BlueStar TA-BIGITech Israel Technology ETF Forecast
Red day on Monday for BlueStar TA-BIGITech Israel Technology ETF after losing 2.09%
(Updated on Apr 15, 2024)
The BlueStar TA-BIGITech Israel Technology ETF price fell by -2.09% on the last day (Monday, 15th Apr 2024) from $44.82 to $43.88. It has now fallen 5 days in a row. During the last trading day the ETF fluctuated 3.76% from a day low at $43.88 to a day high of $45.53. The price has fallen in 7 of the last 10 days and is down by -9.34% for this period. Volume has increased on the last day by 10 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 13 thousand shares were bought and sold for approximately $552.05 thousand.
Given the current short-term trend, the ETF is expected to rise 2.88% during the next 3 months and, with a 90% probability hold a price between $45.14 and $51.41 at the end of this 3-month period.
ITEQ Signals & Forecast
There are few to no technical positive signals at the moment. The BlueStar TA-BIGITech Israel Technology ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. 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. On corrections up, there will be some resistance from the lines at $46.00 and $47.53. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -10.58%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). BlueStar TA-BIGITech Israel Technology gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for BlueStar TA-BIGITech Israel Technology ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $1.65 (3.76%) between high and low. For the last week, the ETF has had daily average volatility of 1.66%.
BlueStar TA-BIGITech Israel Technology is oversold on RSI14 (17). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ITEQ) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect BlueStar TA-BIGITech Israel Technology ETF to open at $44.43, and during the day (based on 14 day Average True Range), to move between $43.11 and $44.65, which gives a possible trading interval of +/-$0.773 (+/-1.76%) up or down from last closing price. If BlueStar TA-BIGITech Israel Technology ETF takes out the full calculated possible swing range there will be an estimated 3.52% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $45.13, some $1.25 (2.86%) from the current price of $43.88, our system finds the risk reward not very attractive.
Is BlueStar TA-BIGITech Israel Technology ETF ETF A Buy?
The BlueStar TA-BIGITech Israel Technology ETF holds several negative signals and despite the positive trend, we believe BlueStar TA-BIGITech Israel Technology will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -1.789 Sell Candidate Unchanged
Predicted Opening Price for BlueStar TA-BIGITech Israel Technology ETF of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $44.43 ( 1.25%) | $43.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ITEQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.08 | 5.01 % | |
| R2 | 45.45 | 3.58 % | ||
| R1 | 45.06 | 2.69 % | ||
| Current price: | 43.88 | |||
| Support | S1 | 43.80 | -0.183 % | |
| S2 | 43.41 | -1.07 % | ||
| S3 | 42.78 | -2.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.40 | 10.30 % | |
| R2 | 46.03 | 4.90 % | ||
| R1 | 45.13 | 2.86 % | ||
| Current price | 43.88 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
ITEQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2021 | Mar 23, 2021 | Mar 25, 2021 | $0.0500 | 0.0779% |
| 2 | Dec 11, 2020 | Dec 14, 2020 | Dec 16, 2020 | $0.390 | 0.602% |
| 3 | Sep 19, 2019 | Sep 20, 2019 | Sep 24, 2019 | $0.0100 | 0.0248% |
| 4 | Dec 21, 2018 | Dec 24, 2018 | Dec 27, 2018 | $0.0920 | 0.298% |
| 5 | Dec 22, 2017 | Dec 26, 2017 | Dec 28, 2017 | $0.172 | 0.542% |
FAQ
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