Hamborner Reit Ag ETF Forecast

Red day on Wednesday for Hamborner Reit Ag
(Updated on Jun 19, 2024)

0MCG.L Signals & Forecast

There are few to no technical positive signals at the moment. The Hamborner Reit Ag 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 £6.50 and £6.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -4.15%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Hamborner Reit Ag ETF

Hamborner Reit Ag finds support from accumulated volume at £6.45 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved £0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 1.30%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (0MCG.L) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Hamborner Reit Ag to open at £6.46, and during the day (based on 14 day Average True Range), to move between £6.35 and £6.57, which gives a possible trading interval of +/-£0.110 (+/-1.70%) up or down from last closing price. If Hamborner Reit Ag takes out the full calculated possible swing range there will be an estimated 3.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £6.45 (0.15%) than the resistance at £6.71 (3.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Hamborner Reit Ag ETF A Buy?

Hamborner Reit Ag holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.

Current score: -1.336 Sell Candidate Unchanged

Predicted Opening Price for Hamborner Reit Ag of Thursday, June 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.