THE FINANCIAL SELECT SECTOR SPDR FUND ETF Forecast
Red day on Friday for THE FINANCIAL SELECT SECTOR SPDR FUND
(Updated on Apr 26, 2024)
The THE FINANCIAL SELECT SECTOR SPDR FUND ETF price fell by -0.147% on the last day (Friday, 26th Apr 2024) from $40.88 to $40.82. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.798% from a day low at $40.72 to a day high of $41.05. The price has been going up and down for this period, and there has been a 1.84% gain for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -14 million shares and in total, 36 million shares were bought and sold for approximately $1.45 billion.
The ETF lies in the middle of a 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 5.60% during the next 3 months and, with a 90% probability hold a price between $42.14 and $45.25 at the end of this 3-month period.
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XLF Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.05%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The THE FINANCIAL SELECT SECTOR SPDR FUND ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $41.01. On a fall, the ETF will find some support from the short-term average at $40.72. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 THE FINANCIAL SELECT SECTOR SPDR FUND ETF
THE FINANCIAL SELECT SECTOR SPDR FUND finds support from accumulated volume at $40.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.325 between high and low, or 0.798%. For the last week the ETF has had daily average volatility of 1.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XLF) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect THE FINANCIAL SELECT SECTOR SPDR FUND THE FINANCIAL SELECT SECTOR SPDR FUND to open at $40.86, and during the day (based on 14 day Average True Range), to move between $40.32 and $41.32, which gives a possible trading interval of +/-$0.496 (+/-1.21%) up or down from last closing price. If THE FINANCIAL SELECT SECTOR SPDR FUND THE FINANCIAL SELECT SECTOR SPDR FUND takes out the full calculated possible swing range there will be an estimated 2.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $40.83 (0.02%) than the support at $40.10 (1.76%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is THE FINANCIAL SELECT SECTOR SPDR FUND THE FINANCIAL SELECT SECTOR SPDR FUND ETF A Buy?
THE FINANCIAL SELECT SECTOR SPDR FUND holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -1.905 Sell Candidate Unchanged
Predicted Opening Price for THE FINANCIAL SELECT SECTOR SPDR FUND THE FINANCIAL SELECT SECTOR SPDR FUND of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $40.86 ( 0.102%) | $40.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XLF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.19 | 0.90 % | |
| R2 | 41.06 | 0.594 % | ||
| R1 | 40.99 | 0.406 % | ||
| Current price: | 40.82 | |||
| Support | S1 | 40.74 | -0.202 % | |
| S2 | 40.66 | -0.390 % | ||
| S3 | 40.54 | -0.694 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.89 | 2.62 % | |
| R2 | 40.87 | 0.122 % | ||
| R1 | 40.83 | 0.0245 % | ||
| Current price | 40.82 | |||
| Support | S1 | 40.10 | -1.76% | |
| S2 | 40.08 | -1.81% | ||
| S3 | 39.86 | -2.35% |
XLF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 21, 2024 | $0.153 | 0.364% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.184 | 0.493% |
| 3 | Jan 13, 2023 | Sep 18, 2023 | Sep 21, 2023 | $0.155 | 0.457% |
| 4 | Jan 13, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.150 | 0.458% |
| 5 | Jan 13, 2023 | Mar 20, 2023 | Mar 23, 2023 | $0.153 | 0.493% |
FAQ
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