Trading Expectations (SPY) For The Upcoming Trading Day Of Monday 20thįor the upcoming trading day on Monday, 20th we expect SPDR S&P 500 ETF to open at $390.98, and during the day (based on 14 day Average True Range), There is a buy signal from a pivot bottom found 4 days ago.) (This ETF has low daily movements and this gives low risk. For the last week the ETF has had daily average volatility of 1.97%. During the last day, the ETF moved $5.85 between high and low, or 1.51%. In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. SPY finds support from accumulated volume at $389.28 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. The ultimate guide for first-time investors: Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Further rise is indicated until a new top pivot has been found. A buy signal was issued from a pivot bottom point on Monday, March 13, 2023, and so far it has risen 1.20%. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A break-up above any of these levels will issue buy signals. On corrections up, there will be some resistance from the lines at $389.99 and $402.16. 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. The SPY ETF holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. There are mixed signals in the ETF today.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |