Robo-Stox Global Robotics and Automation ETF Forecast
Robo-Stox Global Robotics and Automation ETF upgraded to Buy Candidate.
(Updated on May 17, 2024)
The Robo-Stox Global Robotics and Automation ETF price fell by -0.262% on the last day (Friday, 17th May 2024) from $57.21 to $57.06. During the last trading day the ETF fluctuated 0.527% from a day low at $56.95 to a day high of $57.25. The price has risen in 6 of the last 10 days and is up by 2.18% over the past 2 weeks. Volume has increased on the last day by 66 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, 45 thousand shares were bought and sold for approximately $2.56 million.
The ETF lies the upper part of a wide and falling 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 $57.56 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -4.09% during the next 3 months and, with a 90% probability hold a price between $50.17 and $55.21 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ROBO Signals & Forecast
The Robo-Stox Global Robotics and Automation ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $57.10. On a fall, the ETF will find some support from the long-term average at approximately $55.80. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -1.01%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Robo-Stox Global Robotics and Automation ETF
Robo-Stox Global Robotics and Automation finds support from accumulated volume at $56.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.300 (0.527%) between high and low. For the last week, the ETF has had daily average volatility of 0.792%.
Our recommended stop-loss: $55.34 (-3.02%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (ROBO) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Robo-Stox Global Robotics and Automation Index ETF to open at $57.09, and during the day (based on 14 day Average True Range), to move between $56.37 and $57.75, which gives a possible trading interval of +/-$0.691 (+/-1.21%) up or down from last closing price. If Robo-Stox Global Robotics and Automation Index ETF takes out the full calculated possible swing range there will be an estimated 2.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $57.37 (0.54%) than the support at $56.62 (0.77%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Robo-Stox Global Robotics and Automation Index ETF ETF A Buy?
Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.734 Buy Candidate Upgraded
Predicted Opening Price for Robo-Stox Global Robotics and Automation Index ETF of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$57.09 ( 0.0467%) | $57.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ROBO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 57.39 | 0.572 % | |
R2 | 57.27 | 0.372 % | ||
R1 | 57.20 | 0.248 % | ||
Current price: | 57.06 | |||
Support | S1 | 56.97 | -0.154 % | |
S2 | 56.90 | -0.278 % | ||
S3 | 56.79 | -0.479 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 58.23 | 2.05 % | |
R2 | 57.41 | 0.613 % | ||
R1 | 57.37 | 0.543 % | ||
Current price | 57.06 | |||
Support | S1 | 56.62 | -0.771% | |
S2 | 55.85 | -2.12% | ||
S3 | 54.37 | -4.71% |
ROBO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 26, 2023 | Dec 26, 2023 | Dec 29, 2023 | $0.0282 | 0.0491% |
2 | Dec 27, 2021 | Dec 28, 2021 | Dec 31, 2021 | $0.123 | 0.175% |
3 | Dec 24, 2020 | Dec 28, 2020 | Dec 31, 2020 | $0.119 | 0.195% |
4 | Dec 23, 2019 | Dec 24, 2019 | Dec 31, 2019 | $0.156 | 0.371% |
5 | Dec 21, 2018 | Dec 24, 2018 | Dec 31, 2018 | $0.121 | 0.372% |
FAQ
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