SP Funds Dow Jones Global Sukuk ETF Price & Performance (SPSK)

The technical analysis for SPSK suggests a buying opportunity near the support level of $17.69, with a target of $18.01. A stop-loss at $17.64 is advised to limit potential losses. Resistance at $18.01 could trigger a short signal, targeting $17.69 with a stop-loss at $18.06.1

SPSK's resistance at $18.04 presents both risks and opportunities. A break above this level signals a long position with a target of $18.36, while failure to break resistance suggests a short opportunity targeting $17.69. Stop-loss levels are critical, set at $18.08 for shorts and $18 for longs.1

Day traders eyeing SPSK should consider buying above $18.04, aiming for $18.36, with a stop-loss at $18. Alternatively, shorting near $18.04 targets $17.69, with a stop-loss at $18.08. These strategies hinge on SPSK's ability to test and break resistance levels.1