF SPDR(R) S&P(R) TRANSPORTATION ETF takes out the full calculated possible swing range there will be an estimated 3.62% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $82.39, some $5.12 (6.63%) from the current price of $77.27, our system finds the risk reward not very attractive.
Is SPDR(R) S&P(R) TRANSPORTATION ETF SPDR(R) S&P(R) TRANSPORTATION ETF ETF A Buy?
SPDR(R) S&P(R) TRANSPORTATION SPDR(R) holds several negative signals and is within a wide and 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: -4.292 Sell Candidate Unchanged
Predicted Opening Price for SPDR(R) S&P(R) TRANSPORTATION ETF SPDR(R) S&P(R) TRANSPORTATION ETF of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $77.34 ( 0.0997%) | $77.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XTN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 78.00 | 0.95 % | |
| R2 | 77.75 | 0.623 % | ||
| R1 | 77.59 | 0.423 % | ||
| Current price: | 77.27 | |||
| Support | S1 | 77.09 | -0.224 % | |
| S2 | 76.94 | -0.424 % | ||
| S3 | 76.69 | -0.747 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 83.05 | 7.48 % | |
| R2 | 82.55 | 6.84 % | ||
| R1 | 82.39 | 6.63 % | ||
| Current price | 77.27 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
XTN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 21, 2024 | $0.204 | 0.246% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.135 | 0.163% |
| 3 | Jan 26, 2023 | Sep 18, 2023 | Sep 21, 2023 | $0.187 | 0.248% |
| 4 | Jan 26, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.118 | 0.150% |
| 5 | Jan 26, 2023 | Mar 20, 2023 | Mar 23, 2023 | $0.173 | 0.253% |
FAQ
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