Cyber Security and BeyondLSE ISPY ETF
London Stock Exchange - L&G Cyber Security - Exchange-traded fund - Weekly view
In the post-COVID-19 scenario, the global cybersecurity market size is projected to grow from USD 217.9 Billion (£159.3 billion) in 2021 to USD 345.4 Billion / £252.5 billion by 2026, recording a Compound Annual Growth Rate (CAGR) of 9.7% from 2021 to 2026. The market's growth can be attributed to the increasing awareness and rising investments in cybersecurity infrastructure across global organisations operating across verticals.
Source: www.globenewswire.com
- ISPY ETF on the LSE since the start of 2020 (644 days) has grown by 85%.
- Time for profit has decreased across this year from 133 days to 63 days (blue) with time of consolidation remaining fairly level (red).
- 50 simple moving average & 200 simple moving average remain very healthy.
- Oscillator is in a flat top ascending triangle (bullish indicator).
- Buy and Sell cloud remains equal with no changes to ATH and lows.
Conclusion
Cyber security is a growing profession and market, as technology progresses so will online trading (stocks, index, futures crypto etc).
With development comes stability, with stability comes confidence, with confidence comes economical enhancement.
Value of ISPY is still very low (less than £20 / $27.36 (as of 15.10.21 at 0723). Whether you are a new to trading or a grounded professional. ISPY would be worth adding to your portfolio.
LSE requires full purchase of stocks.
US/Forex allows for fractional stocks.
