A quick look at today: with a daily low of $116.44, SPDR S&P Dividend ETF closed today at $117.34, after ending yesterday at $115.75 and gaining $1.59 (1.37%).
At the same time, United States API Weekly Crude Oil Stock came out at -1.27 million, while a consensus of analysts was expecting 1.55 million. United States TIC Net Long-Term Transactions (Aug) released today at 20:00 UTC with a figure of 197.9 billion, while the previous figure was 21.4 billion. United States Industrial Production improved upon its previous reading of -0.1% with a new data release of 0.4%.
Visual analysis of SPDR S&P Dividend ETF's chart shows that after reaching the known resistance zone beginning at $118.07, SPDR S&P Dividend ETF price action retreated approximately 73 cents. Technical analysis trend indicators suggest that investors are seeking long positions as SPDR S&P Dividend ETF price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Analysis based on the asset volatility indicates that SPDR S&P Dividend ETF's upper Bollinger band is at $118.61, this is a slight indication of a slowdown.
Overall, the technical outlook suggests SPDR S&P Dividend ETF is likely to remain muted for the immediate future, with no clear-cut direction.
SPDR S&P Dividend ETF shows positive signs, other assets are also on par: notably, Lockheed Martin rose 8.69% today and closed at $397.31. Raytheon Technologies went up by 3.42% today, and closed at $87.36.
At the same time, iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF moves 0.04% today and closed at $25.36.
Furthermore, the market is looking at tomorrow at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to 1.55 million from the preceding figure of 9.88 million.
Also worthy of note, United States Building Permits (Sep) scheduled to come out tomorrow at 12:30 UTC.
Approximately 2 months ago, SPDR S&P Dividend ETF reached a significant high of $132.34 but has struggled to hold onto its gains and declined 12.54% since then.