Credit Suisse AG ETF Forecast
Green day on Thursday for Credit Suisse AG
(Updated on Mar 28, 2024)
The Credit Suisse AG ETF price gained 0.660% on the last trading day (Thursday, 28th Mar 2024), rising from $148.52 to $149.50. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.503% from a day low at $149.00 to a day high of $149.75. The price has risen in 6 of the last 10 days and is up by 1.07% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately $561.37 thousand.
The ETF lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $149.98 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 3.59% during the next 3 months and, with a 90% probability hold a price between $148.44 and $155.37 at the end of this 3-month period.
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GLDI Signals & Forecast
The Credit Suisse AG ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $148.19 and $145.36. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 14, 2024, and so far it has risen 6.23%. Further rise is indicated until a new top pivot has been found. Credit Suisse AG has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Tuesday, January 30, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Tuesday, January 30, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for Credit Suisse AG ETF
Credit Suisse AG finds support from accumulated volume at $143.23 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 $0.750 between high and low, or 0.503%. For the last week the ETF has had daily average volatility of 0.424%.
Our recommended stop-loss: $142.63 (-4.59%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (GLDI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Credit Suisse AG to open at $149.42, and during the day (based on 14 day Average True Range), to move between $148.54 and $150.46, which gives a possible trading interval of +/-$0.96 (+/-0.64%) up or down from last closing price. If Credit Suisse AG takes out the full calculated possible swing range there will be an estimated 1.28% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $143.23, some $6.27 (4.19%) from the current price of $149.50, our system finds the risk reward attractive.
Is Credit Suisse AG ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Credit Suisse AG ETF to perform well in the short-term.
Current score: 4.170 Buy Candidate Unchanged
Predicted Opening Price for Credit Suisse AG of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$149.42 ( 0.0558%) | $149.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLDI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 150.17 | 0.446 % | |
R2 | 149.88 | 0.254 % | ||
R1 | 149.70 | 0.136 % | ||
Current price: | 149.50 | |||
Support | S1 | 149.13 | -0.247 % | |
S2 | 148.95 | -0.366 % | ||
S3 | 148.67 | -0.557 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 149.50 | |||
Support | S1 | 143.23 | -4.19% | |
S2 | 142.69 | -4.56% | ||
S3 | 142.11 | -4.94% |
GLDI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 06, 2024 | Mar 19, 2024 | Mar 25, 2024 | $0.603 | 0.408% |
2 | Feb 20, 2024 | Feb 20, 2024 | Feb 26, 2024 | $0.86 | 0.605% |
3 | Jan 05, 2024 | Jan 19, 2024 | Jan 25, 2024 | $1.02 | 0.718% |
4 | Dec 05, 2023 | Dec 19, 2023 | Dec 27, 2023 | $0.579 | 0.397% |
5 | Nov 03, 2023 | Nov 20, 2023 | Nov 27, 2023 | $1.52 | 1.07% |
FAQ
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